Cambodia registered a remarkably sound consumer inflation rate of 2.5 per cent in the first half (H1) of this year by virtue of the slow rise in food prices, slipping petrol rates and stabilisation of local currency against the US dollar, the National Bank of Cambodia (NBC) said in its semi-annual report on Wednesday.
While the inflationary pressure, especially driven by hikes in prices of oil and food, devalues some currencies, Vietnam’s inflation target would remain unchanged.
Nguyen Anh Duc, general director of Saigon Co.op, said the rate of cashless payment at its system, including Co.opmart, Co.opXtra, Co.op Food, and Co.op Smile, has increased sharply since last year from 3-5 per cent to nearly 21 per cent now.
The Consulate General of Viet Nam in Guangxi Province, China and the Asia-Africa Market Department have warned local businesses that Guangxi is carrying out a number of measures to strengthen control of food origin and quality, according to the Ministry of Industry and Trade (MoIT).
Ly Ly Food Industry Co Ltd, one of the Kingdom’s largest food processing small and medium-sized enterprises (SMEs), has recorded a gradual recovery in exports, after the Covid-19 crisis left the industry in doldrums.
More food products have been bought online since the COVID-19 outbreak, online sellers have said.
In June 2020, Tetra Pak, a global leader in food processing and packaging solutions, reconfirms its strategic priority to drive the sustainability transformation by setting an ambitious net zero emissions target across the value chain by 2050, supporting this with an intermediate 2030 target of net zero carbon emissions across its own operations.
The Ministry of Industry and Trade (MoIT) has recommended local enterprises to strictly implement regulations on food safety for farming and seafood products exported to China to avoid them getting stuck at border gates.
Garments and household appliances are out of the top purchase list of Vietnamese consumers in the rest of the year.
Seeing food and health care products have become a priority of consumers after the COVID-19 pandemic, many businesses are racing to grab market share.