At a meeting in Ho Chi Minh City on Friday, the Department of Finance announced plans to reduce the price on five subsidized food items by VND500-3,000 a kilogram.
|Price of pork has reduced by VND1,000 a kilogram in HCMC (Photo: SGGP)|
The price reduction is being applied on five out of nine food items on the price subsidized program in the city for the period 2012-2013.
Among the food items, price of homegrown chicken and duck will reduce by VND2,000-3,000 a kilogram and duck’s eggs will go down by VND1,000 per pack of ten.
A kilogram of rice will reduce by VND500 and pork price will lower by VND1,000 a kilogram.
According to the finance department, the reduction on price on these commodities is aimed at ensuring that the price of subsidized goods are always 5-10 percent lower than that in the market.
The People’s Committee of Ho Chi Minh City has officially added the Big C supermarket to the price subsidized program in the City for the period 2012-2013, taking the total number of businesses participating in the program to 26.