National flag carrier Vietnam Airlines said Wednesday it will not raise ticket prices for any domestic flights during the upcoming Lunar New Year holiday (Tet).
The Ministry of Industry and Trade and the Ministry of Finance cut prices of petrol, kerosene and oil on the domestic market on July 2 following a fall in world prices.
Ta Long Hy, chairman of the Taxi Association in Ho Chi Minh City and director of Vinasun Taxi Company, on Friday said that his company has reduced fares by VND500 per kilometre on both four and seven seater cars.
The domestic price of gold on June 6 hovered at around VND42.7 million/tael, setting a record high over a month.
Price of gold in Vietnam lost VND400,000 a tael (1.2 ounces) on May 30 affected by a decline of 1.2 per cent in global price at the trading session in New York last night.
The Australian dollar dropped below parity with the greenback on Monday for the first time since December as political turmoil in Greece led traders to sell riskier assets.
Cooking gas prices fall sharply The price of liquefied petroleum gas (LPG) was slashed by VND2,900 (14 US cents) per kg on May 1, meaning cooking gas prices would be cut by about VND35,000 ($1.7) per tank weighing 12kg.
present global cooking gas prices have decreased US$160 per tonne compared to the beginning of March, as gas demand in many countries has decreased, said a representative of Vietnam Gas Association.
Rice exports to China surge
Rice and paddy prices in the Mekong Delta currently hover around VND4,600-4,700 per kg for high-quality variety and VND 4,500 per kg for IR 40504, up VND 200-300 per kg compared to early April.
This decision was reached at a meeting with the Ministry of Industry and Trade on June 10.
Sacombank Jewelry Company bought the metal at VND37.53 million and sold at VND37.61 million as of 10 am local time.
With this price, farmers can earn a profit of VND3, 000-4,000 per kilogram, though they cannot benefit from this at the moment as there is currently no more fish to sell.
The power price will rise to VND1.220 per kwh from the current price of VND1.058 per kwh. The new price will be applicable from March 1.
Tuan added that consumers can now complain to the responsible agencies about any hike in prices and the market management company would impose stiff penalties. Although the Price Control Agency has not approved the proposal to increase dairy products, some companies have pushed up the prices nevertheless.
That was the first time sugar cane farmers enjoy double win, bumper crop and high prices, said Nguyen Van Dong, director of Hau Giang Province Department of Agriculture and Rural Development.
The Vietnam Coffee and Cacao Association (Vicofa) attributed the rising prices of coffee beans in the domestic market to insufficient supplies on the world market and also traders and coffee funds around the world buying to stockpile.
After a slump due to rainy weather, the prices of steel and cement resumed rising as peak construction season started, as well as because of the influence of changes in exchange rate and commodities.
Meanwhile, in Ho Chi Minh City, Da Lat, Nha Trang and Can Tho, gold hovered at around VND32.65-32.73 million/tael.
In Hanoi, at 9.30am, SJC gold was listed at VND30.42-30.48 million/tael while in Ho Chi Minh City, Nha Trang and Can Tho, it stood at VND30.42-30.46 million/tael.
The report, which reviewed the country's dairy market in the first seven months, said dairy importers increased their imported product prices three times during the period, attributing increases to a world price hike.
