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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March 23, 2011
A woman sells vegetables along the street in the Old Quarter of Hanoi At a street-side market in Hanoi’s Dinh Cong Street, Nguyen Thi Ha does not tarry long at the meat stalls as she shops with her small daughter. She buys more vegetables and tofu, and very little meat and fish. Ha’s new diet [...]
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December 20, 2010
Influential people might be supporting illegal industry, says a prominent lawmaker A bear lies unconscious at a bear farm in Ha Long Town in Quang Ninh Province, as a man extracts bear bile from the animal On the last leg of a five-day trip, a group of Korean tourists stopped in at a bear [...]
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February 6, 2010
The Ministry of Transport has suggested higher prices for domestic fights in 2010 in an effort to support the carriers. In a note sent to the Ministry of Finance on Wednesday, the Transport Ministry proposed prices of US$37 for fights shorter than 300 km, $46.75 for flights from 300 km to under 500 km, $64 [...]
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February 4, 2010
LookAtVietnam – With the Tet shopping season approaching, the prices of many items have risen in traditional markets in major cities. At Ben Thanh Market, processed and dried foods like gio cha (pork pastes), gio thu (pig’s head paste), dried shrimp and cuttlefish, lotus seed, cashew nut, and chestnut have all skyrocketed.Dried shrimp, for instance, [...]
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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 27, 2010
LookAtVietnam – People will have their foreign currencies temporarily seized if they sell money to gold shops, the State Bank of Vietnam has warned. The demand for selling and purchasing foreign currencies is increasing in the kieu hoi (overseas remittance) season. People don’t want to sell kieu hoi to banks, why? Overseas remittance service companies all [...]
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January 16, 2010
In order to reach the country’s target GDP growth rate of 6.5 percent in 2010, the industry and trade sector needs to meet other important targets To control inflation under these Government targets, the industry and trade sector should ensure the supply of essential goods to avoid price fevers. Keeping import growth lower than export According to [...]
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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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January 2, 2010
Ho Chi Minh City will provide clean water at prices almost double existing rates from March this year to meet higher demand, the municipal administration has affirmed. The new prices will be raised by around 10 percent every year until 2013, the city Peopleâs Committee announced at a press briefing last week.The lowest price, for [...]
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