The recent surge in commodity prices has usually been ascribed to the U.S. stimulus package, which is said to exert inflationary pressure in developing economies. This view is tempting, but rests on shaky theoretical and empirical grounds. The first phase of quantitative easing in the U.S. took place from January 2009 to March 2010. While [...]
Higher demand for food including pork and rice will be fully met with increased supply in the final months of this year, two ministries affirmed. In the meeting with the Government on Monday to discuss market stabilisation methods, the Ministry of Industry and Trade outlined predictions that demand for food and foodstuff would rise between [...]
The prices of foodstuff has dropped this month due to an abundant supply, many provincial officials have said. This month, the prices of many processed foods, beef and chicken have remained stable while that of pork has dropped at many localities, according to price and market management authorities under the ministries of Finance and Industry [...]
Lien Ngoc Ha has some difficult decisions to make. She only has 100,000 dong (about 5 dollars) to feed her husband and her two sons each day. ‘Six months ago I needed only 50,000 dong to make three meals for my family,’ she said. ‘I used to buy two chickens with the money. Now I [...]
Food suppliers attending the price stabilization program complaint that they are under pressure from the increasing material prices and production costs, asking for loans with preferential lending rates. Processed food supplier Vissan submitted that the price of state-subsidized goods should increase by 15 percent at least from this month due to the increasing cost of [...]
One week after the hike in petrol price, many food products in markets across Ho Chi Minh City have increased their rates by 5-20%. Pork meat has increased by 20% compared to last month. Other fresh produces such as chicken, beef and seafood have increased from VND2, 000-10,000 per kilogram. At Phung Hung market, the [...]
Prices of several kinds of goods at markets in HCM City are expected to keep rising after steady increases in recent days, Sai Gon Giai Phong (Liberated Sai Gon) newspaper reported. The prices of vegetables and fruit had increased by VND2,000 – VND3,000 per kilo during the last week, Tu, a small trader at Bui [...]
Prices for some essential goods will increase slightly next month, forecasts the Finance Ministry’s Price Management Department. The increase will stem partly from the high demand for temporary stock as the Lunar New Year approaches, it says. Floods anticipated during next month’s wet season will also push prices for food and other essential goods higher [...]
After a long period of attempts to keep prices unchanged, many essential goods and consumer goods’ prices have begun rising. According to Saigon Co-op, the supermarket chain has received notice to raise prices 7-10 percent from 20 suppliers, mainly those of drinks and frozen processed foods, who cite increased costs of input materials. Fresh food [...]
Vegetables, fruits and seafood products have increased in price. The price increases have been explained by the hot weather, which is said to raise demand. According to Thoi bao Kinh te Saigon, the prices of vegetables have increased by 5-15 percent. For example, salad is selling at 15,000-20,000 dong per kilo, an increase of 2000-3000 [...]
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