The export price of Vietnam’s 5% broken rice has soared recently, surpassing that of Thailand and far outstripping the rice prices of India and Pakistan, according to the Vietnam Food Association. A paddy field in the Mekong Delta. The export price of Vietnam’s 5% broken rice has risen sharply recently. – SGT Photo: Trung Chanh In mid-August, the export price of Vietnam’s 5% broken rice fell to US$385 per ton, down US$100 per ton against the same period last year and the lowest since February 2020. At this time, the export price of Vietnam’s 5% broken rice was US$8 per ton lower than Thai 5% broken rice but still US$25 and US$40 per ton higher than that of India and Pakistan, respectively. However, the export price of Vietnam’s 5% broken rice is now US$433-437 per ton, which is US$49, US$68 and US$55 per ton higher than that of Thailand, India and Pakistan, respectively. Nguyen Thanh Long, director of Van Loi Company, said the Government has increasingly tapped rice … [Read more...] about Vietnam’s rice price surges, surpasses that of Thailand
Products vietnam export
European investors have diversified investments in Vietnam to new fields, including telecommunications, finance, office leasing, retail, hi-tech farming, and pharmacy. Foreign direct investment (FDI) inflows to high-quality projects are set to keep increasing to Vietnam in the mid-and long-term thanks to the EU-Vietnam Free Trade Agreement (EVFTA). Seafood processing at Godaco Company in Tien Giang Province. Photo: Viet Hung The assessment was given in a Government report on the trade and investment relations with the EU one year after the EVFTA kicked off. As of September 2021, the EU has a total of 2,242 ongoing projects in Vietnam with registered capital of $22.24 billion, up 164 projects, and $483 million in the capital against the same period of last year. Such figures accounted for 5.58% of total investment capital and 6.57% of foreign-invested projects in Vietnam, noted the report, adding a number of successful European corporations in Vietnam … [Read more...] about EVFTA to further increase FDI to Vietnam in mid-and long-term
Vietnam grasps opportunities to expand agricultural export market Viet Nam's agricultural products are being exported to more than 180 countries and territories, particularly products moving from the mid-range market to the higher-end segment. This information was provided at an online trade connection programme with the participation of representatives and business communities of India and three countries of the Greater Mekong Sub-region (GMS), namely Viet Nam, Thailand and Cambodia on Monday. This formed part of a series of activities of a project to strengthen international integration of small and medium-sized enterprises (SMEs) of India and the GMS countries, towards promoting global value chains and trade between India and the GMS countries, which is financed by the Asian Development Bank (ADB). Le Hoang Tai, Deputy Director of the Viet Nam Trade Promotion Agency under the Ministry of Industry and Trade, emphasised that farm produce and food were key exports of Viet Nam. … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 13
Despite a sharp rise in business performance, rubber firms need more to achieve sustainable growth The latest figures from the Ministry of Industry and Trade’s Export-Import Agency show that Vietnam exported 195,000 tonnes of rubber, generating $321 million in total export value in September, up 2.8 per cent in volume and 3.1 per cent in value compared to August. Compared to September 2020, these figures shed 5.1 per cent in volume but showing a 21.2 per cent hike in value. With September export price averaging $1,646 per tonne, 0.3 per cent more than in August and 22.7 per cent higher than in the year prior, Vietnam counted an estimated $2.17 billion in value from exporting 1.3 million tonnes of rubber in the first nine months of 2021, up 17.1 per cent in volume and 52.7 per cent in value compared to the same period in 2020. The favourable market situation has been instrumental for many rubber firms to post upbeat business results in the year to date. The demand for … [Read more...] about Rubber firms eyeing buoyant performance thanks to favourable export
At the talks “Why Vietnam” held recently by the Ministry of Information and Communications, experts affirmed the significant role and position of Vietnam in the technology industry as well as global supply chains. This was an event on the sidelines of the ITU Digital World 2021 hosted by Vietnam. At the talks, the story about Vietnam's role and position in the digital era, the digital transformation process and Vietnam's post-pandemic steps attracted the attention of domestic and international managers, experts and businesses. At the "Why Vietnam?" talks held by the Ministry of Information and Communications in Hanoi. Photo: Trong Dat Many people still think that Vietnam is a small country but from the perspective of IT-communication industry development, where is Vietnam on the world map? Nguyen Thanh Tuyen, Deputy Director of Information Technology Department of the Ministry of Information and Communications: There are many countries in the world … [Read more...] about Where is Vietnam in the technology industry and global supply chain?
The Virtual Talk: Why Vietnam is held on the sidelines of the International Telecommunication Union (ITU) Digital World 2021 on October 14. (Photo: VNA) Hanoi (VNA) – Vietnam is evolving robustly in information technology and telecommunications (ICT) and devising a strategy to grow further, said Nguyen Thanh Tuyen, Deputy Director of the Ministry of Information and Communications (MIC)’ Information Technology Department, on October 14. Vietnam has surpassed many IT powerhouses in this field, he told the Virtual Talk: Why Vietnam held on the sidelines of the International Telecommunication Union (ITU) Digital World 2021. The country ranked second globally in phone production and export, accounting for 13.3 percent of the global market share, he said, adding that it has been also placed high in electronics export and game production, Vietnam’s strong awareness and determination towards digital transformation has been seen from the central to local levels, said Tran … [Read more...] about Vietnam evolving rapidly in ICT: Official