Over US$3.3 million support package proposed for small traders in HCMC

SGGP
The Ho Chi Minh City Department of Industry and Trade has just sent an official letter to the Department of Planning and Investment about sending a proposal to the Municipal People’s Committee for approval of a financial support package, worth over VND76 billion (US$3.31 million) from the State budget, to help small business owners in the city’s traditional markets overcome the current Covid-19 impacts.
Over US$3.3 million support package proposed for small traders in HCMC ảnh 1 (Illustrative photo: SGGP)
The support will be applied from July 2021 to December and the rates of financial support will follow the classification of markets, equivalent to 50 percent of the market fee.
Beneficiaries are small traders in all traditional markets of the city heavily affected by the Covid-19 pandemic. 

Accordingly, the first-class markets would receive financial support of VND100,000 (US$4.4) per square meter a month, the second-class markets would be supported VND70,000 (nearly US$3.1) per square meter a month and the third-class markets would be supported VND50,000 (US$2.2) per square meter a month.

By Hai Ha – Translated by Huyen Huong

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