Vice Chairman of the Hanoi People's Committee Nguyen Manh Quyen has just issued a plan on implementing a price stabilization program for essential commodities in the capital city in 2022.

The essential goods in the plan include food (rice, noodles, dry noodle), cattle meat, poultry, seafood, poultry eggs, processed foods, fresh vegetables and fruits, sugar, cooking oil, spices (fish sauce, soup powder), milk, confectionery, wine, beer, soft drinks and others whose prices will be regulated in case of natural disasters and epidemics.

Consumers buy goods in a price stabilization program at supermarkets. Photo: The Hanoi Times

Goods in the program must ensure quality, food safety, clear origin, and be in high demand by consumers.

Under the plan, Hanoi encourages businesses to boost investment and diversify distribution networks to ensure that the goods in the program reach consumers smoothly.

Besides, the capital city will create conditions for production and business establishments/units participating in the program to access preferential loans.

The participating units of the program will be entitled to loans with preferential interest rates for stockpiling goods. Priority is also given to supplies for the kitchens of schools and hospitals in the city.

Hanoi also requires units to promote online sales and diversify stocked goods to stabilize the market and effectively promote the "Vietnamese Buy Vietnamese Products" campaign, thus helping to prevent prices from rising, controlling inflation, and boosting production and business.

The Hanoi People's Committee and other departments will provide forecasts on the market situation and report on the prices of agricultural products on a monthly or seasonal basis.

Moreover, Hanoi will strengthen cooperation with other provinces and cities in investment activities and trade connections to ensure the supply to the capital city.

The plan will be implemented from now until the end of May 2023, contributing to ensuring the balance of goods supply and demand, stabilizing the market of essential commodities during the rainy season, holidays, and the last months of 2022, and a possible outbreak of epidemic.