Philippines imports 100,000 tonnes of VN rice
The Vietnam Southern Food Corporation (Vinafood 2) has won a contract to
export 100,000 tonnes of rice to the Philippines at the price of
400 USD per tonne.
The Vietnam Southern Food Corporation (Vinafood 2) has won a contract to
export 100,000 tonnes of rice to the Philippines at the price of
400 USD per tonne.
It is expected that this rice bulk will be shipped later this month.
Vinafood 2 is hoping to secure another contract with the Philippines to supply 20,000 tonnes of rice, as the country plans to import 500,000 tonnes of rice this year.
In the past, the Philippines regularly imported rice from Vietnam under the two governments’ agreements. However, over the last two years the country has changed its policy on contracts and now allows the private sector to find trade partners themselves to get more competitive prices.
Vietnam exported 788,296 tonnes of rice in May, the highest monthly amount since January 2010. Vietnam ’s rice exports in the first five months of this year have now reached 2.5 million tonnes.-VNA
It is expected that this rice bulk will be shipped later this month.
Vinafood 2 is hoping to secure another contract with the Philippines to supply 20,000 tonnes of rice, as the country plans to import 500,000 tonnes of rice this year.
In the past, the Philippines regularly imported rice from Vietnam under the two governments’ agreements. However, over the last two years the country has changed its policy on contracts and now allows the private sector to find trade partners themselves to get more competitive prices.
Vietnam exported 788,296 tonnes of rice in May, the highest monthly amount since January 2010. Vietnam ’s rice exports in the first five months of this year have now reached 2.5 million tonnes.-VNA
You should also see
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
