return icon

Local specialties plummeting in price

While Phu Yen lobster prices are surging, VND100,000 per kilogram more expensive than the previous crop, other aquatic specialties including ca lang (hemibagrus) and hau sua (oyster milk) have seen prices plummet, causing big losses for farmers.


Phu Yen lobster


Phu Yen lobster

Phu Yen’s farmers are in high harvesting season for lobster. After many years of crop failure because of natural disasters and epidemics, which caused prices to fall dramatically, farmers are happy this year because of the bountiful crop and high prices.

Lobsters are traded at VND680,000-700,000 per kilogram, or VND100,000 higher than the previous crops. On online market, live lobsters are offered at VND680,000-780,000 per kilogram.

Specialty surprisingly cheap

Ca lang is the specialty of Hoa Binh, Son La, Tuyen Quang and Phu Tho. With the typical good taste, this species of fish was used as tribute to kings in the past.

There are three species of ca lang, including red-tailed fish, priced at VND270,000-500,000 per kilogram, yellow fish VND300,000-400,000, while dotted fish VND120,000 only

Because of complicated developments of the pandemic, many cities and provinces are imposing social distancing, resulting in the sharp fall in seafood demand, including ca lang. Farmers sell ca lang at VND60,000 per kilogram only, while it is selling at VND85,000-115,000 per kilogram on online market.

Cage fish farmers in Nam Sach district said with the current selling prices, they incur a loss of VND50 million per fish cage (5 tons).

Quang Ninh oyster milk dirt cheap

Quang Ninh’s farmers have also suffered from seafood price falls. The price of oyster milk has fallen from VND20,000 per kilogram to VND3,000. On online market, oyster is sold at VND20,000-25,000. Meanwhile, at seafood shops or on e-commerce sites, one can buy at VND5,000 per oyster, or VND40,000-49,000 per kilogram.

Red flesh pomelo, Thai jackfruit unsold despite price falls

Before the Covid-19 pandemic recurring in late April, red flesh pomelo was exported in large quantities to other countries, and had high selling price in the domestic market, VND55,000-60,000 per kilogram.

But now first-class pomelo is sold at VND30,000-35,000 only, and despite the sharp price decrease of 50 percent, pomelo sales still go very slowly.

The same is occurring with Thai jackfruit. Since the pandemic recurrence, the price of jackfruit at gardens in Hai Duong, Thanh Hoa, Dak Lak, Dong Thap and Long An has been decreasing continuously.

While the retail price has fallen from VND25,000 to VND10,000 per kilogram, wholesale buyers can buy the fruit at VND8,000 only.

Field-raised fowls selling well

Ga dong in Vietnamese, or fowls raised in rice fields, which hide themselves in the bushes in dense rice fields in the border areas of the north and the west. A couple of ga dong (a hen and a cock) is sold for VND250,000 and they have been selling well during the pandemic.

According to Tan in Lao Cai Town, ga dong is a species of wild bird, but they have small size. A cock is 300-400 grams, while a hen is smaller, just 200-300 grams. They lay two or three litters a year in April-June. Their major feed is insects, small fish and nuts.

Purple sweet potato can’t be exported, prices plummet

Purple sweet potato cultivation helped many Vinh Long’s farmers earn big money in recent years from exports.

However, as exports have been stuck since Tet, the prices have fallen dramatically to VND3,000 per kilogram in the domestic market.

According to Son Van Luan from Thanh Ngoc Sweet Potato Cooperative, potatoes are still in the fields because of slow sales. The cooperative is the only buyer, while merchants have not turned up, partially because of travel restriction policies in many localities.

While farmers can sell potatoes at VND3,000 per kilogram only, consumers in Hanoi have to buy at VND15,000 per kilogram.

HCMC: wheat, rice flour prices surge

The demand for wheat and rice flour has unexpectedly increased because of social distancing. Since people have to stay at home for a long time, they try to ease stress by baking cakes. However, it’s not easy to buy flour at shops and supermarkets because of short supply.

