HCMC – The HCMC Department of Industry and Trade and relevant agencies are working together to arrange around 34,000 tons of goods worth approximately VND20 trillion as part of the city’s price stabilization program to serve the upcoming Lunar New Year, or Tet.

Bui Ta Hoang Vu, director of the department, said at a meeting yesterday, December 8, that the city prepared sufficient commodities to serve some 12 million residents citywide during the Tet holiday, the local media reported.

As shared by the trade department, the prices of goods across the city, especially food and foodstuff, have risen slightly by 2-4%. Hence, there is no need for the department to take measures to stabilize product prices at present.

Earlier, business associations in HCMC had called on businesses to reduce costs to help stabilize goods prices in the market.

As for fuel supplies, Vu said that the city has 549 gas stations, 61 fuel distributors, and 15 wholesalers that provide around 6.5-7 million liters of fuel per day, meeting the demands of local people and enterprises.

Besides, the competent forces will ramp up efforts to check compliance with food safety and hygiene regulations at wholesale markets, wet markets and other distribution channels in the upcoming time, Vu added.