Tran Vinh Tuyen, Vice Chairman of the municipal People’s Committee, has signed a decision on a plan to carry out this year’s program, which will last until March 31, 2021.

The list of essential products include foodstuff such as rice, noodles and vermicelli, as well as sugar, cooking oil, eggs, meat, vegetable and seasonings.

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Face masks and hand sanitisers have been added to this year’s price-stabilisation program in HCM City to ensure stable supply during the COVID-19 period.

The stabilised essential goods normally account for around 25-30 percent of total market demand, and up to 40 percent during Tet months.

During the COVID-19 pandemic period, these goods are accounting for 35-50 percent of market demand.

The city will ensure stabilised supply of 57.5 million face masks and 3.29 million of hand sanitiser bottles (1.2 million litres) for the next three months.

Businesses in the stabilisation program have to register prices of their stabilised goods with the Department of Finance. Prices of stabilised goods are 5-10 percent lower than the market price.

Manufacturers and distributors have been increasing their supply of face masks.

Source: VNA