Adoption of overpricing may erode self-esteem of certain vendors: Vietnamese prof

February 26, 2024

A significant number of vendors and service providers in Vietnam are adopting overpricing practices, potentially leading to an erosion of their integrity and self-esteem, according to Professor Truong Nguyen Thanh. He disclosed that he became acquainted with overpricing and learned certain psychological tricks to secure good bargains during his adolescence in Vietnam. Thanh stopped by a fruit and vegetable market stall where a female vendor offered one kilogram of carrots at VND35,000 (US$1.4). Commenting on this case, Thanh guessed that the Japanese mistrusted the vendor and could buy nothing from her stall again. Thanh mentioned a high possibility of international visitors like this Japanese man opting not to return to Vietnam.

The source of this news is from Tuoi Tre News

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