Businesses start producing Tet goods

Businesses in the food industry said that this year, the Tet production atmosphere started early as orders increased sharply. Many businesses have proactively stocked up on raw materials and planned production early to ensure stable supply and reasonable prices.

Fancy Foods Co., Ltd. said it is fully booked for the year-end and Tet holiday season, with output expected to increase by more than 30% compared to last year. This year, New Year and Lunar New Year are 1.5 months apart, meaning businesses have two important occasions to stimulate demand. Consumers tend to prioritize using Vietnamese products with clear origins and affordable prices. Thanks to that, the market is expected to be more vibrant.

Tet orders of Richy Food Company in the South are also increasing by 30% compared to the same period. The company said that thanks to fiscal policies supporting production, there is more basis to stabilize prices during the peak period.

Market stabilization businesses in Ho Chi Minh City said they have prepared goods from now until the end of the year. They ensure that the price of stabilized goods is 5-10% lower than the market price. Notably, market stabilization goods account for 25-43% of the market share during Tet months, enough to influence and regulate the market.

Although the cost of importing raw materials and logistics has increased compared to last year, most businesses have accepted a reduction in profit margins to maintain selling prices and support purchasing power. According to the Ho Chi Minh City Food and Foodstuff Association, the source of goods for stabilizing Tet this year is more abundant, many businesses have committed to increasing production by 15-20%.

Ms. Ly Kim Chi - President of the Ho Chi Minh City Food and Foodstuff Association said: "Enterprises have stabilized their raw material sources to stabilize production at the end of the year and Tet. Goods sources are all prepared to increase by 15 - 20%".

Along with the efforts of businesses, Ho Chi Minh City is also launching a series of programs connecting supply and demand and focusing on promotions lasting until the end of the year, helping businesses expand their markets and promote the consumption of Vietnamese goods for Tet.

Source: https://vtv.vn/doanh-nghiep-bat-dau-san-xuat-hang-tet-100251102103336379.htm