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Interest-free loans to help stabilise HCM City prices
Enterprises participating in HCM City's price stabilisation programmes will be given access to interest- free-12-month loans without collateral, the municipal People's Committee has said.
The policy is one of the new measures that the city administration has just approved to increase the effectiveness of its price stabilisation programme.
It aimed to create more favourable conditions for participants in the programme to boost their business, and also encourage more enterprises to take part in it, said Deputy Chairwoman of the People's Committee Nguyen Thi Hong.
She said the policy was also expected to widen the range of commodities under the programme and bring more benefits to needy city residents.
Priority would be given to enterprises involved in production, Hong said.
In another effort to provide inflation succour, the municipal administration has decided to include made-in-Viet Nam medicines in the list of commodities eligible to benefit from the price stabilisation programme.
The new policies would take effect on April 1, Hong said.
She acknowledged that the recent increase in input costs for several commodities might prompt firms involved in the price stabilisation programme to request an increase in their selling prices.
However, the city government would have to consider these proposals carefully before granting approval, she added.
The city's Department of Finance has been asked to closely monitor participating firms to prevent the possibility of them colluding to increase prices.
The department has already set up a team to collect price-related information from wholesale and retail markets as well as a few participating shops to detect at an early date any violation of the programme's pricing regulations.
However, Hong also said that implementation of the price stabilisation programme was always based on the principle of sharing difficulties as well as benefits among enterprises, the State and consumers.
Le Ngoc Dao, Deputy Director of the Department of Industry and Trade, said the agency had already submitted a plan to the city administration that sought to expand the distribution network for goods under the price stabilisation programme to include more traditional markets, particularly those in the city's industrial zones and suburban areas. This would enable more city residents to benefit from the programme, she said.
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