October 30, 2011
Foreign visitors examine Vietnamese wood products at an exhibition in Ho Chi Minh City. The demand for garments and woodwork is expected to fall as the global recession continues. Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits. Exporters worry that the development is expected [...]
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September 24, 2011
A poultry trader carries chickens on his way to a local market in Ho Chi Minh City. Foreign firms are dominating the local animal feed and livestock breeding market. Foreign businesses hold most of the animal feed and livestock breeding market share and are working together to increase prices, according to local industry advocates. “While [...]
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June 12, 2011
A woman with children shops at a supermarket in Hanoi. Experts have criticized a new draft law on prices, saying it does not mention anything about consumer rights. The proposed law on prices as currently written has raised concerns among business groups about more controls on pricing. In addition, experts complain that the new law [...]
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November 25, 2010
Vietnam has ordered fuel traders to keep their prices stable The Vietnamese Finance Ministry has said some petrol importers have asked for import tax cuts as they find it difficult to keep prices stable as ordered by the government. They said import taxes for gasoline at 17 percent and for diesel and kerosene at 10 percent are high [...]
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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 14, 2010
The Finance Ministry has ordered concerned agencies to take necessary steps to contain milk prices nationwide and punish those responsible for undue escalations. The order comes after some distributors raised prices despite a government policy to stabilize the market for the Tet (Lunar New Year) season.In a note sent to city and provincial governments, the [...]
Tags: agencies, City And Provincial, Contain Milk, Contain Milk Prices, Dairy, Dairy Firms, finance, Finance Ministry, Formula Milk, market, Milk Prices, ministry, percent, price, prices, The ministry, The price, The tet, Their Prices
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December 8, 2009
Vietnam promotes tourism in France, Taiwan; Price of essential goods still stable; Gold down from historic high on dollar recovery In reaction to rumours that a lot of essential goods in Ho Chi Minh City have seen a rapid increase in their price along with the increase in prices of petrol and oil, gold and [...]
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October 17, 2009
Fuel traders will not have to ask for permission to increase retail prices if the government-calculated base price rises 7 percent or less. Under the new pricing mechanism, oil products companies will be allowed to raise retail prices correspondingly if the base price rises by no more than 7 percent, the government said on its [...]
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October 17, 2009
Fuel traders will not have to ask for permission to increase retail prices if the government-calculated base price rises 7 percent or less, according to a new decree effective December 15 this year. Under the new pricing mechanism, oil products companies will be allowed to raise retail prices correspondingly if the base price rises by [...]
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September 23, 2009
LookAtVietnam – Vietnam should develop a market-based fuel pricing system and stop focusing on revenues for the state budget, said local fuel traders seeking for more freedom in doing business.Bui Ngoc Bao, general director of state-owned Petrolimex, which holds up to 60 percent of the market share, said although the government has stopped subsidizing fuel [...]
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