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Update news powdered milk
VietNamNet Bridge – The government has prohibited manufacturers and distributors to advertise milk-formula products used to replace breast milk.
VietNamNet Bridge – The government has agreed to set up ceiling prices on formula products in an effort to control the formula market, in which prices have been uncontrollably escalating. But analysts don’t think this will help.
VietNamNet Bridge – Formula manufacturers and distributors have laughed scornfully at the statement by the Ministry of Finance (MOF) to set ceiling for the formula selling prices, believing that this is unfeasible.
Unaware of how high the formula prices in Vietnam are in comparison with the other regional countries, the Ministry of Finance’s Price Control Agency is now incurring the heavy fire of public opinion.
VietNamNet Bridge – The Ministry of Finance (MOF), while affirming that it would use its power to prevent the formula price escalation, has stated that it may set the ceiling prices for the products.