“Recently, pepper prices have increased. There are several reasons for this improvement. Firstly, COVID-19 in China is basically over, so demands from Chinese customers are higher,” said Nguyen Nam Hai, President of the Vietnam Pepper Association (VPA). … [Read more...] about Vietnam domestic pepper prices hit one-year high
Laundry drop off service price
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
“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
Vo Thi Phuong Mai, deputy director and head of retail services of CBRE Viet Nam, said the COVID-19 pandemic had negatively impacted direct visitor traffic but creating many opportunities for small and medium-sized models such as convenience stores, pharmacies and especially e-commerce. … [Read more...] about E-commerce a positive for retail sector
Frank Bochmann is seen in a photo he provided Tuoi Tre News. Saebel: Vietnam’s tourism sector has been tragically affected by the outbreak of COVID-19. Airlines, hotels, restaurants, laundry facilities, amusement parks, transport companies, tour operators, and homestay owners have all seen their business come to a standstill. The loss of revenue and livelihoods for Vietnamese employees and entrepreneurs alike in all spheres is devastating and the real effects will only be seen as savings and cash funds dry up. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?