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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October 1, 2011
The twelve members of the Congressional Super Committee, six Democrats and six Republicans, gather for opening remarks. Democrats want tax hikes to be the first item negotiated in "super committee" deficit-reduction talks, trying to force Republicans to confront an issue at the heart of this year’s budget fights, sources told Reuters. The tough stance by [...]
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Posted in International | Comments Off
August 13, 2011
A vendor sells fruits and vegetables at a local market in Hanoi. As the government starts a new term in office, people are looking for more determined efforts from the government to curb inflation that has hit them hard for several months now. The highest positions in the nation’s governing hierarchy have been filled. The [...]
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May 22, 2011
State workers repairs electrical grids in downtown Ho Chi Minh City. Many employees of state-owned firms are not interested in the minimum wage increase, saying it fail to match recent price hikes. The Vietnamese government’s recent decision to increase the minimum wage by 14 percent has failed to spark any enthusiasm among workers. Not only [...]
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April 9, 2011
A vendor carries pineapples on a bicycle in downtown Hanoi. Consumer prices rose 13.89 percent in March from a year earlier and are expected to continue increasing in the next few months. Vietnam will increase the minimum wage by 14 percent next month, raising concern that higher labor costs may fan inflation that is already [...]
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February 4, 2010
VietNamNet Bridge – The Ministry of Finance (MOF) has suggested two options for electricity price increases, either by 10.7 percent or 6.8 percent. According to the director of the Price Control Agency Nguyen Tien Thoa, his agency has submitted a report suggesting they raise electricity prices by either 10.7 percent or 6.9 percent from the [...]
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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 28, 2010
LookAtVietnam – MOIT has submitted to the Prime Minister suggested plans to raise the electricity price by 4.9 percent. Deputy Minister of Industry and Trade Bui Xuan KhuHere MOIT’s deputy minister Bui Xuan Khu explains the reasoning. VietNamNet: Could you please tell us more about suggested plans by MOIT regarding the electricity price in 2010? Bui Xuan [...]
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January 12, 2010
LookAtVietnam – The Electricity of Vietnam (EVN) has submitted four options for electricity price increases. Under the options proposed by EVN, there are four scenarios for electricity price increase in 2010 which would occur depending on the coal price increases set by the Vietnam Coal and Mineral Industries Group (Vinacomin).In Option 1, if the coal [...]
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December 29, 2009
LookAtVietnam – Vietnam’s tourism industry has been relying on the domestic market as the number of foreign travelers has decreased dramatically. Vietnam’s tourism industry has been relying on the domestic market as the number of foreign travelers has decreased dramatically due to the global financial crisis.Luu Duc Ke, Director of Hanoitourist, said cooperation betwen travel [...]
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Posted in News, Travel | Comments Off
