Bac Ninh stabilizes market during Lunar New Year 2023

Friday, 06/01/2023 16:29
The Bac Ninh provincial People’s Committee has just approved 5 groups of products: poultry eggs, pork, poultry meat, processed foods, and jams and confectionary of all kinds to be price stabilized on the occasion of the Lunar New Year of the Rabbit in 2023 with funding of 60 billion VND, advanced from the provincial budget.
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Consumers should choose to buy items with full labels and origins at reputable and large business establishments. (Photo: VOV) 

The funding is offered with 0% interest rate for 4 enterprises, namely Dabaco Vietnam Group Joint Stock Company with VND 25 billion, Truong Giang Co., Ltd. Investment with 21 billion VND, Huy Hung Supermarket Joint Stock Company with 9 billion VND, Vinh Giang Investment and Trading Joint Stock Company with 5 billion VND.

These enterprises must meet about 10% of the consumption needs of the 5 groups of essential products.

The selling price of the essential goods must always be lower than the selling price of items of the same type and quality on the market by at least 5%. The price stabilization program is being implemented from January 1 to June 30, 2023.

Aiming to prepare for Tet, the authorities in Bac Ninh have also strengthened their understanding of the situation, checked and controlled regularly at warehouses, goods gathering points, commercial centers, supermarkets, and wholesale markets. They also apply information technology in sanctioning administrative violations and detecting and handling acts of trading in smuggled goods, counterfeit goods and goods infringing upon intellectual property rights through social networks and other ecommercial platforms./.

BTA

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