HCM City committed to price stabilization program

Ho Chi Minh City leaders stressed in a meeting with enterprises and relevant agencies, that the city remains committed to stabilizing prices through its program to ensure that necessary goods and commodities met with consumer demands without unusual price fluctuations.

Customers at a shop in Ho Chi Minh City (Photo: U. Phuong)

Nguyen Thi Hong, vice chairwoman of the People’s Committee, presided over the meeting on March 16, reassuring of the stabilization program in HCMC for  2011 and for the Tet ( Lunar new year) season of next year. The highlight of this year’s program is that all enterprises from all sectors in society can join the program, provided they meet with the necessary requirements.

This year nine commodities of rice, sugar, cooking oil, cattle meat, chicken, chicken eggs, vegetable, fruit, seafood and also domestically-made medicines have been selected for the price stabilization program.

These commodities account for 20-25 percent of the market demand and the stabilized price on them will be at least 10 percent lower than that on the market. The program for 2011 begins from April 1 to December 31, 2011 and from January 1, 2012 to March 31, 2012 in preparation for Tet 2012.

Selected enterprises will enjoy benefits such as receiving interest free loans from the city People’s Committee, free advertising in local media and no mortgage payment necessary on property within 12 months after disbursement.

Le Ngoc Dao, deputy head of the Department of Industry and Trade said that all enterprises able to meet the required norms will be permitted to join the program from March 18 to 25.

Hong said the stabilization program should connect with the campaign to promote consumption of Vietnamese goods.  Only quality commodities and hygienic safe food could enter the program. Enterprises must ensure enough commodities to meet the demand.

Commodities need to be accessible to all customers, especially residents and workers living in suburban districts and in industrial parks, said Hong.

By Th. Hai - Translated by Uyen Phuong

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