HCM City announces 2016 price stabilisation program

09:37 | 24/03/2016 Society

Ho Chi Minh City’s Department of Industry and Trade on March 22 announced this year’s stabilisation program.

HCM City announces 2016 price stabilisation program

People shop at a Coopmart retail store in Ho Chi Minh City (Photo: VNA)

This year’s programme, lasting until the 2017 Lunar New Year holidays, will focus on four groups of goods, including essential foods and foodstuff, schooling materials, medicines and dairy products, according to Pham Thanh Kien, Director of the Department.

He said 86 companies had registered to take part in the programme, adding that the total amount of goods under the programme will increase about 15-35 percent against last year.

Ten commercial banks will join the plan with a registered capital of 12.9 trillion VND (560 million USD), Kien said.

The lenders will earmark the capital for short-term loans at 5-8 percent per year and for middle and long-term loans at 8.5-9 percent, he noted./.


Source: VNA

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