Vietnam: Green vegetables and many items increase in price

Published 2021년 11월 12일

Tridge summary

The article reports a significant increase in the prices of vegetables and fruits in Ho Chi Minh City and the surrounding areas of Vietnam, due to increased production costs and the scarce supply of goods. Small traders are hiking up the prices of tomatoes, lettuce, and spinach by 5,000-7,000 VND/kg, and green lolo lettuce and Da Lat bell pepper by as much as 17,000-23,000 VND/kg, respectively. The price hike is attributed to the reopening of vegetable gathering points in Ho Chi Minh City, which has led to an influx of imports from the Lam Dong province. Despite these increases, the Ho Chi Minh City Department of Industry and Trade assures consumers that there will be no product shortage, as the supply is expected to diversify by year-end. To offset the price surge, supermarkets, trade centers, and traditional markets are keeping prices stable, and shopping stimulus programs have been launched to provide more affordable options for consumers during the New Year's Eve and the 2022 Lunar New Year.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

For example, on the intersection between Duong Thi Muoi and Truong Thi Hoa (district 12), small traders sell tomatoes for 20,000-30,000 VND/kg, an increase of 5,000-7,000 VND/kg; lettuce from 50,000-55,000 VND/kg, spinach 40,000-45,000 VND/kg, an increase of about 5,000 VND/kg… A number of businesses specializing in the trading of vegetables, fruits and fresh foods of all kinds in District 12 said that they had received information about increasing prices of goods from suppliers from the end of September 2021. The reason for the price increase is that production costs, input materials... all increased compared to half a year ago. A director of a business in Ho Chi Minh City admitted: “After many negotiations with suppliers, we were forced to increase the selling price by about 70% of the total number of items. The remaining 30%, although the contracts still commit to the old price until the end of 2021, it is not guaranteed that the 2022 Lunar New Year will not increase, because a ...

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