Imported milk product businesses have officially implemented new price lists after an announcement on price increases earlier this month, according to milk outlets in HCM City.
Accordingly, five products of the Japanese Meiji brand increased 10-15 per cent, while Korean Angelac and Angel Grow's seven items saw a 15-per-cent rise, from VND190,000 to 220,000 per 400-gram tin box of milk powder.
Liquid milk products imported from New Zealand, Australia and France posted prices at VND49,000-51,000 per litre, up 7-8 per cent.
The market has seen a sharp decline in purchasing power in high-class milk product lines due to budget saving decisions of housewives. Some people shifted to using domestic products that are 15-25 per cent cheaper.