HCMC – The HCMC Department of Industry and Trade has proposed using the city’s budget to support traders in all traditional wet markets in the city for six months, starting next month, as many of them have closed business due to Covid-19.
Accordingly, the department urged the municipal Department of Planning and Investment to propose the municipal government offer the support depending on the market grade and amounting to half of the maximum stall rentals, the local media reported.
Specifically, traders in 14 grade-1 markets were proposed to be given VND100,000 per square meter of their stalls per month. The amount will be VND70,000 and VND50,000 for traders in 52 grade-2 markets and 168 grade-3 markets, respectively.
The total amount needed was estimated at over VND76 billion.
The support will be offered for traders fulfilling financial obligations to the market management boards and tax obligations to the State in traditional markets invested by both the State budget and private resources.
This is the second time this month the HCMC Department of Industry and Trade has proposed solutions to support traders in markets to overcome the difficulties triggered by the Covid-19 pandemic. On June 8, it suggested supporting traders for three months, from May to August.
Last year, the department also coordinated with the Department of Finance to halve stall rentals for six months, from June to December.