» Price Increases

  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...

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There have been signs indicating that some dairy importers collude with each other to keep the price of foreign-made dairy products high. VietNamNet Bridge – There have been signs indicating that some dairy importers collude with each other to keep the price of foreign-made dairy products high. Domestic products are cheaper, but some...

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VnnNews – Though electricity price will only increase as of March 1, the prices of many goods and services have begun escalating already. Dau tu chung khoan reported that the price of food at traditional markets were very high on February 25, especially the price of vegetables and seafood.  However, the newspaper pointed out that...

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VnnNews – Dr Vu Dinh Anh, deputy head of the Market and Price Research Institute believes the suggested 10 percent electricity price increase is unreasonable.  Dr Vu Dinh Anh, deputy head of the Market and Price Research Institute Nguoi lao dong: What are your comments regarding Electricity of Vietnam’s (EVN) suggestion to...

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VnnNews – 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,...

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VnnNews – Confectionary, drinks, food, and the traditional snacks which appear at Tet Lunar New Year parties in Vietnam have all seen a sharp price increase. The dollar exchange price increase,  higher costs for petrol and oil and the policies regarding imports’ restriction have all been cited as explainations for price increases....

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VnnNews – A close relationship exists between the rice price, export volume and inflation. If rice prices are overly high, farmers suffer instead of profiting Statistics show that when the rice export volume increases, the inflation rate decreases. In 1995, Vietnam exported 1.988 million tons and the inflation rate was 12.9 percent. In...

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VnnNews – Prices will increase on at least 500 consumer products say domestic producers and suppliers. Suppliers of imported canned food, spices and confectionary have sent new price quotes to food shops, informing them that confectionary products imported from Europe will have price increases by 10 percent over the previous Tet.  Meanwhile...

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VietNamNet Bridge – After GDC released their updated reference price list, importers have raised sale prices by 3-5 percent. The reference price list provides information on average price levels for car imports which customs agencies refer to to find out if importers are declare wrong prices to evade tax.  Many car importers in Hanoi...

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VnnNews – Although some economists expressed concern about the CPI increase in September, GSO says its just a cyclical thing. Tran Thi Hang, director of the Trade Service and Price Department, a unit of the General Statistics OfficeTran Thi Hang is director of the Trade Service and Price Department, a unit of the General Statistics Office...

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