The People's Committee of Hanoi has decided to advance 94 billion VND
(4.5 million USD) from the city financial reserve fund for the third
phase of price stabilisation of essential goods after Tet (lunar new
year).
Five enterprises received capital with a zero
percent interest rate, including 54 billion VND (2.6 million USD) for
the Hanoi Trading Corporation, and 10 billion VND (476,200 USD) for each
of Lan Chi Business Ltd Company, Vinh Anh Food Technology Ltd Company
and Minh Hien Ltd Company. The enterprises must pay off the capital by
April.
The committee asked the enterprises to stock
essential goods to stabilise prices on the city market, such as rice,
pork, chicken, beef, seafood, cooking oil, and vegetable.
Since June 2011, the city has twice advanced 465.5 billion VND (22.2
million USD) for 15 enterprises to stockpile essential goods and sell
them at 665 shops in the city.
After Tet, prices of food and vegetable have been reduced to normal rates, said the Ministry of Industry and Trade.
The ministry said that the domestic market demands in the days after
Tet holidays focused on vegetable, fresh food and goods for traditional
festivals. Prices of those goods stood at high rates for the first few
days after Tet but now, they have fallen due to a higher supply.
In Hanoi , prices of vegetable are back to normal rates, including
6,000 VND per bundle of water dropwort, 10,000 VND per kilo of cabbage
and 7,000 VND per kilo of Chinese cabbage.
But the prices
of some food still stand high. Prices have increased by 20-30 percent
compared to normal, now reaching 120,000-150,000 VND per kilo of pork,
240,000-250,000 VND per kilo of beef, 70,000-100,000 VND per kilo of
fish and 400,000 VND for a kilo of shrimp.
The price of
vegetables fell after Tet because of the high and stable supply,
according to traders at markets in Hanoi . Favourable weather and
control of disease have helped farmers promote poultry and cattle
development so a shortage of food supply has not happened. /.
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