Tax percentage in petroleum prices lower than gerneral average, says Ministry of Finance

Tax percentage in petroleum prices lower than gerneral average, says Ministry of Finance

VCN - The Ministry of Finance will continue to work with relevant ministries and sectors to closely monitor petrol and oil price movements in the domestic and international markets to consider and advise competent authorities on appropriate solutions.
If prices are not controlled, people will face difficulties during Tet

If prices are not controlled, people will face difficulties during Tet

VCN – Speaking to the press, economist Vu Vinh Phu said cities and provinces across the country should develop specific and scientific plans to serve the consumption needs for the Lunar New Year in 2022.
Need to improve legal framework to support investment in real estate, preventing economic bubble

Need to improve legal framework to support investment in real estate, preventing economic bubble

This is the opinion of Mr. Neil MacGregor, General Director of Savills Vietnam, in an interview with the press about the prospects and trends of the real estate market in 2022.
A 10% increase in gasoline prices causes GDP to decrease by 0.5%, CPI to increase by 0.36%

A 10% increase in gasoline prices causes GDP to decrease by 0.5%, CPI to increase by 0.36%

VCN - On October 26, the domestic gasoline price was adjusted to increase for the fourth time in a row since the beginning of September. This is unavoidable when the global petroleum market is "in a fever", directly affecting Vietnam’s retail gasoline pri
Edit the Law on prices: Legalise price analysis and forecasting

Edit the Law on prices: Legalise price analysis and forecasting

The Ministry of Finance (MOF) proposed to amend the law on prices to create a specific legal corridor for the synthesis, analysis and forecast of the price
Revised Price Law: Removing problems of price negotiation

Revised Price Law: Removing problems of price negotiation

VCN - The Ministry of Finance will revise regulations on price negotiations to better clarify the responsibilities of parties in implementing price in successful negotiations and and temporary price set by the negotiation organiser in unsuccessful ones.
Seeking solutions to stabilise prices of essential commodities

Seeking solutions to stabilise prices of essential commodities

VCN - The Ministry of Finance recently issued Official Letter No. 8227/BTC-QLG to People's Committees of the provinces and centrally-run cities to continue strengthening the price management and stabilisation in their areas in the last months of 2021.
Reduce import of raw materials to stabilize animal feed market

Reduce import of raw materials to stabilize animal feed market

VCN- In the first quarter of 2021, the total amount of imported feed products reached 5.4 million tons, equivalent to US$1.66 billion, up 3.94% in quantity and 5.53% in value over the same period in 2020.
Steel prices increase on global issues: ministry

Steel prices increase on global issues: ministry

Soaring raw material prices coupled with delays in shipping due to the COVID-19 pandemic significantly pushed up steel prices recently, according to the Ministry of Industry and Trade.
Price of pork increases as Tet nears, the Ministry of Industry and Trade wants to facilitate imports

Price of pork increases as Tet nears, the Ministry of Industry and Trade wants to facilitate imports

VCN- The price of live pigs in the Central and Central Highlands increased slightly by VND2,000-3,000/kg compared to the previous month, ranging from VND76,000 to VND80,000/kg.
Abundant goods, do not worry about price gouging during Lunar New Year

Abundant goods, do not worry about price gouging during Lunar New Year

VCN - Up to now, both the Ministry of Agriculture and Rural Development and the Ministry of Industry and Trade have affirmed that the supply of essential goods for the upcoming Lunar New Year and the first quarter of 2021 is abundant, so people should not
Prices of tra fish plunge, breeders suffer huge losses

Prices of tra fish plunge, breeders suffer huge losses

The prices of tra fish have plummeted since the beginning of the year with tra fish breeders facing heavy losses caused by the fall in prices.
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It's necessary to make electricity retail price transparent

VCN - ​Modifying the mechanism of adjusting the average electricity retail price is being reviewed by the Ministry of Industry and Trade for ministries, branches and units.
Ministry of Industry and Trade’s statement on concern for scarcity of petroleum?

Ministry of Industry and Trade’s statement on concern for scarcity of petroleum?

VCN – On the evening of March 25, 2019, the Ministry of Industry and Trade released information about operating petroleum prices as well as petroleum supply.
Unstable prices, pepper turns to clean production

Unstable prices, pepper turns to clean production

VCN- In the context of declining price and no sign of recovery, pepper industry is striving to shift its focus on clean and sustainable production in order to improve the quality of pepper with a view to obtaining the best prices in commercial transacti
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