Friesland Campina Vietnam, a company that offers consumers a wide range of quality dairy products under brand names Dutch Lady, Friso, Fristi and Yo Most, on February 9 officially announced an increase of 5 per cent on several of its products.
The hike in price on fresh and sweetened condensed milk will be effective from February 13. The company explained the hike on increased cost of raw materials and production overheads that have skyrocketed compared to the same period last year.
On the same day, most of the milk agencies were informed of new prices for formulas.
A dozen dairy products of Fonterra Brands in Vietnam, including Anlene, which is a formula for adults to help maintain optimal bone health and Anmum, which helps boost health of both mothers and babies, will increase by 10 per cent from February 13.
Nguyen Muoi, a shop owner on 1 Nguyen Thong Street in District 3, said that only Vinamilk dairy products had increased their prices reasonably and maintained a standard price level throughout the year, while other companies just needed a pretext to increase rates.