Prices of essential products in traditional markets returned to normal on the fourth and fifth days of the lunar year (February 19-20) after increases few days before the Tet holiday which lasted from February 14-20.
Hanoi (VNA) – Prices of essential goodsin traditional markets returned to normal on the fourth and fifth days of thelunar year (February 19-20) after increases few days before the Tet holidaywhich lasted from February 14-20.
According tothe Ministry of Finance, supermarkets and commercial centres attracted a largenumber of consumers during the festival thank to clear product origins, guaranteedfood hygiene and stable prices.
Meanwhile, prices of catering and vehicle keepingservices slightly increased in the first days of the year, the ministry said.
During Tet, the purchasing power surged 12-15percent as compared with normal days, and 10 percent against the same periodlast year, as a result of 2017’s noted economic growth and market stabilisationpolicy.
The ministry said that demands for travelling, foodand festival offerings are expected to rise following the holiday.
To stabilise the market in March and the secondquarter of this year, the ministry has asked other ministries, agencies andlocalities to keep a close watch on developments of supply and demand, as wellas prices, especially of essential products.
Besides, inspections on the observance of legalregulations on price, tax and fee, particularly of tourism services, while trafficlaws will also be intensified.-VNA
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Illustrative image (Source: VNA)
