Rice stocked at a food processing company in Tan Hong District, Dong Thap Province. Rice prices inched up in recent days thanks to rescue efforts by the Government. — VNA/VNS Photo Nguyen Van Tri After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Viet Nam – though not by much. Still, the Government’s purchase of rice to stock reserves was a temporary solution. The rice industry requires more radical and sustainable solutions like establishing value chains. Following a requirement of the State Bank of Viet Nam in early March, several commercial banks provided loans with three to six month terms at preferential rates of 6 per cent to enterprises so they could buy rice from farmers. This helped push up prices in region by around VND200-300 per kilo. Nguyen Ngoc Nam, president of the Viet Nam Food Association, the difficulty now was seeking markets for rice … [Read more...] about VN rice industry needs to establish value chains
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Việt Nam helds international conference on export rice
The World Rice Conference is an important opportunity for Vietnamese businesses to meet and seek partners in trading rice and to advertise Vietnamese rice products. — Photo baodautu.vnViet Nam News HÀ NỘI — The Ministry of Industry and Trade will host an international conference on Vietnamese rice in Hà Nội on October 10. The conference will be held on the sidelines of the Rice Trader (TRT) World Rice Conference in 2018, the world’s premier rice trade conference, which will be held from October 10-12, 2018 in Hà Nội. The conference is an important opportunity for Vietnamese businesses to meet and seek partners in trading rice and to advertise Vietnamese rice products, according to the ministry. In addition, the conference will bring solutions to Vietnamese rice exporters to improve the competitiveness of their products against those of Thailand, India or Cambodia, aiming at maintaining the market shares of Vietnamese rice in … [Read more...] about Việt Nam helds international conference on export rice
India to hold fiber exhibition
Viet Nam News HCM CITY – Source India 2018, India’s largest manmade fiber exhibition, is expected to provide opportunities for Vietnamese textile firms to network and strengthen business relationships, Shri P. Harish, Ambassador of India to Việt Nam, said at a business meeting yesterday in HCM City. The event, to be held in Surat, India from September 21-23, is expected to attract the participation of around 200 international suppliers of man-made fiber and 200 global buyers in the textile and garment industry, according to India’s Synthetic & Rayon Textiles Export Promotion Council. Exports of cotton, fabric, yarn and other textile materials from India to Việt Nam in 2017 was around US$550 million, Harish said. He said that Indian textile companies are capable of satisfying Việt Nam’s demand for textiles and urged India’s export promotion council to increase material exports to Việt Nam. “This would also meet a … [Read more...] about India to hold fiber exhibition
Vietnam wins contract to export rice to RoK
Tan Long's rice processing plant (Photo: VNA) Hanoi (VNS/VNA) - A Vietnamese company has won a bid to export 60,000 tonnes of Japonica brown rice to the Republic of Korea (RoK), defeating competition from rivals of China, Thailand and Australia. According to members of the Vietnam Food Association (VFA), Tan Long Group JSC is the only Vietnamese firm to win a contract in the RoK. In addition, Tan Long Group has also won a bid to export 2,800 tonnes of long grain white rice at the same time. This was the first time a private Vietnamese firm beat international businesses from China, Thailand and Australia to win the contract providing rice to the RoK under the Government bidding process. According to local businesses in the rice production industry, Japonica rice exported to the RoK has had export prices at about 700 USD per tonne. This is also the highest price for Vietnamese rice exports. The deadline for delivery of 60,000 tonnes to the RoK’s port is September 15. So far … [Read more...] about Vietnam wins contract to export rice to RoK
Viet Nam wins contract to export rice to South Korea
A Vietnamese company has won a bid to export 60,000 tonnes of Japonica brown rice to South Korea, defeating competition from rivals of China, Thailand and Australia. According to members of the Viet Nam Food Association (VFA), Tan Long Group JSC is the only Vietnamese firm to win a contract in South Korea. In addition, Tan Long Group has also won a bid to export 2,800 tonnes of long grain white rice at the same time. This was the first time a private Vietnamese firm beat international businesses from China, Thailand and Australia to win the contract providing rice to South Korea under the Government bidding process. According to local businesses in the rice production industry, Japonica rice exported to South Korea has had export prices at about US$700 per tonne. This is also the highest price for Vietnamese rice exports. The deadline for delivery of 60,000 tonnes to South Korea’s port is September 15. So far this year, the Tan Long Group has won bids to export 110,000 tonnes of … [Read more...] about Viet Nam wins contract to export rice to South Korea