VN Trade Ministry confirms steady supply of consumer goods at supermarkets

The Ministry of Industry and Trade (MoIT) confirmed that the goods reserves are still plentiful to ensure adequate supply for people.

VN Trade Ministry confirms steady supply of consumer goods at supermarkets

Following directions from the MoIT, retailers have tripled stocks in anticipation of an outbreak

On the morning of March 7, the MoIT issued a quick notice on the situation of goods supply in Hanoi.

According to quick reports from some retailers, the number of customers has increased sharply since the morning of March 7 but supermarkets can still meet the demand.

Previously, under the guidance of the MoIT and assessing the purchasing demand of people during the epidemic, suppliers have gradually tripled their stockpiles of goods. These preparations are now paying off, as the first COVID-19 infected patient has been reported in Hanoi, raising concern among the populace of the capital.

The MoIT has issued a written directive to retailers (supermarkets and convenience stores) in Hanoi to increase the supply of goods, especially essential consumer goods, to ensure the needs of the people.

Duong Thi Thanh Tam, deputy general director of Vincommerce (the owner of the Vinmart and Vinmart+ chains) also affirmed that the supermarket chains are restocking shelves continuously throughout the day.

However, fears of the epidemic drive Hanoians to supermarkets to stock up on consumer goods.

New SARS-CoV-2 case in Hanoi sparks panic buying

VN Trade Ministry confirms steady supply of consumer goods at supermarkets

Hanoians flock to supermarkets after new confirmed case

People in Hanoi have started to store foods and essential goods after the city reported the first Covid-19 patient on March 6.

After the first case of Covid-19 was confirmed in Hanoi on March 6, and the 17th case in Vietnam, people have flocked to grocery shops and supermarkets to stockpile food and other products related to the outbreak overnight.

 

At 2 am, DaLat Mart at Times City was still crowded with people and a queuing line outside. Instant noodles, rice, toilet paper, vegetables and fruits were the most common purchases. Phuong, the store manager, said they usually closed at 11 pm but after Hanoi had it first Covid-19 case, they had to call for more employees to work overnight to cope with the increased number of customers.

"The prices are the same. We knew that we would work overnight," she said.

Huong, a resident at Times City, said she had to queue for quite a long time to buy instant noodles, spices and toilet papers for at least two to three days.

My Linh from Linh Dam said she bought enough supplies for 10 days in case there is an outbreak in Hanoi. "I bought mostly rice, vegetables, pork. I also bought instant noodles but not much because my family may not be able to consume it all," she said.

Lan, a representative of a convenience store in Ha Dong District said customers started queuing from 11 pm until 2 am. "We have never been such overwhelmed. We have to ask that each customer is allowed to buy only two cartons of instant noodles and 30kg of rice. We don't have much supply," she said.

Also in Ha Dong District, Cao Tuan Ninh said when he went out to buy instant noodles at 1 am, everything was sold out within five to seven minutes.

Cuong from Gia Lam District said he walked 5 km and queued 30 minutes in order to buy toilet paper and instant noodles. When he returned home, it was 2 am. "I've never had to queue before but today, rice, vegetables and fruits were all sold out. The prices didn't increase though," he said.

In the morning of March 7, supermarkets and shopping centres were overcrowded. Meat and fish shelves were nearly empty. Long queues can be seen at supermarkets even though it was only 8 am.

At 10 pm on March 6, Chairman of Hanoi People's Committee Nguyen Duc Chung confirmed that one woman lives on Truc Bach Street had tested positive to SARS-CoV-2. VIR/Dtinews

Vietnam reports two more COVID-19 infection cases

Vietnam reports two more COVID-19 infection cases

Vietnam on March 7 afternoon reported two more COVID-19 infection cases related to a female patient named N.H.N confirmed to be infected with the novel coronavirus SARS-CoV-2 a day earlier, said the Ministry of Health.

Shop closures in Hanoi, HCM City due to coronavirus fears

Shop closures in Hanoi, HCM City due to coronavirus fears

Many shops and restaurants in Hanoi and HCM City have closed or are looking for new owners due to Covid-19 fears.

 
 

Other News

.
Corporate income tax reduction comes into effect
Corporate income tax reduction comes into effect
BUSINESSicon  04/08/2020 

Resolution 116/2020/QH14 granting a reduction of 30 per cent on corporate income tax (CIT) for eligible enterprises officially came into effect on Monday.

VN businesses slow in preparing to enjoy preferential tariffs in EVFTA
VN businesses slow in preparing to enjoy preferential tariffs in EVFTA
BUSINESSicon  04/08/2020 

 Experts have raised concerns that Vietnamese businesses are slow in preparing conditions to enjoy preferential tariffs in the Viet Nam-EU Free Trade Agreement (EVFTA).

Probe into Tenma Vietnam’s alleged bribery underway: police official
Probe into Tenma Vietnam’s alleged bribery underway: police official
BUSINESSicon  04/08/2020 

The investigation into the Japanese-invested Tenma Vietnam company’s allegation of bribing civil servants and tax and customs officers of northern Bac Ninh province is still ongoing, according to a police official.

