Yen Bai province ready to meet consumption demand during Tet holiday

Economy

Yen Bai province ready to meet consumption demand during Tet holiday

Tuesday, January 4, 2022

YBO - Though the COVID-19 situation remains complicated and unpredictable, production and business establishments in Yen Bai province, especially the distributors of goods serving the Lunar New Year (Tet) festival, have devised detailed plans to stockpile essential goods, according to the provincial Department of Industry and Trade.

Business and stores in Yen Bai province has guaranteed sufficient Tet goods supply to meet consumption demand.

Over the past months, Vinmart Yen Bai has moved to coordinate with producers and suppliers to double the supply of essential goods and increase product quality checks, especially over Tet food, by 5- to 10-fold compared to the remaining months of the year.

Nguyen Ngoc Tuan, Director of the Tuan Tuyet trading company, based in Hop Minh ward of Yen Bai city, said it is very difficult to forecast the consumption demand during Tet amid the current COVID-19 context. It is necessary to gear up for different scenarios, especially when the pandemic becomes complicated, so as to take appropriate actions.

The firm has stockpiled goods worth about 20 billion VND (nearly 882,000 USD) for Tet, he noted, adding that prices will rise by about 5 - 10 percent.

Deputy Director of the provincial Department of Industry and Trade Trinh Van Thanh said local business establishments have gained sufficient supply of consumer goods to meet people’s demand. Those products are sourced from major processors and distributors nationwide, so the flow of goods will not be affected and supply still ensured even when demand rises suddenly.

The department has also encouraged and assigned certain units to guarantee goods supply for localities in the province, especially Yen Bai city with total goods value of 51.8 billion VND.

The essential products distributed to serve the Tet holiday, estimated at about 65 billion VND, is set to grow 10 - 15 percent compared to other months of the year, Thanh noted.

He said local business establishments have stepped up stockpiling and distributing goods to retailers across the province, from urban to rural and mountainous areas, to meet the Tet demand and ready supply in case of soaring prices or product shortages due to the pandemic’s impacts.

Hong Duyen

Other news

Nghia Lo Town has 24 products recognized as OCOP

Meat processing at Yen Phuong production facility, Nghia Lo Town.

In 2024, Nghia Lo Town developed seven new products meeting the 3-star OCOP standard and reevaluated seven products after three years of certification.

Yen Bai achieves comprehensive development of transportation infrastructure

The project connects transportation in the northern mountainous provinces and links Nghia Lo to the Noi Bai - Lao Cai Expressway.

Yen Bai develops comprehensive transportation infrastructure, prioritizing projects that connect national highways with the Noi Bai - Lao Cai Expressway, regional linkage projects, and those connecting Yen Bai province with localities in the Northern Midlands and Mountainous region. The focus is on key projects and several important regional and inter-regional connecting roads. As of now, the transportation infrastructure system in Yen Bai has achieved significant progress.

Yen Bai's potential for exporting to the Halal market

Yen Bai currently boasts over 7,440 hectares of tea cultivation, producing more than 69,000 tons annually.

The global Halal market is valued at approximately USD 5 trillion annually, with a strong demand for cinnamon and tea products. This presents significant export opportunities for Yen Bai Province.

Yen Bai City exceeds vocational training targets by 15%

Students of Yen Bai Vocational College during an electronics practice session.

In 2024, Yen Bai City achieved vocational training for 2,259 individuals, exceeding the target of 1,790 by 115%. Of this total, 578 people were trained at the college level, achieving 125% of the assigned target of 461.

Economy