Chili prices fall more than ten times compared to last year, Quang Ngai farmers suffer heavy losses
In Quang Ngai, more than 765 hectares of chili peppers are entering harvest with quite high yields, but selling prices have dropped sharply to only 5,000-7,000 VND/kg, much lower than the level of 50,000-70,000 VND/kg in the same period last year. This has caused farmers to fall into a situation of "bumper crop, price drop", and income has seriously decreased.
The main reason is that output depends heavily on the Chinese market, while demand this year has decreased sharply, and transportation costs have increased, causing export difficulties. Many chili growers, despite a bumper crop, do not dare to hire workers to harvest because the selling price is not enough to cover production costs.
Faced with that situation, people have to dry chili peppers along the roads to wait for prices to rise, hoping to reduce losses. However, both small-scale and large-scale farming households suffer heavy losses, showing that the problem of market dependence and unstable output is still a major challenge for local agricultural products. See more...
Understanding taxes correctly: Should business households with revenue over 3 billion VND be transferred to companies?
Gold prices plummet, stores no longer have long lines waiting to buy
In Hanoi on April 11, when gold prices cooled down, the buying and selling atmosphere on gold streets such as Tran Nhan Tong, Mai Hac De still maintained but has decreased significantly compared to before. The long queue situation is almost gone, and the waiting time for transactions has been shortened.
The number of customers coming to buy is mainly small transactions, focusing on plain round gold rings. Many people said they only have to wait about 30 minutes to buy, while large orders still need to be pre-ordered and can be received after a certain period of time.
In general, the gold market has "cooled down" both in terms of price and buyer sentiment. Transactions have become lighter and more stable, with most customers buying to hoard instead of speculating in large quantities. See more...
Real estate stocks revive
The Vietnamese stock market had a positive trading week (April 6-10), with VN-Index increasing by 65.96 points (+3.92%) to 1,750 points, recording the third consecutive week of increase. The main driving force came from the explosive session on April 8 after the upgrade information, although liquidity only increased slightly and has not really broken through.
Although foreign investors continued to net sell more than 3,200 billion VND, the market still had a bright spot when HPG shares were net bought more than 1,000 billion VND. Many stock groups increased positively, especially real estate and construction groups such as GEX, VIX, NVL... thanks to expectations that the interest rate level will soon cool down.
According to experts, market prospects are supported by three main factors: expectations of interest rate reductions to stimulate credit and real estate; attractive stock valuations; and recovery signals from project supply. The real estate group is assessed to have medium and long-term potential, with quality businesses such as NLG, KDH, VHM being prioritized. See more...
