Society

Induction stoves popular in City as gas prices rise

With cooking-gas prices rising relentlessly, induction and infrared stoves are seeing boom in demand, Ho Chi Minh City electronic retailers said.

With cooking-gasprices rising relentlessly, induction and infrared stoves are seeingboom in demand, Ho Chi Minh City electronic retailers said.

Nguyen Thi Ngoc Thuy, director of the household appliances section atdienmay.com, said "since the middle of last year, demand for thesestoves has increased." In November sales was month-on-month up by 5-7percent, she said.

A marketing staff from Thien HoaElectronic Centre in the southern hub also told Viet Nam News that hischain sold an increasing number of induction and infrared stoves.

An article on a Ministry of Transport website quoted the head ofmarketing of online seller www.chodientu.vn as saying that electricstoves now accounted for 30 percent of all sales.

There are many kinds of induction and infrared stoves, both imported andmade in Vietnam. Thuy of dienmay.com said her company sells many brandslike Kangaroo, Media, and Electrolux.

"Price rangesfrom 490,000 VND (23 USD) to 2 million VND (95 USD). High-end stovescost tens of millions of dong," she told Viet Nam News.

She predicted sales to continue rising in the coming months becauseTet (Lunar New Year) is coming around and people need these stoves forcooking hot pots.

Sellers said induction andinfrared stoves offered many advantages. Gas prices are high and thestoves are not as safe as induction or infrared stoves, they said.

Thuy said the latter helps save energy and money compared to gasstoves, is cleaner, and better looking. "When using an induction stove,consumers can use 95 percent of its energy. The figure is 80 percent forinfrared stoves and only 60 percent for gas stoves."

Talking about the future of gas stoves, most sellers said though manypeople were buying induction and infrared stoves, gas stoves wouldremain essential in Vietnam due to power cuts.

Thus, many customers are now choosing to use both gas and induction (or infrared) stoves at the same time, they said.

Retail gas prices increase 80,000 VND to 485,000 VND per 12kg canisterfrom December 1, posting the record high since February 2012,causing difficulties for both gas traders and household consumers.

To help lower the price, the Vietnam Gas Association sent a request toministry to reduce the current 5 percent tariff to zero percent soretail prices will fall by 17,000 VND (80 cents) a canister.

While the Ministry of Industry and Trade also supported theassociation's request, the finance ministry did not think it was thecorrect time for a tariff adjustment.-VNA

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