HCM CITY (VNS)— HCM City's Price Stabilisation Programme, which started 11 years ago, has been a success story, managing to keep under control the prices of over 350 essential goods in the city as well as neighbouring areas.
Last year it focused on four groups of essential — food and foodstuff; students' utensils; pharmaceuticals; and dairy products.
Nguyen Thi Hong, deputy chairwoman of the HCM City People's Committee, said the city supplies essential goods not only to its 10 million population but also to cities and provinces around the country.
In 2012 an agreement was signed between the Ho Chi Minh Communist Youth Union and the Women's Union of HCM City and Sai Gon Trade Corp and Sai Gon Co.op to expand the network of outlets selling goods under the programme.
As a result, 53 new stalls were established.
The unions set up a further 135 new stalls at traditional markets and 448 stalls at residential areas in the city.
In all, 2,448 new outlets were set up last year, bringing the total number to 6,439.
In addition, nearly 700 mobile shops (on trucks) were sent to suburban districts to sell goods to residents in remote areas.
By supplying large volumes of goods to the market, the programme has helped stabilise the prices of essential goods, keeping inflation and social discontent in check.
Hong said the programme has helped HCM City authorities contain inflation at 4.07 per cent in 2012, much lower than the 6.81 per cent recorded the previous year.
Businesses joining the programme too benefited, not only by being able to promote their products but also getting preferential loans, she added. — VNS