Vietnam to cap prices for formula for kids under six

The Ministry of Industry and Trade (MoIT) yesterday announced it will put ceiling on  wholesale and retail prices of dairy goods for children under six years old from now to end of March.

A few days ago, the Ministry of Finance transferred management of dairy products to MoIT.

Accordingly, MoIT ordered businesses and distributors of milk products to verify the price cap for wholesale and retail and write report to responsible agencies for registration.

After the authority approved the price cap, these businesses and companies must publicize the price of milk products in the shops distribution channels as per the regulation.

Responsible agencies must also show the cap price of milk product to the public and to the Ministry as well as pay visits to businesses and shops to inspect how much dairy products are sold in these places.

People’s committees in cities and provinces must monitor the price of the products.

By Phuc Hau – translated by Uyen Phuong

Other news

Most view


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.


Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.


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

DIG issue 14 million shares

Development Investment Construction Joint Stock Corp (DIG)’s shareholders have approved its plan to issue 14.3 million shares in the second and third quarters of 2018.