MoIT tightens export activities to lower goods prices

MoIT tightens export activities to lower goods prices

The prices of many domestic and imported raw materials have climbed by 10-300 percent. This fact has put many enterprises, especially food and foodstuff manufacturing enterprises, at risk of having to increase their selling prices. Amid such context, the Ministry of Industry and Trade (MoIT) has issued regulations to restrict the export of some groups of raw materials in the production chain of domestic enterprises. This is a necessary solution to lower the cost of these items.
Food processing at CJ Cau Tre Joint Stock Company. (Photo: SGGP)

Domestic food manufacturers capable of competing with foreign ones

As for Ho Chi Minh City, where about 70 percent of food and foodstuff manufacturing and processing enterprises in the country are located, many experts said that there should be mechanisms and policies to attract investment for the implementation of two important projects, comprising the project to develop cold storage warehouses and the project to build raw material growing areas, establishing a production chain of the industry.
Enterprises promote import of pork into Vietnam

Enterprises promote import of pork into Vietnam

The Ministry of Industry and Trade on December 17 announced that, currently, enterprises have been promoting import of pork into Vietnam amid the situation that the price of pigs has risen to VND90,000 per kilogram and large husbandry enterprises are also taking advantage of high pork prices.