HCM City announces 2016 price stabilisation programme
Ho Chi Minh City’s Department of Industry and Trade on March 22 announced this year’s stabilisation programme.
People shop at a Coopmart retail store in Ho Chi Minh City (Photo: VNA)HCM City (VNA) – Ho Chi Minh City’s Department of Industry and Trade on March 22 announced this year’s stabilisation programme.
This year’s programme, lasting until the 2017 Lunar New Year holidays, will focus on four groups of goods, including essential foods and foodstuff, schooling materials, medicines and dairy products, according to Pham Thanh Kien, Director of the Department.
He said 86 companies had registered to take part in the programme, adding that the total amount of goods under the programme will increase about 15-35 percent against last year.
Ten commercial banks will join the plan with a registered capital of 12.9 trillion VND (560 million USD), Kien said.
The lenders will earmark the capital for short-term loans at 5-8 percent per year and for middle and long-term loans at 8.5-9 percent, he noted.-VNA
You should also see
Energy industry needs nearly 5 trillion VND of investment in 2021-2030
The total investment capital demand for the whole energy sector in the 2021-2030 period is between 4.13-4.8 trillion VND (163.01-189.46 million USD), according to a plan to implement the National Power Planning in the 2021-2030 period with a vision to 2050.
See more
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
Business
Cam Lam - Vinh Hao Expressway to help drive south-central region's economy
The 78.5km Cam Lam - Vinh Hao Expressway, one of the three sub-projects of the North - South Expressway project’s eastern wing, officially opened to traffic on April 26.
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
