ASEAN KEY DESTINATIONS
Plea to control prices in Hanoi
Thao asked the People's Committees and corporations of the city to encourage enterprises and household businesses to produce economically and increase the supply of goods and services to prevent unreasonable price hikes designed to take advantage of market fluctuations, disaster and disease.
The cost of products such as food, foodstuffs and medicine must be strictly controlled, said Thao.
Financial and market management departments will have to keep track of prices, supply and demand, conformity to pricing regulations, and punish those who speculate and join hands to create a monopoly to make illegal profits.
The Industry and Trade Department is responsible for controlling the market, preventing and punishing those who sell fake, banned and low-quality goods in line with the Government's regulations on administrative punishment on trade activities. The Department of Finance must advise the municipal People's Committee on the financial and monetary measures necessary to stabilise prices and on how to use the local budget economically and efficiently.
Thao also asked the Department of Agriculture and Rural Department to make plans for the prevention of the spread of cattle and poultry diseases while asking the Department of Health to increase examinations and control the cost of medicine.
The State Bank of Viet Nam's Ha Noi branch was required to instruct local commercial banks to create conditions for organisations and individuals to access loans to expand production and develop their businesses.
Producers and distributors of several essential goods who have signed up for HCM City's price stabilisation programme have increased production and supply.
The items are rice, sugar, cooking oil, meat, poultry, eggs, fruits and vegetables, and processed goods and 13 businesses have promised to supply them at prices that are at least 10 per cent lower than market prices from now until Tet (Lunar New Year) next February. Food company Vissan has 100,000 frozen pigs in stock and another 5,000 tonnes of meat which are thought to be enough to meet demand until Tet.
Besides buying pigs from farmers, the company is also raising 40,000 heads.
"The costs of cattle feed and others are rising unexpectedly but the company has foreseen it and can cope with the situation, and will sell the goods at promised prices," Van Duc Muoi, general director of Vissan, said.
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