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Domestic prices ‘to stabilise'
Despite jitters in the financial market, the Ministry of Industry and Trade's Domestic Market Management Team predicted that domestic prices would stabilise in the coming months.
However, the price of oil and gas is expected to increase above global levels.
Declines in the US dollar against other currencies has helped to offset rises in domestic inflation over the last three months.
Global rice prices declined by US$200 per tonne in June in Viet Nam and Thailand compared to last December.
The country's rice exports rose from 3.3 million tonnes to 3.5 million tonnes by the end of June. Output is estimated to total about 6.3 million tonnes this year.
In the meat sector, pork consumption increased in the northern provinces, despite rises of between VND1,000 to VND2,000 per kilogram against May.
The price of beef is about VND135,000-VND145,000 per kilogram, an increase of VND5,000 against May.
Imports of milk and dairy products are estimated to be worth $353.4 million, up 54.2 per cent against the same period last year.
In the non-food sector, cement production in June reached 4.41 million tonnes, down 0.03 per cent compared to May.
The liquefied petroleum gas price dropped $50 per tonne against May. The retail price was about VND280,000 and VND300,000 per canister.
The Ministry of Health, meanwhile, said in the first six months of this year, locally produced drug sales reached $437 million, while the cost of imported drugs was $556 million. Imported raw materials for drugs was $102 million.
vietnamnews
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