12,9trillion for 2016 stabilization program approved

Deputy chairman of HCMC People’s Committee Le Van Khoa has just approved four stabilization programs in 2016 and Lunar New Year 2017 to commodity groups including milk, food and medicine and other items in preparation for the school season. Accordingly, 86 enterprises will take part in the program & the consumption & production are expected to increase of 15 to 30 percent compared to the 2015’s plan.

This year’s stabilization program continues to attract the capital source of 10 registered banks worth VND 12,9trillion, an increase of VND 1,050billion compared to last year including 3 credit packages. Of these, enterprises will be loaned VND 6,350billion with interest rate from 5 to 6 percent per year.

The 2016 stabilization program & Lunar New Year 2017 will take effect from April 1 and end on March 31, 2017.

H.Ha –Translated by M.Quyen

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