HCM City striving to maintain stable prices of staple food until end of March
Ho Chi Minh City will keep prices of staple food and foodstuff stable until the end of March, said Nguyen Nguyen Phuong, Deputy Director of the municipal Department of Industry and Trade at a meeting on March 14.
Ho Chi Minh City will keep prices of staple food and foodstuff stable until the end of March. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City will keep pricesof staple food and foodstuff stable until the end of March, said Nguyen NguyenPhuong, Deputy Director of the municipal Department of Industry and Trade at a meeting on March 14.
The regular meeting was held by the city’s steeringcommittee on COVID-19 prevention and control, and economic recovery.
Production costs are on a rise on account of increasingprices of packaging, fuel and inputs, so HCM City is highly likely to see pricesof many staple goods surging in the coming time, he said.
Illustrative photo. (Source: VNA)
The southern hub is maintaining its market stablisationprogramme for staple food and foodstuff, some of which make up 30-50 percentof the market share, he noted, adding that firms have also committed tostablising prices one month before and after the Tet (Lunar New Year) holiday.
Phuong anticipated that in April, many enterprises maypropose raising prices based on proof of higher input costs. The Departmentof Industry and Trade may have to revise the prices up, but it will also advisethe municipal People’s Committee on possible aid to be provided for the firms so as tohelp them address rising input costs, the official explained./.
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Ho Chi Minh City will keep prices of staple food and foodstuff stable until the end of March. (Photo: VNA)
Illustrative photo. (Source: VNA) 
