Hanoi advances VND 94 billion for price stabilisation

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Hanoi Times English - 36 month(s) ago 2 readings

The Hanoitimes - The Hanoi People’s Committee has decided to go ahead with the third phase of advancing capital to five businesses stockpiling commodities and stabilising prices of essential commodity groups after the Lunar New Year 2012.

The Hanoitimes - The Hanoi People’s Committee has decided to go ahead with the third phase of advancing capital to five businesses stockpiling commodities and stabilising prices of essential commodity groups after the Lunar New Year 2012.


Accordingly, the city’s finance reserve fund will allocate VND 94 billion for five businesses, including Hanoi Trade Corporation (Hapro) with VND 54 billion, and Northern Food Corporation, Lan Chi Business Limited Company, Vinh Anh Food Technology Limited Company and Minh Hien Limited Company with VND 10 billion each.


The capital advance will last through April 2012 with an interest rate of 0 percent. The essential goods for price stabilisation are rice, pork, chicken, seafood and aquatic products, cooking oil, vegetables and eggs.


In 2011, the city people’s committee spent VND 475 billion carrying out a price stabilisation programme for essential goods. Compared to the previous year, the capital increased the amount by VND 75 billion.


In the first phase, the city people’s committee advanced VND 319.5 billion for 11 businesses, while capital advanced for the second phase was VND 155.5 billion.

KTDT

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