Hundreds of companies told to register prices

HCMC – The Ministry of Finance has announced on its website a list of more than 150 companies that are required to register prices for their products in compliance with a circular on price stabilization.

The listed companies must register with the authorities the prices of their products, including imports in accordance with Circular No.122/2010/TT-BTC issued on August 12, and are obliged to stick to the registered prices.

In the list, there are seven companies providing dairy products for children under six, including FrieslandCampina Vietnam, Nestlé Vietnam Ltd., Mead Johnson Nutrition Vietnam and Meiji Vietnam.  

The list also comprises many manufacturers of cement, steel, liquefied petroleum gas, chemical fertilizer, plant protection chemical, veterinary medicine, salt, and sugar, and service providers like seaports and aviation.  

The ministry said it had made the list of the companies and sent announcements to them before the circular took effect on October 1.

The full list is available on the ministry’s website at http://www.mof.gov.vn/portal/pls/portal/docs/1080266.DOC.  

Earlier, Nguyen Tien Thoa, director of the ministry’s Price Management Department, was quoted on the Government’s website in September as saying that the circular did not contradict the country’s commitments to the World Trade Organization. The comment was made after foreign-invested companies and some ambassadors to Vietnam complained that the price management regulations would discourage investors.

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Supermarket prices go super low

HA NOI — A large number of supermarkets in big cities like Ha Noi and HCM City have cut down prices of many products in response to a campaign to attract more international and domestic consumers during the low season.

Accordingly, most products in big supermarkets such as Citimart, Lotte Mart, Maximark, Big C and Fivimart have been discounted by up to 50 per cent.

Big C recently announced four promotional programmes, in which the prices of about 1,500 products will be cut down by between 5 and 50 per cent.

The supermarket also affirmed that with the discount programmes, quality and hygiene safety would be ensured.

In HCM City, many supermarkets already announced their discount programmes.

The Saigon Co.op Mart chain programme entitled "Proud Vietnamese Goods" has attracted many customers, with more than 15,000 discounted goods.

About 400 suppliers had joined in this programme, which would last from August 22 to September 19, said a representative of the supermarket.

The programme was a festival for domestic producers and distributors to show off their abilities.

It was also a good chance for consumers to use Vietnamese products, said Nguyen Thi Hanh, general director of Saigon Co.op Mart.

According to HCM City's Industry and Trade Department, more than 300 companies have registered to join the promotion programme.

About 1,000 places to sell discounted goods would be installed, with prices to be cut down by between 4 and 49 per cent, the department said.

Besides discount programmes, producers would also bring their goods to rural areas and industrial zones, said Tran Vinh Nhung, deputy director of the department. — VNS

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