Price

It was recorded on November 23 in Ho Chi Minh City that some products and many services set new price levels. Prices of vegetables at supermarkets are much higher than those at the beginning of November. (Photo: SGGP) Many essential products' prices have risen by about 15 percent At some markets in District 12 and Hoc Mon District, the prices of fresh vegetables and fruits increased slightly from VND3,000 to VND5,000 per kg. For example, Can Tho head mustard edged up to VND19,000 per kg; oranges rose to VND40,000 per kg; Dalat bananas went up to VND21,000 per kg. Seafood, pork, and chicken also rallied by VND5,000-VND10,000 per kg, depending on the type. For instance, red tilapia is currently priced at VND60,000-VND65,000 per kg; free-range chicken fetches VND60,000-VND70,000 per kg. According to Deputy Director of HCMC Department of Industry and Trade Nguyen Nguyen Phuong, the department has organized the "focused promotion program in 2021 from November 15 to …

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On the September 3 flight that brought the Vietnamese football team home from the Saudi capital Riyadh, there were also women domestic workers who had been stuck for months in a deportation center. One of them was Lang Thi Thu, an ethnic Thai from Con Cuong, Nghe An Province. Thu had gone to Saudi Arabia in 2017 on a two-year contract. However, after the contract expired, she continued to work for her employer to earn enough money to build a house for her family. During her six years as a domestic worker, she had no days off and had to work from 9 a.m. to 4 a.m. Thu says: "I asked my employer to let me go home, I wanted a break to go home since my limbs had become numb; I could not feel them any more." But after many unsuccessful requests, she decided to run away and complain to the police. However, under the abusive Kafala sponsorship system that governs migrant workers in Saudi Arabia, people like Thu do not have the right to quit or change jobs, except in certain special …

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The latest draft of the eighth national power development plan in 2021-2030 shows considerable reductions in coal-fired power and increases in wind power, following Vietnam’s strong commitments at COP26. The eighth plan still has not been issued after many debates. The draft plan continues to be amended after Vietnam made strong commitments at COP26 on the goals and ambitions in obtaining Net Zero by 2050. Because of the commitments, the Ministry of Investment and Trade will have to reconsider the country’s electricity generation sources. In an operating scenario released by the Ministry of Industry and Trade (MOIT) in November, the total capacity of power sources to be installed by 2030 is 155,722 MW, lower by 24,305 MW than the 180,027 MW shown in March scenario. With the scenario, coal-fired electricity capacity would decrease by 6,694 MW, while LNG-fired electricity by 18,550 MW and Vietnam would increase electricity capacity from wind power. Onshore wind power …

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Demand for industrial, logistics estates at core of enquiries next year: Savills Demand for industrial and logistics estates in addition to ready-built factories and warehouses will continue to be the core of enquiries next year, according to an expert from property consultancy Savills Vietnam. “However, in terms of new trends, data centres and cold storage facilities are in demand and have gained traction in 2020 and 2021,” John Campbell, manager of Industrial Services at Savills Vietnam told the Vietnam Investment Review. “Next year, we expect this to continue, as Vietnam is now on the radar for hyperscale facilities.” Low-value industries are beginning to set up elsewhere in Southeast Asia as Vietnam no longer offers the same incentives, he said, adding that these industries such as textiles and furniture struggle to source affordable labour and land in Vietnam. However, foreign and high value-added investors remain bullish on Vietnam’s long-term growth, …

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Vietnam Airlines wide-body Boeing 787-9 Dreamliner (Photo courtesy of Vietnam Airlines) Hanoi (VNS/VNA) - Vietnam Airlines, the country's national flag carrier, looks to dominate the Vietnam-US route as preparations have been completed for its first direct flight to the US, which is scheduled to take off on November 28, said General Director of Vietnam Airlines Le Hong Ha. The Vietnam-US route was among one of the most in-demand pre-pandemic. There were 24,000 Vietnamese university students and a 2.2 million strong Vietnamese community in the US in 2020. Two-way trade has been on the rise in recent years reaching 90 billion USD in 2020 and projected to hit over 100 billion USD this year, making the Southeast Asian economy one of the US’s top trading partners. As a result, the airline is confident demand will quickly recover once the pandemic is put under control and mobility restrictions relaxed, Ha said. Competition, however, is expected to be fierce as the …

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Vietnam’s agriculture minister on Wednesday called on his Japanese counterpart to accelerate quality assessment process for longan exports from the Southeast Asian country to enter the East Asia market in 2022. Le Minh Hoan, Vietnamese Minister of Agriculture and Rural Development, joined a working session with Kaneko Genjiro, Japanese Minister of Agriculture, Forestry and Fisheries, the Vietnamese agriculture ministry reported on Thursday. During the discussion, Hoan urged his Japanese counterpart to accelerate procedures at Japanese appraisal authorities in order for Vietnamese longans to enter Japan in the 2022 harvest. The Vietnamese minister also suggested that Japan apply online inspection or facilitate procedures for enterprises to ship heat-treated poultries to Japan. Mechanisms for Vietnam’s pomelo and Japan’s grape harvests to enter the other market will also be devised, the two ministers concurred. Vietnam is promoting agriculture development to ensure food …

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