Subsidized products to have logo in HCMC

Products in the subsidization program 2014 in Ho Chi Minh City will create a logo to facilitate consumers’ awareness of the program’s products, said Deputy Chairwoman of HCMC People’s Committee Nguyen Thi Hong on March 18.

Chinese sausage production for the price subsidization program at Nam Long Food Enterprise (Photo: SGGP)

The logo will contribute to advertising the program’s aim raise effectiveness, said Hong. It is also aims to prevent organizations and individuals from taking advantage of the program’s brand.

Department of Industry and Trade and relevant agencies are hosting a contest to choose the best logo for the program.

HCMC will continue to subsidize prices of food products, milk products, school supplies and medicines, she said.

So far, 72 businesses have registered to attend. The total cost for the program will increase VND 6,190 billion (US$ 294 million) over last year reaching VND 8,150 billion (US$ 387 million).

It is expected to start April 1, 2014 and end March 31, 2015.

One of the main supplies will be from agricultural cooperatives which produce vegetables and fruits in Vietgap quality standard.

The program will be conducted in accordance with the ‘Vietnamese Consume Vietnamese Goods’ campaign.

Subsidized products currently account for 25-65 percent of the market demand in HCMC.

By Thuy Hai – Translated by Hai Mien

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.