Hanoi’s price-stabilisation programme meets only 10% of consumer demand, said Deputy Director of Department of Industry and Trade Nguyen Van Dong.

The Hanoi People’s Committee has asked enterprises to raise the amount of price-stabilised products so that they can satisfy 20% of demand

Hanoi has spent VND475 billion (USD23.05 million) to help local businesses to stockpile 10 groups of essential products for the programme, but these products only meet 10% of local demand, Dong added.

The municipal People’s Committee has asked enterprises to raise the amount of price-stabilised products so that they can satisfy 20% of demand.

According to the deputy director, the city consumes some 65,000 tonnes of rice, 10,000 tonnes of pork and 3,500 tonnes of poultry meat.

To date, 11 companies in the city have joined the price-stabilisation programme. Hanoi currently has 561 price-stabilisation shops and plans to raise the number to 654 in the second phase of the programme, focusing on customers in residential areas, industrial zones and universities.

The city will tighten monitoring of those companies taking part in the programme