Price sell down

Hanoi (VNA) - Retail petrol prices rose by more than 400 VND from 3pm on January 11, the fourth increase in a row, following the latest review by the Ministry of Industry and Trade and the Ministry of Finance. The price of E5 RON92 biofuel increased by 430 VND to a maximum of 15,948 VND (0.69 USD) per litre and RON95-III by 451 VND to no more than 16,930 VND per litre. Diesel 0.05S and kerosene, meanwhile, now sell at no more than 12,647 VND and 11,558 VND per litre, up 271 VND and 370 VND per litre, respectively. The price of Mazut 180CST 3.5S remains unchanged at no more than 12,272 VND per kg. According to the two ministries, the prices of petrol and oil in the global market increased in the past 15 days, hence the upward adjustment. They review fuel prices every 15 days to ensure domestic prices are in keeping with the global market./. … [Read more...] about Petrol prices up over 400 VND in latest adjustment

Growers earn no profits Currently, coffee in the Central Highlands provinces has started to ripen, and farmers are rushing to harvest coffee. Due to unfavorable weather, coffee yield in some regions has dropped heavily. Meanwhile, the prices of coffee this year are too low. Concentrating on collecting the last coffee trees in his farm, Mr. Pham Tien, a farmer in Quang Tien Commune in Cu M'gar District in Dak Lak Province, said that his family had nearly one hectare of land and had grown coffee since 1998 to now. Although he had invested and taken care of his coffee trees carefully, his coffee plantation had not achieved coffee yields as high as expected in recent years. In previous years, he collected 3 tons of coffee beans. However, he could only get nearly 2 tons this year. The coffee output could not make up for the investment cost and his effort for the whole year. Sharing the same situation, Mr. Nguyen Hoang Vu, a farmer in Hoa Thang Commune in Buon Ma Thuot City of Dak Lak … [Read more...] about Coffee farmers suffer poor crop, low price

Accordingly, there are eight types of pork in the market stabilization program whose retail prices increased this time. Of which, the price of ham rose from VND145,000 to VND151,000 kg; that of pork shoulder from VND145,000 to VND158,000 per kg; that of pork loin chops from VND140,000 to VND153,000 per kg; that of pork shanks from VND129,000 to VND139,000 per kg; that of pork armpit from VND127,000 to VND137,000 per kg; that of pork shoulder and ham lean from VND175,000 to VND190,000 per kg; that of pork tail bone from VND103,000 to VND113,000 per kg; that of pork bones from VND77,000 to VND85,000 per kg. Four enterprises in the market stabilization program that are allowed to increase their selling prices include Saigon Co.op, BigC, Vissan, and Saigon Agricultural Corporation (Sagri). On the other hand, the adjustment of the selling prices of pork from January 12 still ensures that the prices of pork in the program are lower than the retail prices of the same products in the … [Read more...] about HCMC fixes selling prices of pork for Tet holidays

Sufficient supply Dong Nai Province is currently the leader in repopulation and recovery of pig herds after the African swine fever (ASF). According to data from Dong Nai Statistics Office, up to now, the total pig herd in Dong Nai Province has reached about 2.2 million pigs, up nearly 10.8 percent over the same period last year. Most of the large-scale pig farming facilities, which fully ensure safety conditions, have continued to expand the farming scale, speeding up the growth of pig repopulation. During and after ASF, some new businesses in the livestock sector still focus on expanding investment and start to have an abundant source of market hogs to provide the market. According to Ms. Nguyen Thi Huong, Director of Huong Vinh Cuu One Member Limited Company, despite difficulties due to the ASF epidemic, over the past time, her company has expanded its farming scale with three large farms, a slaughterhouse, and two outlets selling safe pork. Moreover, the owners of small-scale … [Read more...] about Pork market for Tet holidays: plentiful supply, unstable prices

State-owned banks recorded mixed results. Of Vietnam’s three biggest lenders by assets, CTG of VietinBank added 0.9 percent, BID of BIDV kept its opening price and VCB of Vietcombank shed 0.7 percent. MBB of mid-sized Military Bank climbed 1.3 percent. … [Read more...] about VN-Index sees biggest foreign net sell in eight months