7 businesses receive interest support for reserving goods for Tet

(Baonghean.vn) - On December 8, the Provincial People's Committee issued an official dispatch agreeing to the Department of Industry and Trade's request to support bank loan interest rates to purchase 3 reserve goods to serve the 2017 Lunar New Year.

Three specific essential goods include: 2,060 tons of rice worth 25 billion VND; 120 tons of sticky rice worth 2.5 billion VND and 900,000 liters of cooking oil worth 30 billion VND.

Cooking oil is an essential commodity with the largest interest rate support during this year's Tet holiday. Photo courtesy

The storage period is 3 months, from December 15, 2016 to March 15, 2017. Enterprises that borrow capital from banks to purchase and store the delivered goods, the province will support 100% of the bank loan interest rate based on the loan contract, debt acknowledgment contract, receipt of goods and the quantity of stored goods stored within the prescribed time.

7 enterprises are supported with interest rates for reserving essential goods for the Lunar New Year including: Nam Long Trading Company Limited, Huu Nghi Joint Stock Company, Nghe An Agricultural and Food Products Company Limited, Duc Thanh Trading and Service Company Limited, Thanh Sang Food Import-Export Joint Stock Company, Nhat Minh Tam Company Limited and Hung Tien Company Limited.

Currently, the industry and trade sector is implementing market control measures to minimize speculation, hoarding, and price gouging.

Ms. Vo Thi An - Deputy Director of the Department of Industry and Trade said that the industry and trade sector is currently strengthening market surveillance, implementing measures to control the distribution and purchase of agricultural products and essential foods, minimizing acts of market disruption, speculation, hoarding, and price increases. In addition, the system of credit institutions is also assigned the responsibility of creating favorable conditions for businesses and production households to borrow capital to develop production to serve people during Tet./.

Viet Phuong