Patching the gap in the gasoline market; Tet goods flood supermarkets

Supermarkets in Hanoi are flooded with Tet goods

With nearly a month to go until Lunar New Year 2024, many families are starting to plan their Tet shopping early. Therefore, consumer demand for shopping is increasing.

According to Lao Dong's records on the afternoon of January 12, at a large supermarket on Tran Duy Hung Street (Cau Giay District), essential and typical Tet goods are displayed for sale in bright, eye-catching colors.

Tet goods on shelves are diverse and abundant. Photo: Thu Thuy

Beautiful Tet gift baskets, affordable prices, ranging from 500,000 - 1,000,000 VND/basket depending on the product segment and design.

Stalls of candies, jams, dried fruits, nuts... are sold by weight, attracting many shoppers with prices ranging from tens of thousands to hundreds of thousands of dong depending on the type.

Green-skinned grapefruit, melon, oranges, and dragon fruit are stocked at the stalls, ensuring freshness and good quality.

In addition, it is noted that beer, wine, soft drinks, and beverages are available for consumers and supermarket staff regularly check and replenish. See more...

Foreign transactions are bustling with the flow of the market.

Experts assess that foreign investors will strongly disburse capital into the Vietnamese stock market, after net selling about 1 billion USD in 2023.

Foreign investors are making many moves in early 2024. Photo: Le Toan

Last week, foreign investors continued to target banking stocks as many of the top stocks in the industry were heavily purchased by foreign investors.

Notably, VCB shares were the most strongly net bought with a value of 324.26 billion VND, equivalent to a net buying volume of 3.7 million units. Last week, VCB also took the lead with a net buying of more than 278 billion VND.

In addition, many other bank stocks were also strongly net bought such asOCB reaching more than 8.98 million units, VPB reaching more than 6.78 million units, STB reaching 6.44 million units.

It can be seen that last week, foreign transactions continued to maintain a strong net buying status for many stocks in the industry, however, this group still sold a net of more than 610 billion VND in the last bustling trading week. See more...

Patching the hole in the gasoline market

Nearly two months after issuing Decree 80 on petroleum management, the Ministry of Industry and Trade sent a document requesting local Departments of Industry and Trade to contribute their comments to develop a new decree. According to Dr. Vu Dinh Anh - former Deputy Director of the Institute for Price and Market Research, Ministry of Finance , the root of the problem is that the State must create a real petroleum market, so that the market can operate and regulate itself according to the principle of competition.

Enterprises propose to abolish the Petroleum Price Stabilization Fund. Photo: Phan Anh

Commenting on the new decree, in an interview with Lao Dong, Mr. Nguyen Xuan Thang - Director of Hai Au Phat Petroleum Company said that the drafting agency needs to stipulate the ratio of standard costs and standard profits in the retail price, at least 1,000 VND/liter. Commercial discounts will be implemented according to the regulations on discounts and according to the agreement between the entities (key enterprises, distributors and retailers).

According to Mr. Thang, the new decree on petroleum trading needs to build a separate, independent and transparent petroleum trading model. In particular, the main petroleum trading enterprise and the distribution enterprise must be clearly separated, not buying and selling, transferring prices in a roundabout way, causing profits to be eliminated at all stages, leading to market instability.

At the same time, clearly define the responsibilities, obligations and rights of each stage in the petroleum market. See more...

3 major wholesale markets in Ho Chi Minh City - Price stabilization, purchasing power increase

Currently, preparations for the 2024 Lunar New Year at three major wholesale markets in Ho Chi Minh City are underway, ensuring the quantity of goods meets people's needs. Purchasing power is expected to increase during peak days near Tet.

Buying and selling atmosphere at Binh Dien wholesale market (HCMC). Photo: Ngoc Le

According to records at the country's largest multi-industry wholesale market - Binh Dien market (District 8), the buying and selling atmosphere is quite busy at this time, with food being transported from neighboring provinces and cities in large quantities.

According to Mr. Nguyen Dang Phu - Deputy Director of Binh Dien Market Company, the work of stockpiling goods for Tet this year is being urgently carried out, the amount of goods for Tet this year is forecast to increase from 4 to 5 times compared to normal days. Normally, the amount of meat traded at Binh Dien wholesale market reaches 250 tons/day, vegetables are about 700 tons... In particular, seafood, which is the strength of Binh Dien agricultural and food wholesale market, has also increased.

At Hoc Mon wholesale market, the unit also affirmed that it will ensure enough quantity and quality to supply people during the Lunar New Year. According to some traders, this year, purchasing power is expected to decrease, but not too low because people tighten their spending. See more...

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