January 26, 2010
VietNamNet Bridge – Sugar sale prices have remained high, despite orders by MARD to slash prices to affordable levels. Sugar manufacturers claim that they must raise prices because the world’s prices have escalated. In previous years, government agencies endured big headaches to fight imports smuggled over the Cambodian border. At that time, illegal sugar imports [...]
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January 10, 2010
Glass products being produced at the Viglacera Float Glass Co in Binh Duong Province.LookAtVietnam – Domestic glass and steel producers have warned that the increase in the price of mazut oil will raise production costs, forcing them to put prices up. The Viet Nam National Petroleum Corporation (Petrolimex) decided to raise the price of mazut [...]
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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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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
VSA has anticipated that a lot of small scale steel mills will have to shut down because they cannot compete as a result of overproduction. Chairman of the Vietnam Steel Association (VSA) Pham Chi Cuong, in a recent interview with Thoi bao Kinh te Vietnam, said the supply has doubled demand. Meanwhile, from now to [...]
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September 21, 2009
VietNamNet Bridge – Prices look set to rise for consumers as suppliers are forced to pass on rising costs. Supermarkets have said that 15 individual suppliers have given notice of upcoming wholesale price increases. The prices of confectionary is proposed to increase by 5-7 per cent, vegetable oil to increase by 2.5-3 per cent, while [...]
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July 31, 2009
An employee at a Petrolimex gas station in Ho Chi Minh City A newly proposed fuel price mechanism will not change retail pricing schemes much as a strong monopoly still dominates the market and the price-setting formula is still too rigid, said experts this week. The Finance, Industry and Trade ministries have drafted a proposed [...]
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July 7, 2009
Workers package sausages at a factory of Ho Chi Minh City-based Vissan company. Retailers and producers say they have to keep prices stable after a fuel price hike last week because they donât want to risk losing customers. Bui Hanh Thu, deputy director of Saigon Co.op, which owns the Co.opMart supermarket chain, said despite higher [...]
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July 1, 2009
Domestic steel producers have been warned against raising sale prices, since price increases would pave the way for cheap imported steel products to flock into the domestic market. According to the Vietnam Steel Association (VSA), by June 15, Vietnam had imported nearly 200,000 tonnes of coil steel this year, 70 percent from ASEAN countries. It [...]
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June 26, 2009
The retail prices of dairy products in Vietnam are sky high because suppliers deliberately sell them dear, at a price which is twice their cost, say HCM City inter-ministerial inspectors. Dairy product prices have been increasing continuously since 2007, especially imported milk products. The paradox is that the dairy products’ prices in Vietnam keep rising [...]
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