HCM City announces 2016 price stabilisation programme

This year’s programme, lasting until the 2017 Lunar New Year holidays, will focus on four groups of goods, including essential foods and foodstuff, schooling materials, medicines and dairy products, according to Pham Thanh Kien, Director of the Department.

He said 86 companies had registered to take part in the programme, adding that the total amount of goods under the programme will increase about 15-35% against last year.

Ten commercial banks will join the plan with a registered capital of VND12.9 trillion (US$560 million), Kien said.

The lenders will earmark the capital for short-term loans at 5-8% per year and for middle and long-term loans at 8.5-9%, he noted.