3:07:30 PM | 12/5/2011
The Hanoi People’s Committee has approved measures to stabilise prices of essential goods in the city for 2011. There will be 10 commodity groups which are in need of stabilisation this year.
Under the approval, the ten commodity groups are rice, pork, chicken and duck meat, chicken and duck eggs, food made from meat, fresh and frozen seafood, cooking oil, refined sugar, fresh vegetables and notebook and paper.
To ensure consumption demand and keep the volume of goods at a stable level, the city will advance VND 475 billion for enterprises to stockpile and sell goods for price stabilisation purposes in 2011.
The city People’s Committee said the advanced capital only covers 10% of the total demand of the commodity groups. For this, the city asked enterprises to increase stockpiles of the commodity groups by an extra 10% in order to ensure that the stockpiled goods meet 20% of the demand of the city’s consumption.
The duration for the price stabilisation is from May, 2011 to April, 2012. Specifically, prices of paper and notebook will be stabilised from June to October, 2011.
In 2010, Hanoi used VND 400 billion from the city’s budget to forward advances to enterprises to ensure demand and supply and stabilise prices of nine essential goods. A network of 400 designated sale locations is spread around the city.
CPV
Vietnamese
