Vietnamplus

Raising or keeping the current ceiling price and floor price for domestic air tickets remained a contentious issue among National Assembly deputies.

On the sidelines of the 15th National Assembly’s ongoing fifth plenary session, deputies stressed the need to maintain a cap on airfares, as the legislature plans to discuss different opinions of the draft Law on Price (amended) on May 23 afternoon.

The Ministry of Industry and Trade has recently introduced new ceiling prices for solar and wind energy in Vietnam.

The retail prices of oil and petrol went up remarkably in the latest adjustment by the ministries of Finance and Industry and Trade on April 2.

The price of E5 bio-petrol has dropped by 1,446 VND per litre, while that of RON95 fell 1,513 VND per litre following an announcement of petrol price adjustments released by the Ministry of Finance and Ministry of Industry and Trade on December 6.

The European Chamber of Commerce in Vietnam’s Nutritional Foods Group (NFG) recommended that the Government remove the price ceiling on milk products for children under six years.

The Ministry of Industry and Trade has decided to keep thermal and hydroelectric power price ceilings unchanged in 2017.

Minister of Finance Dinh Tien Dung said Vietnam would consider the removal of the ceiling price for dairy products for children aged under six from July, 2016.

The prices of RON 92 petrol and E5 bio-fuel increased 670 VND and 570 VND per litre, respectively, as of 4:30 p.m. on March 21.

Greenback prices fell again in the local market on October 16 while gold prices went up on the same day.

The US dollar prices at Vietnam’s commercial banks soared on August 24, getting closer to the ceiling price set by the State Bank of Vietnam (SBV).