Cabinet seeks ways to stabilise pork price

Prime Minister Nguyen Xuan Phuc on March 20 stressed the need to regulate price of pork by the market price with certain management, and to prevent speculation and unreasonable price hiking in this sector.

Friday, March 20, 2020 22:16

Cabinet seeks ways to stabilise pork price ảnh 1

Illustrative image (Source: VNA)

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc on March 20 stressed the need to regulate price of pork by the market price with certain management, and to prevent speculation and unreasonable price hiking in this sector.

Speaking at a meeting of the permanent Cabinet members in Hanoi, the leader pointed out the adverse impact of pork price hike on people’s daily lives as well as the consumer price index (CPI).

He asked the Ministries of Agriculture and Rural Development, and Industry and Trade to take drastic measures in order to reduce live pig price to below 60,000 VND (2.26 USD) per kg.

The leader suggested stepping up the restoration of pig herds and offering tax and bank loan incentives to businesses and households in order to increase the supply of the meat.

He also urged the Ministry of Agriculture and Rural Development to push ahead with pork processing, and control export.

According to the General Statistics Office, live pig price ranges from 72,000 VND to 85,000 VND per kg in the domestic market.

The price hike was due to the impact of the African swine fever, avian influenza and COVID-19./.

VNA

#pork price #Prime Minister Nguyen Xuan Phuc #consumer price index #live pig price #pig herds #Ministry of Agriculture and Rural Development #Vietnam #VietnamPlus #Viet Nam News

See more

Prime Minister Pham Minh Chinh and Thai Prime Minister Paetongtarn Shinawatra witnessed the exchange of the MoU between the Ministry of Industry and Trade and Thailand's Central Group. (Photo: VNA)

MoIT, Thailand’s Central Group forge partnership to boost Vietnamese exports

16/05/2025 18:00

The MoU, signed as part of Thai Prime Minister Paetongtarn Shinawatra’s official visit to Vietnam from May 15-16, was the result of extensive discussions between the two sides, aimed at enhancing the presence and competitiveness of Vietnamese products, particularly consumer goods, and agricultural and aquatic products.

Chu Lai Port welcomes the Chana Bhum, a Singapore-flagged vessel operated by RCL, marking the opening of the Chu Lai–India shipping route. (Photo: VNA)

Vietnamese firm, Thailand-based shipping line cooperate to launch Chu Lai - India direct call service

16/05/2025 16:24

The direct call service helps cut transportation time, reduce costs, increase competitiveness by bypassing major transshipment ports in northern and southern Vietnam. At the same time, it opens up new trade opportunities, promotes logistics activities, develops supply chains, strengthens regional connectivity, and enhances the position of Chu Lai Port on the international maritime map.

The launch ceremony of the NAPAS – Mastercard co-badged card (Photo: VNA)

Vietnam launches first NAPAS – Mastercard co-badged card

16/05/2025 15:31

This marked the first collaboration of its kind between a domestic switching network and an international card scheme in the Vietnamese market.

Vietnam’s plan to cut US car tariffs faces limited short-term impact

16/05/2025 12:57

While the policy reflects Vietnam’s intent to strengthen trade relations with the US, the real impact on car prices will be modest partly because import tariffs are just one part of the vehicle's cost.

Deputy Minister of Finance Cao Anh Tuan grants an interview to the Vietnam News Agency (VNA). (Photo: VNA)

Vietnam, US foster bilateral economic, financial cooperation

16/05/2025 10:51

Strengthening the Vietnam - US economic and financial cooperation will open new avenues for collaboration and serve as a symbol of trust and a substantive Comprehensive Strategic Partnership for mutual prosperity, a Vietnamese official has said.

The daily reference exchange rate for the US dollar is at 24,960 VND/USD on May 16. (Photo: VNA)

Reference exchange rate down 10 VND on May 16

16/05/2025 08:45

The daily reference exchange rate for the US dollar fell 10 VND from the previous day to stand at 24,960 VND/USD on May 16.

A recently developed urban centre in Nam Tu Liem district, Hanoi. (Photo: VNA)

Satellite cities seen as a solution to Hanoi's urban expansion

16/05/2025 08:43

While Hanoi remains the economic driver in finance, logistics and innovation, neighbouring localities are evolving into manufacturing and logistics belts, supplying land, labour and support services, particularly for high-tech industries.

Resolution 68: A game-changer for Vietnam’s private sector

16/05/2025 08:30

Beyond regulatory reform, Resolution 68 provides support policies for access to land, capital, and high-quality human resources, while also promoting digital transformation, innovation, sustainable development, and global value chain integration.

A booth at VietOffice 2024. The first VietOffice held in May last year was a success, generating positive results. (Photo: VNA)

VietOffice 2025 expected to attract 100 exhibitors

16/05/2025 06:19

The event will see the participation of about 100 exhibitors from eight countries and territories, namerly India, Taiwan (China), China, the Republic of Korea, Japan, Hong Kong (China), the US, and Vietnam.

Exporters diversify orders to reduce reliance on single market

16/05/2025 01:29

Facing the risks posed by trade barriers and potential reciprocal tariffs from the US, many businesses have proactively shifted their market strategies, stepped up trade promotion, and diversified their orders to reduce reliance on a single market.

A customer buys petrol at a station in Hanoi. (Photo: VNA)

Government proposes 2-pp VAT reduction on select goods and services until 2026

16/05/2025 00:09

A 2-percentage-point reduction in the value-added tax (VAT) for goods and services will lead to a decrease in state revenue by approximately 121.74 trillion VND (over 4.69 billion USD) over the proposed period. This includes an estimated 39.54 trillion VND in the second half of 2025 and 82.2 trillion VND in 2026.

A roundtable discussion with Francophone businesses interested in investing and doing business in Vietnam, Paris, May 14. (Photo: VNA)

Francophone businesses ready to embrace new investment opportunities in Vietnam

15/05/2025 19:22

Many Francophone businesses expressed interest in upcoming opportunities and outlined their expectations for deeper cooperation and future investment in Vietnam.

Spokeswoman of the Ministry of Foreign Affairs Pham Thu Hang (Photo: VNA)

Vietnam, US hold conductive trade negotiations: Spokesperson

15/05/2025 18:37

She affirmed that Vietnam has been actively and proactively promoting balanced and sustainable trade and investment cooperation with the US on the basis of effectiveness, frankness, equality, mutual respect, and mutual benefit.

Petrol prices up in latest adjustment

15/05/2025 15:40

E5 RON92 petrol is now capped at 19,180 VND (0.74 USD) per litre, up 403 VND from the previous adjustment, while RON95-III petrol costs 19,594 VND per litre, up 415 VND.

Harvest season in Can Tho city. Vietnam is projected to become the world’s second – largest rice importer in 2025-26. (Photo: VNA)

Vietnam forecast to become world’s second-largest rice importer by 2025–26

15/05/2025 15:25

Vietnam’s rice exports reached a record 9.04 million tonnes in 2024, up 11 percent year-on-year, with an increase of 21% in value to reach 5.7 billion USD. Meanwhile, rice import totalled 3.7 million tonnes last year.

Delegates at the groundbreaking ceremony. (Photo: VNA)

Ba Ria-Vung Tau: New phase of luxury resort project kicks off

15/05/2025 15:20

The nearly 1 billion USD subdivision includes a system of 5-star hotels, resort villas, entertainment facilities, a casino, and an international convention and exhibition centre, with more than 6,000 rooms, serving over 18,000 guests at the same time.