VN textile, electronics hardest hit in pandemic: official
VN textile, electronics hardest hit in pandemic: official
BUSINESSicon  04/08/2020 

Textile and electronics have been the two export-oriented sectors mostly impacted by the COVID-19 pandemic, an official has said.

Vietnam prepares to receive investors from Japan, the US, EU
Vietnam prepares to receive investors from Japan, the US, EU
BUSINESSicon  04/08/2020 

Japanese businesses have begun relocating factories to Vietnam, and it is expected that American and European businesses will also come soon.

VN Civil Aviation Authority's plans for new Quang Tri Airport face opposition
VN Civil Aviation Authority's plans for new Quang Tri Airport face opposition
BUSINESSicon  04/08/2020 

The Civil Aviation Authority of Vietnam (CAAV) plans to build Quang Tri Airport in Quang Tri province, but experts disagree with the idea.

Vietnam factory activity dips in July as Covid-19 impacts grow
Vietnam factory activity dips in July as Covid-19 impacts grow
BUSINESSicon  03/08/2020 

Despite a drop in output in July, firms remained confident in the 12-month outlook for production.

Enticing legal changes lure in foreign investors
Enticing legal changes lure in foreign investors
BUSINESSicon  04/08/2020 

Foreign investors are making new investments moves into Vietnam on the back of supporting policies and new rules. However, as some legal concerns remain, the development of the next steps still requires some preparation. 

Summary of new points of amended Law on Investment 2020
Summary of new points of amended Law on Investment 2020
BUSINESSicon  03/08/2020 

After more than six years in effect, the Law on Investment has been officially amended with a number of new articles to improve the country’s appeal to higher-quality foreign investment flows.

Outlining the preferential mechanisms for new PPP projects
Outlining the preferential mechanisms for new PPP projects
BUSINESSicon  04/08/2020 

Public-private investment projects play a significant role in developing infrastructure and have the potential to accelerate large-scale construction works across the country.

Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC
Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC
BUSINESSicon  03/08/2020 

HSBC economists forecast GDP expansion of 3% in 2020 for Vietnam, the only ASEAN country they expect to have positive growth this year.

Vietnamese startups bag millions of US dollars despite COVID-19 pandemic
Vietnamese startups bag millions of US dollars despite COVID-19 pandemic
BUSINESSicon  03/08/2020 

A slew of Vietnamese startups managed to secure millions of US dollars even in the midst of the rapidly escalating COVID-19 pandemic.

Capital inflows to Southeast Asian startups up 91 percent despite outbreak
Capital inflows to Southeast Asian startups up 91 percent despite outbreak
BUSINESSicon  03/08/2020 

Southeast Asian startups, especially e-commerce and fintech companies, have witnessed a significant increase in investment between April and June.

Sky-high livestock prices may breach competition law
Sky-high livestock prices may breach competition law
BUSINESSicon  03/08/2020 

Although many livestock companies could face an inspection to ensure they follow through on commitments to cut their prices, the market outlook still looks dreary in spite of the government’s call to stabilise the selling cost of live pigs.

Aligning with trade remedy principles
Aligning with trade remedy principles
BUSINESSicon  03/08/2020 

The EU-Vietnam Free Agreement (EVFTA) is a giant leap for Vietnam in international integration.

Electricity of Vietnam suggests not to extend deadline for wind farm FiT
Electricity of Vietnam suggests not to extend deadline for wind farm FiT
BUSINESSicon  03/08/2020 

In order to ensure transparency and stability in the selling price of wind power, EVN opposes the Ministry of Industry and Trade's proposal to extend the deadline on the current feed-in tariff (FiT) scheme for wind power projects

Ministry seeks to further open petroleum retail market
Ministry seeks to further open petroleum retail market
BUSINESSicon  03/08/2020 

The Ministry of Industry and Trade has called for allowing all foreign investors to further participate in the petroleum retail market.

Shares to correct on worries of virus surge
Shares to correct on worries of virus surge
BUSINESSicon  03/08/2020 

 Vietnamese shares may continue to fall this week as a spike in fresh coronavirus cases fuelled concerns that the path to economic recovery could be hindered.

Vietnam fulfills international commitments as EVFTA takes effect
Vietnam fulfills international commitments as EVFTA takes effect
BUSINESSicon  03/08/2020 

Vietnam will continue to fulfill its international commitments so that it can take full advantage of the EU-Vietnam Free Trade Agreement (EVFTA) and recover its economy amid a resurgence of COVID-19 pandemic.

Vietjet reports loss of over VND2.1 trillion for H1
Vietjet reports loss of over VND2.1 trillion for H1
BUSINESSicon  03/08/2020 

Vietjet Aviation Joint Stock Company has reported a loss of over VND2.11 trillion (approx. US$90.5 million) in air transportation business in the first half of this year.

 
 
 
Leave your comment on an article

OR QUICK LOGIN