Pricing approaches in marketing

Motorists refuel vehicles at a fuel station in Ha Noi. The new Government Decree 83, which oversees regulations on fuel trading in the country, is said to continue support for a fuel price stabilisation fund. — VNA Photo Fuel price stabilisation fund helps the central government manage domestic fuel price in a foreseeable future, said Hoang Anh Tuan, deputy head of the domestic market department under the Ministry of Industry and Trade in a recent meeting with industry leaders. The new Government Decree 83, which oversees regulations on fuel trading in the country, will continue to sanction the controversial fund. Fuel traders and transport companies have argued that the fund, which is funded by fuel consumers for the most part and therefore effectively adds to fuel price, delivers little to no benefits for traders and consumers alike. In addition, it also creates a gap between the domestic price for fuel and that of the international market which may encourage certain … [Read more...] about State to continue support for fuel price fund

Originally called Khanh Hai, the Nai seafood market acquires its name from its location in the Nai lagoon, between the Ninh Chu and Tri Thuy bridges, in Ninh Hai District.   This is the most famous seafood market in Ninh Thuan Province and is at its busiest in the afternoon, when boats with baskets of fresh seafood return from the sea. The market sells a variety of seafood, from mackerel scad and red snapper to shrimp and crab. Seafood sold here are both farm raised and caught at sea. Most sellers in the market are families of fishermen and traders in the area. When shopping at the Nai market, customers do not have to bargain because merchants are invariably friendly and honest. Depending on the variety, people can purchase lobster for a price of VND200,000-900,000 ($8.6-39) per kilo. Wild caught lobster costs the most, with a starting price of VND700,000 ($30) per kilo. Ninh Thuan is known for its lobsters, especially near Vinh Hy Island. The market also … [Read more...] about Central Vietnam market presents seafood treasures

  Prices of condotels across the country have dropped by 8 per cent this year compared to 2018. Photo Batdongsan.com.vn HCM CITY — Prices of condotels have dropped by 8 per cent this year compared to 2018 following disruptions in the profit commitments made to buyers, according to real estate portal Batdongsan.com.vn. The website has released an overview of the real estate market this year, noting the “gloomy” signs in the condotel segment next year. “The year 2020 will be a tough one for the condotel segment as investors are losing confidence after the recent failure by a developer to commit to paying a huge yearly profit of 12 per cent to its customers,” it said. The average price of condotels nationwide dropped from VNĐ40 million (US$1,723) per square metre last year to only VNĐ35 million in the fourth quarter this year, a fall of 8 per cent year-on-year. The potential of the condotel segment is considered less attractive than … [Read more...] about Condotel prices fall amid failed profit commitments

Vietnam expects to earn 600 million USD from tra fish export in the first quarter of the year. (Photo: VNA) Hanoi (VNA) – Vietnam expects to earn 600 million USD from tra fish export in the first quarter of the year, a year-on-year jump of 35 percent. Of the figure, exports to the US are estimated at 95 million USD (up 26 percent), China at 125 million USD (up 23.7 percent) and the EU at 67 million USD (up 21 percent). Experts have forecast bright prospects for tra fish exports this year based on robust market signs. Last year, tra fish shipments brought home a record of 2.26 billion USD and the figure is hoped to rise to 2.3 - 2.4 billion USD for 2019. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the Food Safety and Inspection Service (FSIS) of the US Department of Agriculture has proposed that Vietnam, along with Thailand and China, has a catfish inspection system equivalent to those in the US, and thus eligible for exporting the fish … [Read more...] about Tra fish export expected to bring home 600 million USD in Q1

Vietnamese conglomerate Vingroup has launched the sale of its five smart TV models that can fetch up to US$730. Following the launch of Vsmart smartphones last December, VinSmart, the electronics subsidiary of Vingroup, announced on Saturday it had officially started selling five models of Vsmart televisions to the market. Powered by Google’s Android TV, the first generation of Vsmart smart TVs is manufactured at Hoa Lac Hi-Tech Park in Hanoi. Vsmart televisions are manufactured at the factory of VinSmart. Photo: B.Chi / Tuoi Tre According to Le Thi Thu Thuy, Vingroup’s vice-chairwoman and VinSmart’s general director, users can install more than 5,000 applications available on Google Play, as well as gain quick access to YouTube by pressing a button on their remote control. The TVs are categorized into two series, KE and KD, designed with 4K resolution and screen sizes ranging from 43 to 55 inches. The devices support HDR10, use Dolby sound technology, and offer … [Read more...] about Vietnam’s Vingroup launches sale of five smart TV models