VND10.85 trillion for 2015 price subsidization program

Ten banks will provide businesses with a total of VND10.85 trillion (US$505.24 million) in loans to implement the price subsidization program in Ho Chi Minh City this year.

Customers buy vegetables at a supermarket in HCMC (Photo: SGGP)

That was announced at a meeting chaired by the city People's Committee Deputy Chairwoman Nguyen Thi Hong on March 18 to review the program's implementation last year and launch 2015 plan.

The city Department of Industry and Trade reported that 86 businesses are expected to attend in the program this year including 76 goods suppliers and ten banks.

The program will be carried out from April 1, 2015 until March 31, 2016.

According to Ms. Hong, the program was appreciated for its practical efficiency by the city leaders and citizens last year. She prompted relevant agencies and businesses to better using the program's logo on products as well as at shops and supermarkets to improve consumers' awareness of subsidized products.

By Thuy Hai - Translated by Hai Mien

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