Some housewives contacting online shops found prices had increased by 2-3 times. Dry rice vermicelli and vermicelli made of cassava have also increased.

Gia Lai passion fruit prices at 3-year peak

Passion fruit is collected at VND35,000-38,000 per kilogram (big size) for export and VND8,000-11,000 (small size), the highest price levels since 2018. Thanks to good prices, farmers can make a profit of hundreds of million of dong per hectare. 

Hanh Nguyen

Agriculture Ministry to open new path for farm produce sales

Agriculture Ministry to open new path for farm produce sales

“We have to figure out a new ‘farm produce path’ that allows us to connect fields and markets,” said Minister of Agriculture and Rural Development Le Minh Hoan.  

Experts propose solutions to supply chain disruptions caused by COVID-19

Experts propose solutions to supply chain disruptions caused by COVID-19

A group of experts of the Hanoi-based National Economics University have put forward several immediate solutions to remove bottlenecks and connect disrupted supply chains that have impacted localities hit by COVID-19.  



Securities under pressure from external risks

Although the US Federal Reserve (FED) raised the interest rate in the hope of reducing inflationary pressure, it has come as a shock to see a rise in the core US inflation data, despite falling oil prices.

Unemployment rate falls, workers' incomes increase

According to the General Statistics Office's Report, the labor and employment situation in the third quarter of 2022 continued to recover.

The most expensive birds in Vietnam

Red-whiskered bulbs (Pycnonotus jocosus) with original colors are priced at VND500 million and tiny chickens with original colors sell for thousands of USD.

Drinks from dracontomelon: A popular heat-relieving drink in Hanoi

Sweet drinks made from ‘sau’, a fruit which is known scientifically as Dracontomelon, are a popular heat-relieving drink in Hanoi during the hot summer.

1,000 authors with doctoral degree or higher compiled textbooks for new academic year

As many as 1,574 authorities participated in compiling textbooks for six grades in accordance with the new general education program issued in 2018.

Expectations positive for growth trajectory

The Vietnamese economy has been gradually bouncing back thanks to the government’s major efforts to curb the pandemic and remove obstructions to progress for enterprises.

Law on Pharmacy needs to be amended

The lack of medicine at public hospitals has caused concern among the public. The Prime Minister has instructed the Ministry of Finance (MOF) and relevant ministries to find solutions to resolve the problem.

FIEs seek streamlined workforce policy

The human resources of Vietnam are improving to meet the demand of foreign-invested enterprises. However, they may require stronger policies on visas to enhance performance and transfer high technologies to Vietnam

US investors display confidence in Vietnam

Vietnam and the United States are seeking ways to increase their investment and trade ties, with the latter pledging to support the latter in education, training, and the energy transition.

Entrepreneurs blaze a trail in the city

Die-hard entrepreneurs are re-inventing themselves to solve business problems and find their niches in Ho Chi Minh City.

VN ranks 48th in Global Innovation Index 2022

Vietnam ranked 48th among the 132 economies featured in the Global Innovation Index 2022 (GII 2022).

Outstanding policies take effect in October 2022

A string of new policies on higher vehicle registration fee, termination of compulsory unemployment insurance premium, electronic identification and authentication and cybersecurity come into effect in October 2022.

Vietnam issues new regulations on storing data in cyberspace businesses

The data must be stored for at least 24 months, and system logs for criminal investigation purposes must be stored for at least 12 months.

12 sailors dead from suspected food poisoning on Chinese vessel, nine more hospitalised

Nine more critical ill sailors were saved after being taken to hospital in the southern province of Ba Ria-Vung Tau.

Tran Van Thao becomes first Vietnamese IBA champion

Tran Van Thao won the International Boxing Association (IBA) belt after overcoming Andrew Laurio of the Philippines, marking a significant milestone in his career and Vietnamese boxing as a whole by becoming the nation’s first IBA champion.