The Ministry of Industry and Trade has announced with great pleasure--the impressive export growth rate in the first nine months of the year. However, exporters themselves do not feel so happy because the actual profit is really modest. In 2010, the export revenue in the first nine months of the Da Nang-based Thuan Phuoc Seafood and Trade Company did not increase in comparison with the same period of the previous year. However, the profit was still high enough for the company to pay the dividend of 20 percent to shareholders. Meanwhile, in 2011, though the revenue is high, the actual profit is modest; the company still cannot make decision about the dividends. “Breaking even” means “success” Thuan Phuoc’s export revenue in the first nine months of the year reached 51 million dollars, an increase of 30 percent over the same period of the last year, which is considered an encouraging result in the context of the current difficulties. However, Thuan … [Read more...] about Export turnover high, profit low
Export
Nation exports over 5.8 mln tons of rice in 9 months
Vietnamese businesses shipped more than 5.8 million tons of rice worth over US$2.8 billion in the first nine months of 2011. Workers handling rice for export Photo: VNA According to the Vietnam Food Association (VFA), the country exported 560,020 tons worth $291.5 million in September alone. The Quan Doi Nhan Dan (People’s Army) newspaper on October 4 quoted Deputy Minister of Industry and Trade Nguyen Thanh Bien as saying that Vietnam ’s rice export markets continue to be expanded as some Southeast Asian nations are importing large volumes of Vietnamese rice. Indonesia plans to import around 1.5 million tons of rice from Vietnam, he added. Vietnam expects to export 7 million tons of rice this year, the highest volume for a year so far. … [Read more...] about Nation exports over 5.8 mln tons of rice in 9 months
Story around rice for export
There are two pieces of information about rice that we must be interested in. The first: Bloomberg on September 13, cited Thai Deputy Prime Minister, Kittiratt Na-Ranong, as saying that Thailand is willing to give up its position as the world’s top rice exporter to implement the new plan on purchasing rice. He said Thailand is not proud to be a big rice exporting country, but it is proud that Thai farmers can plant and sell their products at reasonable prices, with smiles. Under this plan, Thai government will buy rice from its farmers at the price of 15,000 baht per ton, equivalent to US$446. As a result, the price for Thai rice for export will increase to $750 per ton, 25 percent over the current price. This plan will start on October 7, 2011, in order to implement new Prime Minister Yingluck Shinawatra’s policy to raise income for the poor, particularly farmers. The second: according to experts, the Asian rice market, including Vietnam, will increase, to the … [Read more...] about Story around rice for export
Vietnam achieves record cashew exports
Viet Nam achieved its highest ever cashew exports in a year in 2017 with shipments worth US$3.52 billion.It exported 353,000 tonnes, representing a year-on- year increase of 23.8 per cent in value and 1.9 per cent in volume, according to the Ministry of Agriculture and Rural Development.The US, the Netherlands and China remained the biggest buyers, accounting for 35 per cent, 15.6 per cent and 12.9 per cent of the shipments.Exports to many markets rose sharply, including Russia (up 56.3 per cent), the Netherlands (44.7 per cent), Thailand (41.4 per cent), the US (27 per cent), and the UK (24.8 per cent).Average export prices were up by over 22 per cent.While demand rose in the world market, supply was down significantly in many countries, including Viet Nam, pushing prices up, according to cashew companies.Demand is expected to continue increasing, enabling Vietnamese firms to boost exports in future, according to the Viet Nam Cashew Association (Vinacas).Vietnamese processors have … [Read more...] about Vietnam achieves record cashew exports
Viet Nam achieves record cashew exports
Viet Nam achieved its highest ever cashew exports in a year in 2017 with shipments worth US$3.52 billion. It exported 353,000 tonnes, representing a year-on- year increase of 23.8 per cent in value and 1.9 per cent in volume, according to the Ministry of Agriculture and Rural Development. The US, the Netherlands and China remained the biggest buyers, accounting for 35 per cent, 15.6 per cent and 12.9 per cent of the shipments. Exports to many markets rose sharply, including Russia (up 56.3 per cent), the Netherlands (44.7 per cent), Thailand (41.4 per cent), the US (27 per cent), and the UK (24.8 per cent). Average export prices were up by over 22 per cent. While demand rose in the world market, supply was down significantly in many countries, including Viet Nam, pushing prices up, according to cashew companies. Demand is expected to continue increasing, enabling Vietnamese firms to boost exports in future, according to the Viet Nam Cashew Association (Vinacas). Vietnamese processors … [Read more...] about Viet Nam achieves record cashew exports