Rice exports up over 16 percent in January
Vietnam is expected to export 517,000 tonnes of rice, valued at 243
million USD this month, up 16.4 percent in volume and 19.5 percent in
value over the same period last year.
Vietnam is expected to export 517,000 tonnes of rice, valued at 243
million USD this month, up 16.4 percent in volume and 19.5 percent in
value over the same period last year.
According to the Ministry of Agriculture and Rural Development, China was Vietnam’s biggest rice consumer last year, buying from the country more than 2.15 million tonnes, up 3.2 percent year-on-year.
Meanwhile, Vietnam’s rice export to other key markets, such as Malaysia and the Philippines, decreased in both volume and value.
Vietnam is expected to ship abroad 6.5-7 million tonnes of rice this year, equivalent to its export value in 2013 due to many difficulties in sales, forecasts the Vietnam Food Association.
According to the Association, the export situation in 2014 will continue to be difficult because of excess supply and competition.
Although a decline in demand, Southeast Asia will remain Vietnam ’s traditional market. China is the largest rice importer of Vietnam.-VNA
According to the Ministry of Agriculture and Rural Development, China was Vietnam’s biggest rice consumer last year, buying from the country more than 2.15 million tonnes, up 3.2 percent year-on-year.
Meanwhile, Vietnam’s rice export to other key markets, such as Malaysia and the Philippines, decreased in both volume and value.
Vietnam is expected to ship abroad 6.5-7 million tonnes of rice this year, equivalent to its export value in 2013 due to many difficulties in sales, forecasts the Vietnam Food Association.
According to the Association, the export situation in 2014 will continue to be difficult because of excess supply and competition.
Although a decline in demand, Southeast Asia will remain Vietnam ’s traditional market. China is the largest rice importer of Vietnam.-VNA
You should also see
Semiconductor workforce development a breakthrough: PM
Human resources development in semiconductors should be considered a breakthrough in personnel training, Prime Minister Pham Minh Chinh said at a conference in Hanoi on April 24.
See more
Business
Mining Vietnam 2024 opens in Hanoi
The 6th International Mining and Minerals Recovery Exhibition for Vietnam (Mining Vietnam 2024) kicked off in Hanoi on April 24.
Business
Standard Chartered revises down Vietnam’s GDP growth forecast in 2024 to 6%
Standard Chartered Bank has lowered Vietnam’s GDP growth forecast in 2024 to 6% from the previous 6.7% due to lower-than-expected Q1 growth and global trade headwinds.
Business
Auction for gold bullion to continue on April 25
Another bidding session for 16,800 taels of gold bullion will be held on April 25, the State Bank of Vietnam said in a statement.
Business
Over 20,000 products exhibited at Global Sourcing Fair Vietnam 2024
The Global Sourcing Fair Vietnam 2024 hosted by Global Sources kicked off in Ho Chi Minh City on April 24 with the participation of over 400 Vietnamese exhibitors and those from other Asian nations who are showcasing over 20,000 export-standard products across various industries.
Business
Vietnam attends Asia’s biggest food, hospitality expo in Singapore
Five Vietnamese enterprises operating in the fields of food and hospitality are attending the Food & Hotel Asia (FHA) 2024 which is taking place in Singapore from April 23-26.
