Capital comes to businesses
To bring a warm and prosperous Tet holiday for local people, the provincial People’s Committee issued the Plan No.729/SCT-QLTM dated Sept. 5,2012 on price stability before, during and after Tet 2013.
Accordingly, essential items such as processing and fresh foodstuff, rice, sugar, cooking oil, beverage, confectionery and so on have been listed in the price stability program with the total value of up to VND504.8bil. Petrol item alone, the provincial People’s Committee asked Thanh Le Trade-Import-Export Company and Song Be Petroleum Company to supply adequately petroleum for all local petroleum system with the total value of VND1,878.6bil.
Businesses participating in the program have enjoyed non-interest loans. Allocation of the preferential capital source has been depended on quantity and capacity of businesses and priorities have been given to retailers. For instance, Don Hung Trade-Service Co.Ltd. (Citimart) has enjoyed a VND20bil loan; Sai Gon – Binh Duong Trade-Service Co.Ltd. (Co.opMart) VND14.45bil; Vietnam Fashion One-member Co.Ltd (Vinatex) VND20bil; Thu Dau Mot Trade-Service and Investment JSC VND7.7bil.
Phan Van Chien, vice director of the provincial Investment and Development Fund said that under assignment of the local Finance Department, until now the Fund has disbursed nearly 80% of its plan, supermarkets have received preferential capital sources to reserve commodities in service for customers in the upcoming Tet holiday.
Tran Hoang Kim Quy from Vinatex and Vo Ngoc Anh from Citimart said that this year’s disbursement of capital sources has been implemented rapidly, so businesses have timely imported commodities to cater for Tet market.
Especially, some businesses have still attached to the program though they have not enjoyed preferential loans. Typically, Thanh Le Trade-Import&Export Co.Ltd., Metro Cash&carry, Big C Binh Duong, Binh Duong Trade-Tourism JSC, Pham Ton Co.Ltd. have registered to join in the price stability program for Tet market.
Inspections spurred
Aside from trading products with stabilized prices at supermarkets, businesses have set out plans to distribute their products through mobile goods selling programs to cater for rural laborers and workers working at industrial compounds.
Apart from business locations at traditional markets, People’s Committees across localities have arranged more trading areas to ensure local people’s demand on shopping for Tet holiday.
Besides, the provincial department of Trade and Industry has set out plans to cooperate with mass media to promulgate widely the price stability program to customers across localities.
To reach balance on goods supply and demand for essential items and minimize scarcity of commodities, the local Department of Trade and Industry in cooperation with functional agencies has paid inspections on price listing to prevent violations as well as spurred surveillance on capital usage of companies.
Along with inspections from the functional agencies, customers should spur supervision for their rights and interests. As such, customers should inform violations to functional agencies timely.
Reported by B.Anh – Translated by A.C
