HN advances US$4.5 mln on price stabilization
VGP – The Hà Nội Municipal People's Committee has decided to advance VND94 billion (US$4.5 million from the city financial reserve fund for the third phase of price stabilization of essential goods after the Lunar New Year Festival.
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Five enterprises received the capital with a zero percent interest rate. Accordingly the Hà Nội Trading Corporation got VND54 billion (US$2.6 million); Lan Chi Business Ltd Company, Vinh Anh Food Technology Ltd Company and Minh Hiền Ltd Company will receive VND10 billion VND (US$476,200) for each. The enterprises must pay off the capital by April.
The four enterprises have to to stock essential goods to stabilize prices on the city market, such as rice, pork, chicken, beef, seafood, cooking oil, and vegetable.
Since June 2011, the city has advanced a total of VND465.5 billion (US$22.2 million) for 15 enterprises to stockpile essential goods and sell them at 665 shops in the city.
After Tết, prices of some food were still high in Hà Nội, surging by 20-30% against normal time./.
