Ho Chi Minh City will increase supply of eight staple goods by 20-30 percent until late 2010 to stabilize their prices, said Le Ngoc Dao, deputy head of the city Industry and Trade Department.
She made the statement at a meeting on October 14 to review a price stabilization program in the city.
The price-stabilized goods include rice, sugar, cooking oil, pork, poultry, poultry eggs, fruits and vegetables, and processed foods.
The department has asked producers and enterprises to prepare the goods basing on monthly consumption.
According to enterprises, preparations have been well under way, and there will not be any hike in prices of pork, poultry and poultry eggs due to supply shortage.
After four months of being launched, the price stabilization program has proved effective as it helped to reduce the city’s consumer price index in the past few months.
Though prices of many goods went up in September, prices of the eight price-stabilized goods remained unchanged and were 10 percent lower than market prices.
