The ceiling promotion rate of 20 per cent for pre-paid subscribers has cut telecom providers’ revenue. — Photo vtv.vn The Ministry of Information and Communications is considering a proposal from telecom providers to remove the ceiling promotion rate of 20 per cent for pre-paid subscribers. The ministry’s Department of Telecommunications said they were working with the Finance Ministry to consider the proposal of adjusting the rate from the current 20 per cent to 50 per cent. Previously, the ministry issued Circular 48/2017 which took effect on March 1, 2018 regulating mobile rates for mobile operators. Telecom providers in the country are only allowed to offer up to 20 per cent of a service’s value to pre-paid subscribers as a bonus during promotional campaigns. The maximum promotional value however has been set at 50 per cent for post-paid subscribers. The limit applies to different forms of promotion, including bonus credits, in-kind benefits, and other … [Read more...] about Ministry considers removing mobile phone promotion cap
Why remove popcorn ceiling
Higher ceiling for foreign homeownership?By Le Anh Estate projects in districts 2 and 7 are favored by foreign homebuyers - PHOTO: THANH HOA The foreign ownership ceilings of some real estate projects in HCMC, especially those in districts 2 and 7, have been reached as the demand from foreign homebuyers is rising. In this context, should the foreign homeownership limit be raised? Nguyen Duc Tai, a real estate broker in District 2, just received another request a short while ago. Two South Korean customers contacted Tai asking him to search for an apartment in the district that they could own. Current regulations set the ceiling of foreign ownership in realty projects at 30% of the total number of houses or apartments. The problem was that limit in all the projects which meet the Korean house seekers’ requirements offered by Tai’s firms had been crossed. “I’ve tried to search for other projects but I’ve failed to find one that suits the need … [Read more...] about Higher ceiling for foreign homeownership?
VietNamNet Bridge - After two years and nine months of applying the ceiling price, the price of formula milk products for children aged below six remained stable. However, the policy was removed on April 1. As per the government's request, the Ministry of Industry and Trade (MOIT) has taken over the Ministry of Finance’s (MOF) job to check price registration forms applied to functional food for children aged below six, including formula. Right after undertaking the new job, MOIT has tried new measures to control formula prices and terminated the imposition of ceiling prices on formula products. Within five days, from April 14-19, MOIT collected opinions from enterprises, associations and agencies in the north and south about the draft circular on controlling functional food and formula milk. Eurocham and Vinamilk, the nation’s leading dairy producer, have applauded the removal of the ceiling price policy, saying that it would be better to let the prices be determined by … [Read more...] about Ceiling formula price for milk removed
Viet Nam News HÀ NỘI - The Government removed price ceilings on dairy products for children under six from April 1, 2017 according to the Ministry of Industry and Trade's proposal. The Government has direct the ministry, other ministries and related agencies to manage prices of dairy products for children under six according to the Law on Price and other legal documents. They were also told to enhance State management in price control, anti-speculation and monopoly controls. After three years of use, the mechanism had many limitations so abolishing the mechanism was necessary and suitable with price management measures in a market economy, reported Tin tức (News) newspaper. Experts said after removing the ceiling price mechanism, the State should encourage competition and a healthy business environment. They also suggested the State regulate the price if a firm gains a monopoly of dairy products or if dairy firms violate the Law on Competition. The most important task of the … [Read more...] about Việt Nam removes ceiling price for dairy products
If nothing changes, ceiling prices on dairy products for children under six will be removed on April, 1. With just three days left until that date, enterprises making and selling the formula products are happy, but mothers with under-six children are anxious. They don't know whether this decision will be good or bad for them, in terms of pricing and availability. Nguyễn Bích Hà has two children under six. She feels that if no State management agency is responsible for controlling the price of domestic dairy products, their prices can spiral out of control. She understands that the rationale is that with no price ceilings or other constraints, producers and distributors will adjust prices according to market supply and demand. However, this would mean that "we consumers will completely depend on the business strategy of milk producers," said a clearly worried Hà. Makes no difference Another mother in Hà Nội, Nguyễn Thu Vân, noted that despite the price ceilings put in place in May … [Read more...] about Price ceilings or not, market regulation is a must