A price stabilization program has been launched to keep prices stable in the coming Tet holiday (Lunar New Year Festival). Businesses involved in this program are storing goods to meet the demand always rising sharply on Tet...
A price stabilization program has been launched to keep prices stable in the coming Tet holiday (Lunar New Year Festival). Businesses involved in this program are storing goods to meet the demand always rising sharply on Tet.
Prices to be stabilized
Meat supply is forecast to be sufficient for Tet holiday when the demand always sees the sharp rise. At present, the province has about 2,400 poultry ones, 88,600 buffalos and 130,700 pigs. Additionally, many supplies of meat will come from other provinces.
To support businesses in price stabilization during the holiday, the provincial People’s Committee has lent 5 businesses VND33.8 billion with 0% in interest rate in three-month term to produce and trade necessary products such as rice, meat, eggs and sugar. This is the fourth time this program has been developed in the province. In 2010, VND7.8 billion was lent 5 businesses. In 2011, the figure rose to VND39.8 billion with 7 businesses.
According to the provincial Department of Industry and Trade, most businesses joining in price stabilization have actively set up capital and sales plans, looked for supplies and stored enough goods to satisfy the high demands during Tet holidays. The program is considered as a tool to keep prices stable effectively as well as ensure goods quality and food safety.
Illustration |
Abundant supply
At present, the businesses are preparing abundant goods.
Ninh Hoa Sugar Joint Stock Company has stored about 2,000 tons of sugar worth VND34 billion, suggested a loan of VND8 billion from price stabilization program and committed to sell VND500 – VND1,500/kg cheaper than market price.
Southern Central Food Joint Stock Company – Khanh Hoa Branch have stored 127 tons of rice for Tet, lending VND800 million from the program. The company has three price stabilization spots in Nha Trang, including
Maximark Nha Trang have lent VND20 billion from the program to prepare more than 2,000 products with 3, 4 fold rise in number, including 32 tons of vegetable, 1 ton of rice and beans, 10 tons of sugar, 80,000 cooking oil bottles, 100 tons of meat, poultry, seafood and processed foodstuff, 30,000 eggs and many others.
Co.opmart Cam Ranh also has abundant supply, including 20.2 tons of sticky rice, 15 tons of sugar, 23,300 liters of cooking oil, 24 tons of meat and poultry and 32 tons of vegetable worth over VND3 billion totally.
Like previous years, these two supermarkets will also bring a number of goods with stabilized prices to remote area such as Khanh Vinh, Khanh Son, Van Ninh and Ninh Hoa.
Khanh Son Trade and
An inspection associated between the provincial Department of Finance and the provincial Department of Industry and Trade will control sales in price stabilization spots.
T.T