Inventories of retail firms are capable of ensuring supply for Hanoi’s market in 60 – 90 days with estimated costs of VND174 trillion (US$7.48 billion).

The number of stores has doubled the amount required by the city’s leaders, while six out of 62 provinces and cities have registered to supply goods and products to these stores.

Demand for consumer goods and products in Hanoi are set to surge in before, during and after the Lunar New Year holiday.

During the festive period, consumption demand for rice, pork, beef, chicken, and vegetable is estimated to increase by 3 – 20%, while local producers could only meet 50 – 60% of the demand.

The local authorities have been cooperating with retailers in the city to stockpile basic necessities worth VND39.4 trillion (US$1.7 billion), up 5% against the last year.