New regulations on maximum prices of dairy

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NEW REGULATIONS ON MAXIMUM PRICES OF DAIRY PRODUCTS

At the Decision No. 1079/QD-BTC dated May 20, 2014 of the Ministry of Finance on measure application to stabilize the prices of dairy products for infants under 6, the Ministry of Finance provides detailed regulations on maximum price applied for 25 dairy products for infants under 6, within that, the price of Dielac Alpha 123 Tin Can 900g is VND 167.000 per can; Dielac Alpha Step 2 Tin Can 900g is VND 188.000 per can; Dielac Alpha 123 Carton Pack 400g is VND 72.000 per can; Dielac Pedia 1+ HT 900g is VND 278.000 per can; Dielac Alpha Step 1 Tin Can 900g is VND 180.000 per can…These prices are included VAT tax.

With respect to other dairy products being currently sold on market, organization and individual shall have to refer to the regulation on general pricing method applied for commodity and services issued by the Ministry of Finance, and compare the price of such dairy products with that of those dairy products that have been already publicly fixed with the maximum price in order to define their own maximum price, for submission to the competent price management authorities.   With respect to new dairy products that have not been marketed yet, organization and individual shall refer to the regulation on general pricing method applied for commodity and services issued by the Ministry of Finance, and compare their price with that of those dairy products that have been currently marketed and have been already publicly fixed with the maximum price in order to define the maximum price of new dairy products, submitted to competent price management authorities.

Maximum retailing price shall be defined by the maximum wholesaling price plus other relevant costs, as instructed by competent price management authorities, which do not exceed 15% of maximum wholesaling price.

This Decision takes effect on June 01, 2014; the wholesaling and retailing price shall be governed no later than 10 days and 20 days respectively from the effective date of this Decision.