Regulations on the Declared Prices of Milk Products for Children under 6 Years Old

21:23, 11/07/2024

Recently, the Ministry of Industry and Trade issued Circular 08/2017/TT-BCT regulating the registration of prices, declaration of prices for milk and functional foods for children under 6 years old.

To be specific, Circular 08 regulates the price declaration for milk products and functional foods for children under 6 years old as follows:

- The merchants producing or importing must declare the suggested retail price for their product distribution system.- The retail prices of the merchants must be publicly listed. In cases where the retail prices of the distributing merchants exceed the suggested retail prices declared by the producing or importing merchants, these distributing merchants must declare their retail prices to the competent state authority.- The suggested retail price is the basis for the receiving agency to carry out price declarations and for the competent state authorities to implement state management of prices, and to publicly announce them to consumers.- The producing or importing merchants can declare the suggested retail prices suitable for specific geographical areas.

For more details on price declaration procedures, see Circular 08/2017/TT-BCT, effective from August 10, 2017.

- Thanh Lam -

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