HCM City earmarks VND5.6 trillion for market stabilisation Local businesses have spent nearly VND5.6 trillion stockpiling goods to meet consumer demand during the upcoming lunar New Year festival (Tet). The Municipal Department of Industry and Trade on December 10 reported that businesses have made plans since April 2011 to ensure a sufficient supply of diverse and high quality essentials, including food and foodstuffs, at reasonable prices. Suppliers are those taking part in the city’s ongoing programme to stabilize market prices, said a department official. The city will monitor price listings at more than 2,500 kiosks to keep market prices in check and nip in the bud any market manipulation. We will collaborate with market management forces in districts to intensify inspection at kiosks and spring trade fairs, said Le Ngoc Dao, deputy director of the department. The Saigon Co-op chain and convenience stores will provide services in the evening later than usual and they will be open on the second day of the Tet festival to serve consumers. Businesses said prices of confectionaries and beverages are 15-20 percent lower than imported products of the same types. The Tet festival will fall on January 22, 2011. Banks Association holds fifth tenure… Read full this story
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