Industry and Trade Ministry manages prices of 877 infant formula products

The Ministry of Finance on January 13 handed over documents relating to management of 877 formula milk products for children of less than six years old to the Ministry of Industry and Trade.
 
A formula shop in HCMC (Photo: SGGP)

The Domestic Market Department under the Industry and Trade Ministry will be responsible for price management to these products.
 
At present, the country has 877 registered formula products for children of below six years old. Their registered and maximum prices are publicized in the portals of the Ministry of Finance and local financial departments.
 
Since June 2014, baby formulas have been taken in the list of subsidized products with a cap on ceiling prices of 600 products. The difference between retailed and wholesale prices has not exceeded 15 percent.

By Phuc Hau – Translated by Hai Mien

Other news

Most view

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.