Program on market stability in readiness of capital and goods

Implementing Resolution 11/NQ-CP and the provincial People’s Committee’s action plan on main measures of inflation control and macro-economic stability and social welfare assurance, businesses participating in a program on market stability show their determination of investment and stability of commodity with the best price. However, market has many changes, making businesses face difficulties.

  items for the new school year with stable prices.

Based on survey at some supermarkets, display of goods with stabilized prices is implemented well. At Citimart Binh Duong, 9 groups of essential goods are displayed at the most convenient areas. According to the supermarket manager Nguyen Huu Khanh, the supermarket worked with partners to reserve goods and strengthen promotion to ensure the best price for shoppers. The supermarket enjoyed a VND15bil loan from the local program on price stability.

In July, the supermarket holds goods selling journeys at 3 communes of An Binh, Phuoc Sang and Tam Lap in Phu Giao district. “The supermarket is in preparation for commodity in serve for Tet holiday 2012. With assistance from the State, we hope that there will no negative changes of price”.

Meanwhile, Vinatex Binh Duong has early launched a program on price stability on the new school year 2011. Vinatex has been in initiative to seek goods with the best prices, said Vinatex Binh Duong director Doan Thanh Phuong.

In addition, Binh Duong Book and Education Equipment JSC has launched a discount program for students. The company has held 8 goods selling locations across Ben Cat, Tan Uyen, Phu Giao and Dau Tieng district.

At present, businesses participating in the program like Co.op Mart Binh Duong, Becamex Pharma Company… have actively assured goods sources to meet local customers’ demand. The businesses have planned to bring goods to customers in remote and rural areas.

Ho Van Binh, head of trade management department under the provincial Trade and Industry Department, said the province has disbursed nearly VND15bil in preferential loans for businesses, reaching 13% of its plan, the remaining loans will be disbursed till the end of 1st quarter of 2012.

Binh stressed that the program on market stability will be a tool for the province to curb price hike. The non-interest loans have contributed to surge healthy competition for businesses.

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