Nghe An: 100% interest rate support for 5 businesses buying goods to reserve for Tet

Three essential commodities purchased for price stabilization during the 2018 Lunar New Year include: 2,500 tons of ordinary rice, worth 30 billion VND; 100 tons of sticky rice, worth 2.5 billion VND; 1,200,000 liters of cooking oil, worth 36 billion VND.

The period of goods storage is from December 15, 2017 to March 15, 2018. Enterprises can 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, import invoice and the quantity of goods stored in the warehouse within the prescribed period.

Nam Long Company Limited prepares for year-end stabilization of cooking oil. Photo: Thu Huyen

Accordingly, 5 enterprises that received loans to stockpile goods for Tet are: Nam Long Company Limited (14.1 billion VND); Huu Nghi Joint Stock Company (6 billion VND); Nghe An Agricultural Products and Food Company Limited (15.9 billion VND); Thanh Nghe Tinh Food Joint Stock Company (12 billion VND) and Hung Tien Import-Export Company Limited (20.5 billion VND).

Ms. Vo Thi An - Deputy Director of the Department of Industry and Trade said that the Provincial People's Committee assigned the Department of Industry and Trade to preside over and coordinate with the Department of Finance and relevant units to organize inspections of the purchase and storage of the above essential goods at enterprises during the reserve implementation period. Currently, the Industry and Trade sector is strengthening the implementation of 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 units is also assigned the responsibility of creating favorable conditions for enterprises and production households to borrow capital to develop production to serve people during Tet./.