rice export

Update news rice export

Experts question motivation behind China’s big rice purchases

Most Vietnamese exports to China, either through official channels or across the border, have been meeting obstacles, except for rice. Experts question why this is happening.

Vietnam’s rice export prices expected to rise

VietNamNet Bridge – Signs indicate that the world’s rice market is expected to change and that Vietnam will be able to sell rice at higher prices, experts say.

Vietnam’s future as rice supplier to China still bright: experts

China, with 1.4 billion people, may lack food in the near future, which could give Vietnam an opportunity to gain superiority in rice exports. But recent tensions in the East Sea have raised concerns that Vietnamese rice sales are in danger.

Vietnamese rice perceived as ‘cheap’

 VietNamNet Bridge – Economists have called the low bids offered by Vinafood 1 and Vinafood 2 to provide 800,000 tons of rice to the Philippines a “blunder” because it has led to the perception that Vietnamese rice is “cheap”.

Businessesforfeit rice export quotas for fear of loss

 VietNamNet Bridge – If there was any celebration last month when Vietnam beat its rivals – with an exceptionally low bid – for a deal to export rice to the Philippines, the hangover may kicking in right about now.

BUSINESS IN BRIEF 13/5

 Steel giant chairman faces sack due to poor performance; PM approves Vinatex IPO plan; Lotte to build $2b complex in HCM City; Dong Nai to set up four new industrial parks; Incentives lure investors to Phu Quoc Island

Vietnam wins bid to supply 800,000 tonnes of rice to Philippines

 The Philippines' National Food Authority (NFA) has awarded the supply contract for 800,000 tonnes of rice this year to two Vietnamese state firms, local media reported.

Large rice exports to Philippines helps Vietnam boost export to China

 VietNamNet Bridge – Vietnam’s agreement to provide 800,000 tons of rice to the Philippines will help raise the domestic price of the product, which should allow farmers to make higher profits, and help regain the Chinese market.

Exporters bargain rice away, farmers suffer

 VietNamNet Bridge – Vietnamese exporters have won the bid to provide 800,000 tons of rice to the Philippines, thanks to low bids.

BUSINESS IN BRIEF 17/4

 Vietnam in global top 10 for foreign remittances; Vietnam wins rice export contract to Philippines; Switzerland backs Vietnam business reforms; Dung Quat Oil Refinery sets new safety record

BUSINESS IN BRIEF 18/3

 FDI businesses receive Gold Dragon Awards; PM chairs rice consumption conference; Int’l experts hail Vietnam’s economic development; Mercedes-Benz expands operation in Vietnam

BUSINESS IN BRIEF 15/3

 PM green-lights construction corp listing; Vietnamese furniture companies expand overseas markets; SBV asks for lending interest rate cut; Samsung Vietnam’s 2013 exports generate US$24 billion

Vietnam continues exporting rice to China, but with cautious steps

 VietNamNet Bridge – How would Vietnam behave towards the Chinese market in continuing to export rice to China to clear the big stocks, or stop the export in anticipation of high risks?

BUSINESS IN BRIEF 14/2

 Rice exports slump as prices rise; Vietnam needs to restructure tra fish sector; Seven new air routes to connect to Can Tho City; Local dairy firms hike prices in foreign brands’ footsteps;

BUSINESS IN BRIEF 11/2

 Rice exports slump to record low in January; VND30 trillion for Danang-Quang Ngai Expressway; E-commerce trading fails to take off in local farming sector; Vietnam needs to restructure tra fish sector

BUSINESS IN BRIEF 20/1

 Ministry maintains fuel prices; BIDV lends Vinatex $600m; Leather and footwear firms set to increase exports; Debt collection efforts needed; Foreign investors dominate retail; Imported flower prices inch up at Tet

Vietnam hopes TPP will bring more rice orders from the US

 VietNamNet Bridge – The rice exports to the US now only account for 10 percent of Vietnam’s total rice exports. However, the figure is believed to increase sharply once the Trans Pacific Partnership Agreement (TPP) is inked.

Vietnam finds it more difficult to sell rice

 VietNamNet Bridge – Vietnam, which could easily obtain the contracts on exporting rice in large quantities two or three years ago, now has to struggle hard to scramble for the right to export every ton of rice.

BUSINESS IN BRIEF 10/11

 Mekong Delta expects rise in industrial production; European firms split on economic outlook; Ad agency creates ‘anxiety' rating; Steel oversupply defies weak demand; Garment, textile exports to reach $19bn ahead of TPP

BUSINESS IN BRIEF 9/11

 Paris seminar highlights investment in Vietnam; Vietnamese footwear industry heads for record year; Gazprom discusses oil, gas ties with VN; VN company wins regional award for best cocoa