MM Mega Market said there is imported pork at the supermarket chain, but the amount is very small, just accounting for 3 percent. This means that 97 percent of pork available there is from domestic sources. Tran Van Minh, a merchant at Tan Xuan Market, also said that the high price has cut pork sales. The meat supply has improved thanks to the live pigs imported from Thailand. In addition, frozen pork is akso available at some big markets. … [Read more...] about Where is all the imported pork?
A stabilisation of credit growth will reduce pressure on the central bank to deliver any broad-based monetary easing through its benchmark policy rates to strengthen economic growth and instead allow it to focus on managing inflation. Accordingly, Fitch Solutions forecast Vietnam’s benchmark refinancing rate to remain at 6.00% through 2020. Inflation surged to 5.2% y-o-y in December 2019, from 3.5% y-o-y in November 2019 and 2.2% y-o-y in October 2019, on the back of surging food inflation (40% of the inflation basket). Food inflation almost doubled to 9.2% y-o-y in December 2019, from 5.6% y-o-y in November 2019, on the back of rocketing pork prices due to the outbreak of African Swine Fever, which has affected all 63 provinces in Vietnam. … [Read more...] about Vietnam’s credit growth to stabilise, inflation to be elevated In 2020: Fitch Solutions
The US Federal Reserve (FED) decided to lower the basic interest rate by 0.25 percent from 2.25 percent to 2 percent (on July 31), marking the first time the body has reduced the USD interest rate since December 2008.overall inflation was higher than the core inflation. This reflected that the price fluctuations were mainly due to the increase in food, foodstuff, gasoline, health and education services. The 1.9 percent hike shows that the monetary policy remains stable,” she said./. … [Read more...] about Rising health service prices contribute to 0.28-percent CPI increase
Nguyen Thi Na, a worker at Cau Dien industrial park, who shops at Cau Dien market in Nam Tu Liem District, said the price of pork ranges from VND130,000-150,000 per kilo at this market, which is so high that she only buys once or twice per week. … [Read more...] about Hà Nội to have enough pork during Tet: officials