5 broken rice

Vietnam’s rice remains favorite in the international market despite fierce competition. Vietnam exported nearly 4.2 million tons of rice during the first seven months of 2022, representing an increase of over 20% year-on-year, according to the Ministry of Agricultural and Rural Development (MARD). Rice production for exports at Loc Troi Company . Photo: Nguyen Binh “Despite fierce competition, Vietnamese rice products continue to be among the favorites in the international market,” stated the ministry in a report. During the January-July period, Vietnam exported 4.19 million tons of rice for over US$2 billion, an increase of 20.5% year-on-year in volume and 9% in value. Among Vietnam’s major markets, the US recorded the highest growth with an increase of 65.3% in rice imports during the first half, followed by the Philippines with 48.6%. The Philippines remained Vietnam’s largest rice buyer and made up 44.5% of total exports. Rice demands from African … [Read more...] about Vietnam’s rice exports hit a record high

Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies to use less and replace the grain with cheaper alternatives, amid growing food insecurity. Consumers may face even higher wheat prices in the second half of 2022 as importers, who until now have supplied cargoes bought several months earlier at cheaper prices, pass on the costs from when wheat prices scaled decade highs in May. Global wheat consumption in July-December could drop by 5%-8% from a year ago, analysts, traders and millers say, much faster than the U.S. Department of Agriculture's forecast 1% contraction. "There is going to be a drop in wheat demand for animal feed in Europe and China. Wheat demand for human consumption has also slowed in key importing countries around the world," said Erin Collier, an economist at UN's Food and Agriculture Organisation. "High prices have raised food security worries in parts of Asia and Africa where … [Read more...] about Analysis: As wheat prices soar, the world’s consumers vote with their feet

Local companies could further improve their utilization rate of the trade agreement to gain a larger share of the EU market. The EU-Vietnam Free Trade Agreement has been a driving force for Vietnam’s exports as local firms are now taking good advantage of the trade deal. Processing catfish for export at Cantho. Photo: Hung Thap Deputy Director of the Import-Export Department under the Ministry of Industry and Trade (MoIT) Tran Thanh Hai gave the assessment at a conference on the EVFTA on August 8. In 2021, bilateral trade turnover between Vietnam and the EU rose by 14.5% year-on-year to US$57.01 billion, in which Vietnam exported goods and products worth $40.1 billion, or an increase of 14.2%; and imported $16.9 billion. “This helped the country maintain a trade surplus of over $23.2 billion last year,” Hai said. According to Hai, since the launch of the EVFTA on August 1, 2020, Vietnam’s exports to the EU rose by 15% to $83 billion. Over the past two … [Read more...] about EVFTA drives Vietnam’s exports forward

As a social contributor in the United States, Mother Sam was twice granted the presidential lifetime achievement award for her social devotion. Ai Hong Sam, a Vietnamese-American doctor, has fostered hundreds of children for a simple reason that is “allowing these orphans to call me 'mom' as they have long desired.” At that time, the Vinh Son orphanage in Thong Nhat Ward under Kon Tum Province, located in the Central Highlands region of Vietnam, was struggling to survive as it was home to hundreds of orphans, who were in desperate need of nurturing. Once in a while, charitable groups or individuals paid them a visit and were able to assist in extremely difficult times. One day, a woman from distant America found out, gradually got to know them, and voluntarily took on the burden. Every single thing is confided to Mother Sam Sam and the nuns in the orphanage are sharing the tasks with one another. While the nuns are in charge of looking after the children, she travels … [Read more...] about Mother Sam’s ‘superhuman strength’ supports 300 children in Vietnam

In mid-July, a European business delegation of 50 high-ranking representatives visited Vietnam and held meetings to seek cooperation opportunities with domestic enterprises in fields of mutual strength. They went on a field trip to learn about the work of Vietnamese farmers, raw material areas, preliminary processing, traceability, and commercialisation of products in the EU market, especially organic products in the Southeast Asian country. It is one of many activities that Vietnam and the EU have organised to promote bilateral trade activities, particularly for agro-products, since the agreement took effect. Room for agro-exports to grow through EVFTA deal, Illustrative image (Source: tapchitaichinh.vn) Just before the delegation arrived, EU commissioner Janusz Wojciechowski said, “Vietnam has become a key partner for the EU in Southeast Asia. My visit, accompanied by a business delegation of EU agri-food sector representatives, will contribute to taking advantage of … [Read more...] about Room for agro-exports to grow through EVFTA deal