Hanoi (VNA) – Purchasing power for the traditional Lunar New Year (Tet holiday) will increase 10% from the same time last year, according to the Ministry of Industry and Trade. Businesses have been stockpiling essential goods to ensure supply during the Tet season, with the volume of inventory rising 10-25% year-on-year. A latest report from the ministry showed that total retail sales of goods and services in December 2023 expanded 2.6% from the previous month, and 9.3% as compared to the same time in 2022. Demand for food, accommodation, catering services and travel was on upward trend in the end of the year 2023. Deputy Minister of Industry and Trade Phan Thi Thang said that localities nationwide have issued plans…
Published Date: 2024-01-12
Source: VietnamPlus
Categories: Business, Investing, Stocks and Bonds, Day Trading, Agriculture and Forestry, Marketplaces, Guides
