HN to spend VND 500 bil. on stabilizing market prices in 2010
VGP – Hà Nội will use VND 500 billion (US $26 million) from the local budget to stabilize prices of prime commodities and rein in inflation.
The Hà Nội Municipal People’s Committee recently agreed to provide local
enterprises with VND 500 billion for goods reserve.
In 2010, Hà Nội will strengthen market
management and control in shopping malls, supermarkets and markets –
Illustration photo
The city’s Department of Industry and Trade, in
collaboration with the Department of Finance, was assigned to set up options
for the disbursement.
Local competent agencies were urged to strengthen market
investigation and control, manage market prices and punish those who violate
price regulations.
Earlier, the Hồ Chí Minh Municipal People’s
Committee announced a plan to spend VND 900 billion (US $47 million) to stabilize
prices of eight essential commodities.
So
far, the two biggest economic hubs have launched price stabilization programs
in line with the Government’s policy on inflation curbing./.
