Hanoi offers loans to stabilize prices

The Hanoi municipal People’s Committee has decided to provide local enterprises with non-interest loans worth VND475 billion to buy and stock essential goods as part of its price stabilisation plan for 2011.

Accordingly, local businesses will use the money to buy ten kinds of essential goods, including rice, pork, poultry meat, eggs, sugar, cooking oil, fruit and vegetables, and papers and notebooks for students.

The Hanoi municipal Department for Industry and Trade has asked businesses to focus on serve low-income earners in remote rural areas, as well as in industrial and processing zones. Trade fairs and markets will be held in these areas to help stabilise prices and curb inflation. – VOV

Tags: non-interest loans, Vietnam banking industry, Vietnam finance, Vietnam financial

Posted by VBN on Apr 28 2011. Filed under Banking-Finance. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry