Holiday heats up city market - Holiday heats up city market - Website Ho Chi Minh City
The National Holiday lasting four days since the last Saturday (August 30) has boosted the purchasing power which was in a long drop especially in traditional markets in Ho Chi Minh City.
According to traders, the purchasing power increased by 30 percent compared to before the holiday in traditional markets such as Van Thanh, Tan Son Nhat, Pham Van Hai, Hoang Hoa Tham, Binh Trieu and Go Vap. The highest increase was on seafood group, reaching 50 percent.
Seafood and vegetable prices have been up by 5-10 percent while pork and chicken prices remain unchanged. However, it is predicted that prices will soon return as before after the holiday, .
Supermarkets and malls saw more customers during the holiday. The revenue at several supermarkets increased 30-50 percent thanks to large promotional programs.
Country's leading supermarket chain Co.opMart reported sales higher than normal days by 40-50 percent in the first week of its promotional program ‘Proud of Vietnamese Goods’. The bestselling has been on food, chemical products and cosmetics.
Several businesses attending in the Promotional Month Fair at the Phu Tho Indoor Stadium, District 11, have also reported good sales.