Multinational transfer pricing

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 MARD says firms are required to comply with existing regulations on the import quarantine and ensure safety measures are kept with regard to preventable diseases for domestic livestock, in addition to implementing quarantine regulations on imported pigs for a period of 30 days. Once the COVID-19 epidemic is successfully brought under control, the quarantine of imported pigs from other nations into Vietnam will be deployed in accordance with existing regulations and procedures. … [Read more...] about Live pigs to be imported to lower domestic prices

“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

Low selling price Bac Lieu Province has two districts engaged in the salt farming industry, namely Dong Hai and Hoa Binh. Ben Tre has Ba Tri District with more than 1,020 hereditary salt-farming households in four communes, consisting of Bao Thuan, Bao Thanh, Tan Thuy, and An Thuy, with a total area of 850 hectares. The salt farming area in Bao Thuan and Bao Thanh communes alone accounts for 600 hectares. These are also the two communes recognized by Ben Tre Province as salt making villages. Mr. Tran Van To, a farmer in Bao Thanh Commune, said that his family has been following the salt-making industry for a long time. The initial cost for his 6,000 square meters of salt evaporation ponds is a few million Vietnamese dongs. However, the price of salt at the end of the crop is merely at VND25,000-VND28,000 per bushel that is not enough to make up for the cost for hiring workers to carry salt from the ponds to the shore which costs VND6,000 per bushel. Thanks to severe hot weather, the … [Read more...] about Despite good harvest, salt farmers battered by low prices

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