July 10, 2011
Industry stakeholders grapple with falling production, higher costs and low prices Farmers harvest tra fish in the Mekong Delta. A shortage of the fish is expected to recur next month. As many as 147 firms have stopped seafood processing and export to pursue other kinds of business since the beginning of this year, pushed [...]
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April 7, 2011
A worker at a garment factory in Ho Chi Minh City’s District 8. Many garment firms have raised salaries in order to retain workers. An increase in orders and higher export prices have helped garment makers offer better salaries and working conditions, but the sector’s labor shortage shows no sign of easing. Many garment firms [...]
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January 28, 2010
LookAtVietnam – Though DAV has prohibited pharmaceuticals producers and drugstores to raise prices, consumers’ medicine costs have been quietly escalating. The latest survey conducted from December 20, 2009 to January 20, 2010 by the Vietnam Pharmaceutical Manufacturer Association (VPMA) showed that 32 foreign-made medicines out of 5,760 surveyed products (0.55 percent) have increased in price [...]
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January 27, 2010
LookAtVietnam – Two clear patterns are being seen – traditional market prices are going up, as supermarket prices go down. Prices of processed food, on January 25, increased by 10,000-50,000 dong at traditional markets, although it was not the highest peak of the Tet sale season. Pork pies, for example, a traditional favorite food for [...]
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December 29, 2009
LookAtVietnam – Car imports made a record $1.17 billion in 2009, notable because it comes in a year of economic downturn. According to the General Statistics Office (GSO) under the Ministry of Planning and Investment, Vietnam imported 76,300 completely built unit (CBU) cars in 2009, worth $1.171 billion, the highest-ever auto import turnover in history. The [...]
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December 7, 2009
LookAtVietnam – Domestic dairy producers have raised prices in response to higher material prices. Foreign dairy products are expected to follow the move soon. Mai Ly from HCM City said that she immediately used her November salary to buy four Gain brand milk powder boxes, because she heard that dairy prices would increase. Domestic dairy producers [...]
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December 7, 2009
Domestic food traders and retailers have pledged to stabilize rice prices in the country in the rest of the year . . . Rice prices in HCMC have also inched up by 10% to 20% in recent days.Co.opMark supermarket chains on Tuesday issued an announcement reassuring consumers that it would maintain rice prices unchanged till [...]
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November 30, 2009
LookAtVietnam – Export companies are delighted by the new decision by the State Bank of Vietnam to adjust the dong/dollar rate. The weaker dong means bigger profits. Ben Tre Seafood Import-Export Company (ABT) calculated that the company will make 800 dong in profit for every dollar’s worth of exports. They expect to operate well in [...]
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November 27, 2009
LookAtVietnam – Businesses complain they have suffered heavily from petrol price increases as they dare not raise prices despite higher costs. Taxi firms have suffered heavily from petrol price increases Vo Ba, general director of Future Taxi, said petrol prices have increased twice, but taxi firms still keep the same fee. “They will incur losses [...]
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November 27, 2009
LookAtVietnam – Prices will increase on at least 500 consumer products say domestic producers and suppliers. Suppliers of imported canned food, spices and confectionary have sent new price quotes to food shops, informing them that confectionary products imported from Europe will have price increases by 10 percent over the previous Tet. Meanwhile products from Europe [...]
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