Photo: businessinasia

Ho Chi Minh City is taking measures to stabilize the local economy from now until the 2011 Lunar New Year festival.

Nguyen Thi Hong, Vice President of the municipal People’s Committee, said local authorities are directing departments and sectors to ensure sufficient high-quality and hygienic goods with reasonable prices.

They are also active in fighting counterfeit and poor-quality goods.

The city’s department of industry and trade will focus on monitoring the happenings of the market, especially at supermarkets, trade centres and major markets.

Meanwhile, the finance department will heighten supervision of the market and appraisal of prices and take action against any speculation attempts.

The municipal police will also join other forces to crack down on those violating state regulations on pricing, market, banking and securities.

Source: VOV