Prices of essential goods have dropped dramatically following the return of many vendors to the city from holidays and supermarket promotions
Prices of chicken and duck eggs and pork have dropped at An Lac market in Ho Chi Minh City’s district. Fresh seafood prices have also fallen in Hoa Binh Market in district 5, while broken rice was back down to VND8,500 a kilogram.
At retail markets Nguyen Dinh Chieu in district Phu Nhuan, Nguyen Van Troi, Ban Co in district 3, Ben Thanh in district 1, vegetable prices were less than last week. For instance, watercress has dropped from VND25, 000 a kilogram in Tet, to VND15,000.
According to market managers, over 70 per cent of essential items were cheaper.
Restaurants are also passing the price reduction on to customers.
Meanwhile supermarkets have been launching promotion campaigns to attract customers. German wholesale group Metro Cash & Carry in Ho Chi Minh City and the southern province of Dong Nai held a 50 percent stock clearance sale on kitchen utensils.
The deputy head of the city’s Department of Industry and Trade, Quach To Dung, said the price drop was to be expected with the resumption of normal business operations.
