Basic Necessities

Retailers in Hanoi are requested to draft backup plans for each pandemic scenario to ensure sufficient provision of basic necessities for the locals under any circumstances.

The city is able to guarantee the locals a three-month supply with a volume of goods worth up to VND194 trillion (US$8.52 billion).

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.

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.

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

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.

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).