Petrol prices rise

Hanoi (VNA) – The consumer price index (CPI) in May decreased by 0.03 percent against the previous month and 1.24 percent against last December, but increased by 4.39 percent year-on-year, the General Statistics Office (GSO) reported on May 29. The average index for the first five months was up 4.39 percent from that of the same period last year. In the period, basic inflation rose by 2.88 percent year-on-year. According to the GSO, in May, four out of the 11 commodity groups experienced price reductions: transport (2.21 percent); culture, entertainment and tourism (0.02 percent); post and telecommunication services (0.02 percent); and garment, headwear and footwear (0.01 percent). Increases were seen in prices of restaurant and catering service (0.34 percent); beverage and tobacco (0.25 percent); housing and building material (0.25 percent); other commodities and services (0.07 percent); household appliances (0.05 percent); and medicine and medical services (0.04 percent). … [Read more...] about May CPI shows slight reduction due to dropping petrol, power, rice prices

In the opposite direction, BID of Vietnam’s largest state-owned lender by assets, BIDV, led losses with 1.5 percent, followed by two stocks in oil and gas, namely POW of electricity generator PetroVietnam Power, and PLX of petroleum distributor Petrolimex, both falling 1.4 percent.  … [Read more...] about VN-Index rises in weekend session as liquidity falls

The Vietnam News Agency cited Tien as saying that first shipments could probably come from Thailand. The ministry will also create the best possible conditions for the import of breeding pigs to help increase the number of local herds. … [Read more...] about Pig import approved to ease pork price surge

The statistics by the General Department of Vietnam Customs showed that by the end of April this year, Vietnam’s canned tuna exports to the US increased by 2 percent compared to the same period last year. The export price of Vietnamese canned tuna tends to climb and currently is the second-highest among the ten canned tuna suppliers of this market. Similarly, the demand for canned tuna increased in countries in the EU. The outbreak of the Covid-19 has caused canned tuna factories in Spain and Italy to slow down while increasing demand has urged the EU to import more canned tuna products from other countries. Currently, Vietnam’s canned tuna exports to the EU rose by 2.7 percent over the same period last year. Tuna exports of Vietnam to countries in the ASEAN in April also surged by 4 percent year-on-year. Noticeably, tuna exports to Thailand, the largest importer in the region, jumped 61 percent. By the end of April this year, tuna exports of Vietnam to Japan advanced 36 … [Read more...] about Canned tuna exports increase thanks to rising demand

“The GSO has requested the Ministry of Agriculture and Rural Development and the Ministry of Industry and Trade to review prices from all stages from raising, purchasing, slaughtering and transporting the products to find the unreasonable factors in price formation and bring prices back to the true value.” — VNS … [Read more...] about Monthly CPI falls to lowest in five years