Fishermen are experiencing tough days as they cannot go fishing as fuel prices have become too high. Staying ashore, they have been struggling to survive.

While bank debts for building ships are still hanging over fishermen’s heads, new difficulties are causing more serious burdens for them.

 VietNamNet Bridge – Taxi companies have made only superficial price cuts to mark the large fall in fuel prices, despite an order by Prime Minister Nguyen Tan Dung that transport rates must be lowered before Tet (Lunar New Year).

VietNamNet Bridge – Local experts have more grounds to believe that the Government’s target of curbing inflation at 6-7% this year is achievable given a slight consumer price index rise this month as announced by the General Statistics Office

The announcement about the petrol price increase to VND25,000 per liter, plus the excursion fee increases at most of the tourist sites, have dealt a strong blow on travel firms which have been sparing every dong to stimulate the demand.

 VietNamNet Bridge – Prices of a vast array of commodities are poised to rise from this month despite the low purchasing power as input costs have been increasing steadily, said retailers and researchers.

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This year’s favorable weather is believed to support fishermen. However, the fishing boats of the big groups in the sea city of Hai Phong still have been staying ashore because the ship owners cannot find seamen.

Fuel wholesalers can extract up to VND2,000 for each liter of gasoline and VND650-1,150 for every liter of oil from the price stabilization fund to cover their losses and keep the current retail prices unchanged.