Long Tet break sends retail sales soaring

TN News

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Retail sales during the traditional Tet holiday increased by between 20 and 25 percent compared to the same period last year, the government said in a report on Saturday.

The eight-day Lunar New Year holiday, which is longer than usual this year due to weekends at the beginning and end, has driven up demand for goods and services, the report said. It did not give comparative figures.

Despite higher demand there was ample supply of goods and prices were stable, the report said.

It said efforts to store goods and keep prices stable in big cities like Hanoi, Ho Chi Minh City and Da Nang have paid off.

The government report also cited the Ministry of Industry and Trade as saying that the trade in smuggled goods was also controlled successfully during this year's Tet holiday.

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