Wednesday, July 18 2018


Ha Noi expands price stabilisation

Update: January, 06/2012 - 10:13


A consumer buys goods at Hom Market in Ha Noi. The city will expand its price stabilisation progarmme this year. — VNS Photo Truong Vi
HA NOI — The capital city would expand its price stabilisation programme to limit the impact of price increase on the people's living standards, Ha Noi Industry and Trade Department deputy director Nguyen Van Dong said.

Ha Noi would increase the number of fixed and mobile outlets of goods at stabilised prices, especially in suburban areas and industrial zones, and continue bringing rice, meat and eggs to schools and kindergartens.

The department would open nine mobile markets to sell goods in nine districts in the city for farmers.

Relevant offices would closely follow the supply and demand of goods and services in Ha Noi, Dong said. The offices would also promote a "market watch", to prevent trade fraud and smuggling, and penalise violations, he said.

Additionally, enterprises that get zero-interest loans under the price stabilisation programme must store goods and expand the distribution system for goods at stabilised prices to avoid escalation, he said.

Dong said that to meet increasing demand on consumption goods for Tet, large companies such as Hapro, Fivimart and BigC, had begun stocking up three months ago.

Deputy Minister of Industry and Trade Ho Thi Kim Thoa said that Ha Noi should attract more production enterprises into the stabilisation programm to create a stable supply.

Last year, a number of enterprises based in Ha Noi that were not eligible to get loans from the programme still kept products at stabilised prices to reduce difficulty for consumers.

In 2011, Ha Noi spent VND560 billion (US$26.8 million) in total from its budget for the programme. The city last year opened 665 outlets selling price stabilised goods, double the number in 2010. The programme also organised six outlets selling price stabilised goods in industrial zones and provided price-stabilised food to canteens at schools and companies with low-income workers. — VNS

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