Vietnam Minister assures capital of food supplies

HANOI (Viet Nam News/ANN) - Minister of Industry and Trade Tran Tuan Anh has allayed fears of food shortages following panic buying sparked by the latest coronavirus confirmed cases.

Since Friday night when the 17th COVID-19 infected case was reported in Hanoi, the capital’s residents have been flocking to supermarkets and retail outlets to stock up on essentials including rice, instant noodles and soap, emptying shelves.

Major supply chains, including BigC, Saigon Co.op and Vinmart, said they planned to increase stocks by 30 to 50 per cent to prevent speculation and price hikes.

“Some goods may be temporarily out of stock but we'll soon be able to meet the soaring demand,” said Tran Duy Dong, head of the ministry's Department of Domestic Market.

On the same day, Prime Minister Nguyen Xuan Phuc directed the Ministry of Industry and Trade, the Ministry of Agriculture and Rural Development, Hanoi’s People’s Committee and food distributors to ensure supplies for supermarkets and outlets in Hanoi.

PM also instructed the city's Market Watch force to deal with speculation and illegal price hikes.

Phuc asked Vinafood 1, Dabaco Group and CP Vietnam to supply rice and food for retailers in Hanoi.

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