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HCM City to ensure supply of essential goods for ’08
HCM City would try to stabilise prices of essential commodities for the remainder of the year, Nguyen Thi Hong, deputy chairwoman of HCM City People's Committee said.
The city will ask businesses to ensure inventory for the rest of the year and will monitor markets to prevent speculation.
It will also expand retail networks in an aim to deliver goods directly to customers at a reasonable price.
Bui Duy Duc, general director of Vissan Company, said the company would keep prices competitive by regularly reserving 6,000 tonnes of beef, 1,500 tonnes of processed foods and 10,000 tonnes of fruits and vegetables.
The Sai Gon Breeding and Food Processing Company has plans to reserve 1,000 tonnes of rice, 1,900 tonnes of pork, beef and chicken and 500 tonnes of processed food.
It has committed to sell at 10 per cent lower than the market price.
Some commodity prices have increased recently because of price hikes on raw materials, packages, transport and labour costs.
The price of imported powdered milk has increased three times since earlier this year, with at least 5 per cent rises each time.
By July, the price of a 900 gramme can of Gain Advance IQ3 went up to VND300,000 from VND260,000, and the price of Pedia Sure for the same weight rose from VND300,000 to VND330,000.
Dutch Lady brand milk has announced its prices on powdered and fresh milk will rise from tomorrow.
The construction materials market in HCM City in recent months has also seen skyrocketing prices of steel, with a tonne of steel by the end of June selling for VND18 million and VND22 million in July.
Because of price hikes on paper and plastic, school materials this year will go up by 15-20 per cent compared to last year.
Bui Hanh Thu, deputy general director of the Sai Gon Co-op supermarket system, said the price of several essential goods would rise by 5-10 per cent in August.
VNS
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