Speaking at a review seminar on the 2014 program and plans for 2015 Tuesday, Le Ngoc Dao, deputy director of the HCMC Department of Industry and Trade, said 85 enterprises will join this year’s program, or nine firms more than last year.
They include 11 credit institutions, 40 food and foodstuff companies, 16 enterprises serving the new school-year season, four dairy firms and 14 others for the medicine program.
This is the third year the program has been in place, using private capital sources. Local banks have pledged to provide loans of nearly VND11.9 trillion, up over VND3.5 trillion against 2014. Lending rates will be cut by 0.5 to two percentage points.
The city will launch four credit packages, including VND6.1 trillion worth of short-term loans for enterprises to supplement working capital at annual lending rates of 5-6%, down one to two percentage points versus last year, and VND2.75 trillion for enterprises outside the program to help them supply materials to participating producers.
Enterprises will also take out VND2.1 trillion worth of medium- and long-term loans to upgrade production facilities at lending rates from 7-10% per annum. The remaining VND900 billion will go to companies in need of funding to boost exports with lending rates at 2-4% per annum.
Besides, Sacombank has registered a VND1.5-trillion credit package to support small traders at traditional markets. The bank will also cooperate with the department to launch sales person training courses for enterprises and traders.
Dao said the city will expand the sales network this year, focusing on worker and student dormitories and the kitchens at schools. Enterprises will also pilot e-commerce application at sales points.
The department will speed up cooperation with neighboring areas in supply-demand connection, training and information exchange. Enterprises will also receive support to speed up exports.
HCMC vice chairwoman Nguyen Thi Hong asked the department to extend the market stabilization program to industrial parks and export processing zones, and residential areas to benefit more consumers.
The program will run from on April 2 to March 31, 2016.
In last year’s program, enterprises supplied more goods to the market with prices being 5-15% lower than market levels. Goods supplies increased by 10.4-35%.
Ending 2014, the city had developed over 8,960 sales points under the program.
Đăng ký: VietNam News