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Prices of some products rise before Tet

2013-12-18 11:41:09

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According to many beer sellers in HCMC, the prices of some beer products have gone up by VND10,000-20,000 per carton to VND380,000-385,000 for Heineken beer, VND290,000-295,000 for Tiger and VND295,000-300,000 for Saigon Special.


The owner of a big grocery store on Tran Xuan Soan Street in HCMC’s District 7 said that beer prices normally rose in the lead to the Lunar New Year holiday. As the supply is limited, beer agents are asking for higher prices, she added.


Meanwhile, Vietnam Brewery Limited, producer of Heineken and Tiger beer, said at a working session with the HCMC Department of Industry and Trade that it had increased the beer supply for the coming holiday by 20% and that there is no signs of short supply. However, the firm cannot control the retail price of beer on the market.


Another commodity with fluctuating price over the past time is beef. At many markets in HCMC, the beef price has increased by 3-7% in the past two weeks.


A trader at Tan Thuan Market in District 7 said that there was no specific reason for the price hike as the price always increased before the Lunar New Year holiday.


Contrary to beer and beef, the prices of most other commodities are quite stable or have even dropped.


Some goods distributors told the Daily that the prices of commodities like confectioneries and processed food products were maintained. Some products see a slight price increase of only 2-3%.


Distributors have prepared a large amount of commodities to meet the buying demand of consumers in the holiday. Besides, producers have coordinated with distributors to conduct many promotion programs with many activities such as direct discounts, gifts and lucky draws.


The purchasing power in the coming holiday is forecast to rise only slightly as consumers tighten spending. Maintaining the selling prices and offering many promotions are aimed at stimulating spending of consumers.


Source: thesaigontimes