The Ministry of Industry and Trade (MoIT) has issued a directive, urging agencies to stimulate consumer demand and promote domestic goods during the Tet (Lunar New Year) holiday and the first quarter of the year.
As part of the efforts against the sudden price hikes, Malaysia’s Ministry of Domestic Trade and Cost of Living (KPDN) has launched the Price Catcher application that displays the prices of 480 items at traditional markets, supermarkets, and grocery stores.
Thailand's economy has gone into stagflation because of a fragile recovery and surging price hikes, according to an economist at the Economic Intelligence Centre (EIC), a research unit under the Siam Commercial Bank (SCB).
Localities in the Mekong Delta have coordinated with relevant agencies and businesses to ensure the COVID-19 outbreak does not disrupt the supply of essential goods or causes price hikes, and plan to carry out food safety inspections to ensure people can shop safely.
The consumer price index (CPI) of Ho Chi Minh City in March fell by 0.58 percent compared to the previous month, according to the municipal Statistics Office.
The southern metropolis of Ho Chi Minh City posted a month-on-month rise of 0.38 percent in the consumer price index (CPI) in October, the municipal Statistics Office reported.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) grew 3.3 points, or 0.36 percent, from last week to hit 912.18 points on the week’s first trading day, January 28.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose by 8.74 points to reach 889.64 points on January 7, the first transaction day of the week.
Price hikes in key staples will not happen in Ho Chi Minh City during the lunar New Year (Tet) holidays, Vice Chairman of the municipal People’s Committee Le Thanh Liem has affirmed.
The consumer price index (CPI) of Ho Chi Minh City in June increased 0.55 percent from the previous month and 3.47 percent compared to the same month last year, the municipal Statistics Office reported on June 29.
Vietnam’s consumer price index (CPI) in January grew 0.51 percent from the previous month and 2.65 percent from the same period last year, driven by price hikes in 10 of the 11 groups of commodities.
Indonesia will import 500,000 tonnes of rice from Vietnam and Thailand to contain rice price hikes and declining supply in the local market, said Indonesian Minister of Trade Enggartiasto Lukita.
The Consumer Index (CPI) in October gained 0.41 percent over September and 2.98 percent year-on-year, largely driven by impacts of storms and historic floods in northern and central Vietnam earlier this month.
More than 230 trillion VND (10.2 billion USD) of goods have been reserved by businesses and price stabilisation outlets for the upcoming Tet (Lunar New Year) Holiday.
HCM City has instructed producers and distributors of many key goods to ensure the supply from now until mid-February be at least 40 percent higher than a year earlier to ensure no shortages in Tet.
