5 principles for determining pangasius prices

Ministerial-level Agencies 16:28 18/09/2014 609
(vasep.com.vn) Draft circular on guiding for evaluation method of raw pangasius is in consultation period. Ministry of Finance gave 5 principles to valuate raw pangasius.

This circular provides guidance on the production cost method in normal condition (no natural disasters, floods or diseases). Provincial People's Committees base on this to calculate and price raw pangasius. Vietnam Pangasius Association price floor for raw pangasius. 

The 5 principles include: (1) To ensure that price can cover actual production costs; (2) Timely adjust prices when factors change; (3) Currency used is VND and area unit used is hectare (ha). Each cost is analyzed, specified with quantity, value, and time of the spending; (4) Calculate cost per unit with the unit of VND/kilogram (VND/ kg); (5) The yield is MT/ hectare.

The draft circular also provides detailed guides on cost-based pricing methods for raw pangasius.

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