Domestic food producers are facing increased costs while trying to keep prices down to stimulate sales, said industry insiders and experts.

Vietnam’s consumer price index (CPI) in the third quarter of this year expanded 3.32% as compared with the corresponding time last year, the General Statistics Office (GSO) said at a press conference in Hanoi on September 29.

VOV.VN - With the global food price recently reaching its record high, there is a positive outlook ahead for rice exporters in Asia, including Vietnam, according to industry insiders.

Vietnam's imports of raw materials for processing animal feed in the first seven months of this year surged to US$3.1 billion as domestic supply only met about one-third of breeders' demand.

VOV.VN - Vietnam has seen food prices remain stubbornly high despite the recent sharp declines in petrol and oil prices.

VOV.VN - Vietnam has seen food prices remain stubbornly high despite the recent sharp declines in petrol and oil prices.

Fiscal policies have worked to promote economic growth and control inflation in the first months of this year, Deputy Minister of Finance Vo Thanh Hung said, adding that close watch should be placed on the market to ensure inflation is within the National Assembly’s target.

Vietnam needs to be wary of imported inflation, especially from rising global energy and commodities prices, experts have warned, urging attention to be paid to promoting exports and putting imports under control.

VOV.VN - Inflation has been kept at a low rate in Vietnam since the beginning of the year, although pressure is starting to build up moving into the remaining months of the year and early 2022, according to economists.

July’s Consumer Price Index (CPI) picked up 0.62% month on month and 2.64% against the same month last year, the General Statistics Office (GSO) announced on July 29.