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Update news VFA
VietNamNet Bridge - The government has approved a plan to develop a national rice brand by 2020, aiming to improve marketing capability and competitiveness.
VietNamNet Bridge - Vietnamese agencies have confirmed that rice export consignments rejected by the US are not toxic or unsafe.
VietNamNet Bridge - Contrary to optimistic forecasts given earlier this year, rice exports have plunged recently. The total export volume would be less than 5 million tons in 2016, a record low since 2009.
VietNamNet Bridge - China's plan to get involved in Cambodia's rice development strategy is a bad sign for Vietnam.
VietNamNet Bridge - The Southern Food Corporation, also known as Vinafood 2, one of two of Vietnam's largest rice exporters, has reported an accumulative loss of VND1 trillion.
VietNamNet Bridge - Vietnam is facing dual difficulties in exporting rice as demand from loyal markets has been lower than expected, while the price has been decreasing in the world market.
The Vietnam Food Association (VFA) has denied news reports that the association has cut its rice export forecast to 4.75 million tons for 2016 from 6.5 million tons.
VietNamNet Bridge - Vietnam and China have signed a protocol on phytosanitary requirements on Vietnamese rice and rice bran exports to China. The protocol sets stricter sterilization inspection of exports.
VietNamNet Bridge - Soon after Thailand announced the plan to sell 11.4 million tons of rice in stockpile over a two-month period, Vietnam’s exporters predicted they would be hurt by the move
VietNamNet Bridge - Though the rice export increased in the first quarter over last year in the same period, rice exporters have been warned about big difficulties ahead.
VietNamNet Bridge - A lot of companies have had to give up exporting rice because they cannot satisfy the requirements set by Decree 109.
VietNamNet Bridge - Vietnamese rice exporters have been told to try to penetrate non-China markets to make bigger profits. However, they have not made efforts to attack markets in France and the US.
The Vietnam Food Association (VFA) has planned to export 1.6 million tons of rice for the second quarter of this year, 200,000 tons lower than the initial plan.
VietNamNet Bridge - Vietnam has lost rice export contracts as some of its major markets including Indonesia and the Philippines have canceled their import plans.
VietNamNet Bridge - Despite difficulties, Vietnam’s rice exports have remained stable over the last few years thanks to low prices. However, this advantage may not help in the future as the world market has seen major changes.
VietNamNet Bridge - Vietnam has been listed among the top three countries which provide the most delicious rice in the world. However, Vietnam still cannot export ‘the pearl from God’ to many countries.
VietNamNet Bridge - Vietnam needs a strong national rice brand. But to do this, it is necessary to eliminate the monopoly enjoyed by the two largest food corporations.
VietNamNet Bridge - While many countries in the world have reduced the cultivation of Jasmine rice, because it is difficult to grow and sell, the Vietnam Food Association (VFA) has decided that Jasmine will be the national rice brand for Vietnam.
VietNamNet Bridge - Five big rice exporters, including Thailand, India, Vietnam, Pakistan and the US, are all under the influence of new economic circumstances. However, Vietnam is the only country which has seen exports fall.
VietNamNet Bridge - The Vietnam Food Association (VFA) has decided that Jasmine, a type of fragrant rice, will be developed into the country’s national rice brand.