The high gasoline prices (the highest level in the past seven years) have put pressure and affected many production and business activities of businesses and people. Over the past week, many types of goods, food, and services in Ho Chi Minh City have also rushed to raise their prices.
The promotional program to stimulate the purchasing power on the occasion of the Reunification Day and the International Workers’ Day is going to end, while the prices of input materials have been climbing sharply, significantly affecting the pressure of increasing the selling prices of many essential goods.
Ho Chi Minh City has prepared food and necessary products with a year on year increase of 30-40 percent in the first quarter of 2020 to ensure supply in case of the novel coronavirus spread, according to a supply and demand balance plan signed by Deputy Director of the Department of Industry and Trade Nguyen Huynh Trang on February 10.
Farmers in the Mekong Delta region of Vietnam have harvested about 200,000 hectares of winter spring rice with bumper crop and good price, expected to reap other 300,000 hectares out of the total sowed area of 1.5 million hectares by the end of this month.
Pangasisus fish prices in the Mekong Delta remained high swinging from VND28,000-29,000 a kilogram in year end days, the highest level for the last many years, said deputy chairman of Seafood Farming and Export Association in An Giang province yesterday.
Vietnam saw a reduction of 1.2 million pigs in the first half this year, said Mr. Hoang Thanh Van, head of the Livestock Department under the Ministry of Agriculture and Rural Development yesterday explaining the recent price surge.
The real estate market saw transaction reduction in both Hanoi and HCMC during the first quarter this year and price increase of 7-10 percent over the same period last year, reported Vietnam Real Estate Association yesterday.