Sai Gon Co.op is running promotions on essential goods to stimulate purchases. (Photo: Saigondautu) HCM City (VNS/VNA) – Ho Chi Minh City’s Department of Industry and Trade has pledged to help businesses stabilise market prices following hikes in gasoline and electricity prices. The price of consumer goods in the city in April rose slightly compared to the previous month, with food prices rising by 0.1 percent and rice products increasing by 0.6 percent compared to the previous month. The month saw a drop in consumption of major commodity products such as pork (fall of 3.36 percent); fresh poultry (0.66 percent); fresh seafood (1.79 percent); vegetables (1.91 percent); and fruits of all kinds (0.06 percent) over the previous month. However, consumption of other commodity products rose, including beef (by 0.17 percent); confectionary (0.35 percent); and cocoa, coffee and tea (0.52 percent) over the previous month, according to the department. Food … [Read more...] about HCM City to stabilise market prices
VietNamNet Bridge - VinFast has caught attention from the public with its impressive presence at 2018 Paris Motor Show. Now it needs to choose a reasonable pricing strategy to conquer the home market. VinFast has made an impressive presence at 2018 Paris Motor Show Analysts are guessing wildly about the prices of the two first models of VinFast. Will they be super cars with BMW’s quality and Mazda’s price? Some observers believe that a high-end car with German quality and Italian design would have a ‘Vietnamese price’.However, VinFast is not strong enough to attract buyers if it is as expensive as BMW. The most likely scenario is that VinFast’s image should be ‘pegged’ to BMW with the quality a bit lower than the German brand and the price higher than Mazda. A Chinese brand also succeeds with this strategy. Debut VinFast had a wonderful performance at Paris Motor Show with the presence of David Beckham at the stall next to the one of … [Read more...] about What will VinFast’s pricing strategy be like?
In Indonesia’s Lampung province, exporters quoted premiums for the grade 4 defect 80 robusta at $25 to $30 premium a ton to London’s November and December contracts, down from last week’s $50 premium, a trader said. Another trader quoted the beans at $70 premiums to November and January contracts. “Market prices rose in the past week, we have to cut premiums,” one of the traders said, adding that only a few transactions took place this week due to weaker demand and low stock after Indonesia’s main harvest ended last month. Indonesia coffee exports from the province of Lampung in Sumatra in September plunged 51 percent from the same month last year to 10,058 tons, official data showed, with lower production this year and higher domestic demand contributed to the drop in exports. “Global buyers have shifted to Vietnam because its cheaper there,” the trader added. In Vietnam, exporters have started offering beans from the upcoming harvest … [Read more...] about Asia Coffee: Vietnam quiet despite recovery in global prices; Indonesia premiums tighten
Customers experiencing the programme "Price is always low" of Big C After three months of implementing the programme "Price is always low," sales growth in some categories has exceeded 15 per cent and Big C has decided to roll out phase 2 of the programme. Accordingly, phase 2 of the "Price is always low" programme started on September 6, 2018 and applies to more than 7,000 products in 15 categories of essential goods, such as milk, spices, sugar, cooking oil, fish sauce, confectionery, coffee, vegetables, and others. "Price is always low" is one of the major programmes aiming to realise the mission of Big C and Central Group Vietnam. This mission is to "make customers’ lives easier," which aims to enable customers to manage their spending better while satisfying their increasing needs for nutrition, household goods, and lifestyle items. Big C’s extension of the "Price is always low" programme also helps to stabilise market prices, especially the price of essential … [Read more...] about Big C expands ‘Price is always low’ programme
With the price of oil on a roller-coaster ride over the past few years, companies are pushing ahead with plans to cushion the impacts. Rising oil prices have impacted the overall transportation cost Late last week the prices of WTI and Brent crude oil stood at about $65.51 and $71.49 per barrel in London. It is forecast that the figure may skyrocket to $100 per barrel before the year is over. Rising oil prices are likely to have an adverse effect on the economy, as they mean rising costs for fuel and production for consumers and businesses. Clement Blanc, managing director of DHL Global Forwarding Vietnam, told VIR, “A few years ago, when the price of crude oil dropped, shippers enjoyed significant reductions in their transportation costs. Unfortunately, the market is now going in the opposite direction, and we see no signs of cooling down.” According to Blanc, the rising oil price is a concern, as it is a very important component of overall transportation costs, … [Read more...] about VN firms move to counteract oil prices