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Prices of key goods continue to drop
Prices of several commodities will continue to drop by 5-10 per cent in September, according to the HCM City Department of Industry and Trade.
Several HCM City-based cooking gas trading companies lowered the price of each 12 kilo canister by VND10,000 as of September 1 in response to global prices falling US$55 per tonne to last month to $820 per tonne.
The maximum cooking gas retail price is now VND256,000 ($15.5) per 12-kilo canister.
Prices of construction steel have also gone down in recent weeks. Several steel producers cut prices by VND100,000-300,000 per tonne this week.
Rolled steel and bar steel now go for VND17.2-17.5 million per tonne and VND17.4-17.6 million ($1,043-1,068) per tonne, respectively. Meanwhile, prices for several construction bricks dropped by VND300-400 each to around VND800-1,000 each.
Down 10-15 percent, ceramic and granite bricks are now sold for VND70,000-80,000 ($4.2-4.85) per sq.m and VND125,000-350,000 ($7.58-21.2) per sq.m, respectively.
At Binh Dien Wholesale Market in District 8, prices of several seafood products per kilo are VND2,000-5,000 lower than last week's prices.
Rates of several items like potatos, carrots, French string beans and cucumbers decreased by VND500-1,000 per kilo at Thu Duc Agricultural Products Wholesale Market.
Nguyen Thanh Ha, deputy trading director of Thu Duc Agricultural Products Wholesale Market, said prices will go down again in one or two more weeks in anticipation of a large shipment of Chinese produce.
According to the Department of Industry and Trade's estimates, with the fall of raw material prices globally, the lower rate of the US dollar domestically made several goods, especially imported ones, cheaper. Last month's two fuel price drops sent several companies re-adjusting the prices of their commodities and services for the near future.
Sai Gon Plastics Joint Stock Company plans to reduce their selling prices in tandem with the drop of plastics prices in the global market, said general director Lai Anh Viet. Some household appliances plastic producers plan to cut prices by 5-10 per cent this month.
VNN
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