December 16, 2011
Vietnam authorities have asked four dairy firms to explain their price increases after some products were raised up to 18 percent. The companies will be subject to legal responsibility if their increases are found irrelevant to input costs, the Finance Ministry said in a statement December 9. Early this month, Mead Johnson, Nestle Vietnam, Tien Tien [...]
Tags: costs, Dairy, Dairy Firms, firms, increases, Mead Johnson, Of The Increases, percent, price, Price Increases, prices, products, retailers, The Firms, The Increases, Vietnam
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January 3, 2011
EuroCham said milk prices in Vietnam are still low The European Chamber of Commerce in Vietnam (EuroCham) has said imported milk products in Vietnam are the cheapest in Asia, a finding that completely goes against what local authorities have said earlier. EuroCham said it found prices of high-end milk powder imports in Vietnam this year [...]
Tags: Authorities, Dairy, Dairy Prices, Eurocham, In Vietnam Are, Local, Local Authorities, Milk Prices, Milk products, prices, products, The ministry, Vietnam
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December 8, 2010
Milk prices in Vietnam are much higher than neighboring countries, but foreign companies are crying foul at stabilization measures. Vietnam does not violate its World Trade Organization commitments in taking measures to keep prices stable, Deputy Finance Minister Tran Xuan Ha has said. He said it was necessary to issue Circular 122, which allows local authorities to impose [...]
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February 4, 2010
After five years of operation, the Vietnam-Belgium Dairy project has brought about a 42% increase in milk production and a 100% increase in the prices . . . “Rather than trying to increase the number of cows by providing loans to the farmers, we decided to help farmers get more milk out of each cow”.Raf [...]
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January 14, 2010
The Finance Ministry has ordered concerned agencies to take necessary steps to contain milk prices nationwide and punish those responsible for undue escalations. The order comes after some distributors raised prices despite a government policy to stabilize the market for the Tet (Lunar New Year) season.In a note sent to city and provincial governments, the [...]
Tags: agencies, City And Provincial, Contain Milk, Contain Milk Prices, Dairy, Dairy Firms, finance, Finance Ministry, Formula Milk, market, Milk Prices, ministry, percent, price, prices, The ministry, The price, The tet, Their Prices
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January 11, 2010
LookAtVietnam – If advertising expenses are capped at 10 percent, dairy products’ prices would decrease sharply – up to 30 percent. Tuan, in an interview given to Tien Phong newspaper, observed that some dairy producers reported losses of tens of billions of dong, but still paid nearly one hundred billion dong on advertisements and sales [...]
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January 10, 2010
Milk prices slide, farmers see losses; Overseas remittances down 12.8%, says State Bank; Hanoi to host int’l trade, investment fair; Businesses optimistic about economic development in 2010; Coffee exports hit record high Milk prices slide, farmers see losses Dairy farmers in Ho Chi Minh City’s Cu Chi District January 8 said they have been forced [...]
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January 9, 2010
Vietnamâs baby formula market was worth VND8 trillion ($421.1 million) in 2008 Many dairy companies have hiked up the prices of infant formula in the new year citing the weaker dong and higher wages, but the government said their huge marketing costs are, in fact, inflating prices. Mead Johnson, Abbott, and Dutch Lady prices are [...]
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December 28, 2009
LookAtVietnam – Dairy farmers must sell their milk cows because they cannot withstand higher production costs and lower milk prices any longer. Those who have lived on dairy farming for the last 10 years have reported that while selling milk cows means that they lose their families’ income, they have no other choice. They have [...]
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December 27, 2009
Milk producers said they did not spend a lot of money on advertising and marketing and then pass on the costs to consumers, rejecting findings of a recent inspection by the Finance Ministry. The ministry announced December 22 that it found dairy companies spending too much on promotion, pushing retail prices up. According to the [...]
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