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Update news VFA
There are different remarks over the good harvest and export prices of rice in the Mekong Delta but the strong decline in rice export volume.
The total amount of rice that Vietnamese exporters have to deliver to partners under contracts from now to the end of May is 1.385 million tons.
Analysts warn that Vietnam will have to struggle to implement the rice export plan this year because many key markets have tightened control over imports.
Vietnam Rice, the national rice brand, was made public in late 2018. However, no export company has been given the right to use the brand.
VietNamNet Bridge - China’s role as a big rice importer of Vietnam’s rice is changing dramatically, sparking concern among farmers.
Food is one of the most attractive business sectors as it not only has a 93 million customer domestic market, but also a vast world market with average annual export turnover of tens of billions of dollars.
The Vietnam Food Administration (VFA) under the Ministry of Health has issued an alert after finding that a number of websites promoting dietary supplements and health products violated advertising regulations.
Vietnam’s rice export price has unexpectedly surpassed Thailand’s prices, but the good news has been overshadowed by China’s higher import tariff on sticky rice and tighter control over imports.
The current conditions are all favorable for Vietnam to export rice: global demand is high while export prices are on the rise. However, the unstable domestic rice market still concerns exporters.
After winning bids to sell rice to Indonesia and the Philippines, Vietnamese exporters are attending a bid to sell rice to South Korea and preparing for another contract with the Philippines.
The Ministry of Industry and Trade (MOIT) had promised to reduce business preconditions to pave the way for more companies to export rice. However, businesses have complained that barriers to their market entry still exist.
VietNamNet Bridge - Ten years ago, the risk for Vietnam was that it might miss the glbal ‘integration train’. Today, the question is where is Vietnam in that train?
VietNamNet Bridge - Vinafood 1 and Vinafood 2 want to be exclusive bidders for government-to-government (G2G) rice export contracts, but analysts warn of the dangers of a monopoly.
VietNamnet Bridge - Vietnamese choose foreign rice not because the latter is better, but because Vietnamese enterprises don’t know how to build their brands, experts say.
VietNamNet Bridge - Vietnam’s rice production is meeting difficulties because of two bottlenecks at the ends of the production chain, leading to a decline in market share.
VietNamNet Bridge - As many Vietnamese farmers are reliant on the Chinese market, they have suffered as Chinese traders have reduced fruit imports.
VietNamNet Bridge - The Vietnam Food Association (VFA) has warned that it would be difficult to export rice in 2017.
Pineapple, watermelon and chili growers are complaining about the hot weather which has forced them to work hard to water crops. Meanwhile, farm produce prices have dropped dramatically.
VietNamNet Bridge - The rice price in the Mekong Delta has increased in the last couple of weeks, which has resulted in higher export prices.
VietNamNet Bridge - Vietnam spends big money every year to buy foreign goods and services, including those which could be made or offered domestically.