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Article: VIETNAMESE GOODS TAKE OVER HANOI MARKET DURING TET.
- Article from:
- AsiaPulse News
- Article date:
- February 2, 2000
CopyrightCOPYRIGHT 2000 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HANOI, Feb 2 Asia Pulse - Made-in-Vietnam goods are claiming a respectable portion of shopping baskets in Hanoi as people flock to the markets to prepare for the Lunar New Year Festival (Tet).
In Hanoi, purchasing power is increasing, with State-run businesses expecting a 15 percent increase in turnover over last year's Tet period. However, the Ministry of Trade said that market prices are stable thanks to the growing popularity of readily-available domestic goods.
In anticipation of a spending surge near Tet, the Hanoi Trade Department ordered stockpiling of certain goods worth a combined VND 250 billion (roughly US$ 18 million). The goods stockpiled ...
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