Hanoi begins $15.5 mln price stabilization scheme
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Hanoi will lend US$15.5 million this month to 11 distributors and importers of 10 essential goods at zero interest to keep prices stable.
The items covered are rice, pork, poultry, egg, fish, other seafood, cooking oil, sugar, vegetables, and writing paper.
Beneficiaries should keep the prices of their products at least 10 percent below market prices.
They will also have to maintain enough stocks to meet 20 percent of the total demand and ensure high quality.
The program will go on until April 2012 and be overseen by the Department of Trade.
Ho Chi Minh City launched a similar scheme in April, and it will last until March next year.
It provided $20.5 million to 22 processors and importers of the same 10 items.
The items covered are rice, pork, poultry, egg, fish, other seafood, cooking oil, sugar, vegetables, and writing paper.
Beneficiaries should keep the prices of their products at least 10 percent below market prices.
They will also have to maintain enough stocks to meet 20 percent of the total demand and ensure high quality.
The program will go on until April 2012 and be overseen by the Department of Trade.
Ho Chi Minh City launched a similar scheme in April, and it will last until March next year.
It provided $20.5 million to 22 processors and importers of the same 10 items.
