Provincial People’s Committee has just announced its price stabilization program for essential commodities (excluding petrol and oil) from now till Dec.31, 2012  with a total fund of VND608.45bln.

Accordingly, 7 units participating in the program, namely Vinatex, Co.opMart, Citimart, Thanh Le General Import Export Trading Corporation, Becamex Pharmaceutical Joint Stock Company and 7 drug stores at district-level hospitals, Binh Duong General Cultural Joint Stock Company and Binh Duong Book and Education Equipment Joint Stock Company, will get interest-free loan worth VND123.79bln. Some other units will also take part in the program, but do not receive the preferential loan, including Metro Cash & Carry, Song Be Petrol and Oil Company and poultry egg trading facilities.

The program will provide price stabilization for sugar, cooking oil, meat, poultry, egg, processed food, vegetables, and seafood…Participating units must always ensure that the prices of commodities under the program are 10%-15% lower than the market price during the program.

Reported by Truc Quynh-Translated by K.T