10/10/2017 08:57 GMT+7 Email Print Like 0

Efforts to stabilise market in year’s end

Hanoi, October 9 (VNA) – The Departments of Industry and Trade have been urged to actively launch trade promotion and market stabilisation programmes and connect supply-demand in peak times. 

Due to rising political tension in the Korean peninsula and financial fluctuations in September, metal prices tumbled while farm produce and energy prices kept rising due to high demand in year-end. 

Statistics showed that the total retail value rose 1.75 percent monthly to 336.585 trillion VND (14.63 billion USD) in September. Tourism, lodging and dining sectors grew 4.5 percent and 8.8 percent, respectively due to high demand on September 2 holiday. 

On the nine-month calculation, the figure hit 2,917,545 trillion VND, up 10.5 percent year-on-year. 

Trade experts forecast that goods market will be busy due to high demand. 

Deputy Minister of Industry and Trade Do Thang Hai underscored the need to stabilise the market and generate abundant supply to meet public demand during year’s end. He asked for considering adjustment of value-added tax on goods and services to prevent price hike and falling purchasing power. 

Ministries, agencies and localities were required to provide support for pig farmers and work closely together to control market and prices.