May 20, 2009
The Prime Minister has ordered the heavy punishment of enterprises and individuals quoting commodity prices in dollars, but ‘habit is second nature’, and automobile manufacturers are still violating the law. VietNamNet reporters found out that Honda Vietnam and Euro Auto are the only two enterprises which have shifted from quoting prices in dollars to VND. [...]
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May 13, 2009
Enterprises which mainly serve foreign clients or make valuable products are now busy checking their price quotations after receiving a warning from the State Bank of Vietnam that prices may only be posted in Vietnamese dong, and not dollars. Many businesses have been strictly following the State Bank’s instruction to quote goods and services prices [...]
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April 29, 2009
LookAtVietnam – Some automobile showrooms have started to quote prices in VND after the SBV’s instruction, but many others continue to quote US$ prices. VietNamNet’s reporters, who were present at the My Dinh Honda auto showroom on April 26, noticed that the prices of Honda cars displayed there were quoted in VND. The prices of [...]
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April 21, 2009
Most automobile manufacturers have fended off questions from newspapers about why they quote sale prices in dollars. Meanwhile, Toyota Vietnam says that it is inconvenient to quote prices in VND. As VietNamNet has reported, automobile manufacturers all quote sale prices in US$, which, according to lawyers and state offices, is a violation of Vietnamese laws [...]
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April 10, 2009
Why do producers and distributors still quote commodity prices in US dollars, ignoring the laws? It is because of the loosened control over the law enforcement. Automobile manufacturers, who have been criticized for quoting prices in dollars, said that they have to do that because they will incur losses if they quote prices in VND. [...]
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