The Government of Bangladesh has approved three separate proposals to procure 350,000 tonnes of rice under the direct procurement method (DPM) from Vietnam, India and Thailand.
Rice is one of the rare commodities that is not being seriously affected by the COVID-19 pandemic, with both export volume and value increasing in the first two months of 2020.
Vietnam is enjoying strong growth in both rice export volume and value, and more export chances are still ahead as some free trade agreements (FTAs) have come into force and consumers around the globe are boosting purchase to ensure food security amid the COVID-19 outbreak.
The Vietnam Northern Food Corporation (Vinafood 1) and the Vietnam Southern Food Corporation (Vinafood 2) will sell 14,000 tonnes and 15,000 tonnes of rice, respectively, to the Philippines.
The State-run Vietnam Southern Food Corporation (Vinafood II) raised nearly 1.16 trillion VND (51.1 million USD) from selling 22.97 percent of its stakes at an initial public offering (IPO) on March 14.
SOEs will make initial public offerings (IPOs) in March, floating 2.5 trillion VND (110 million USD) worth of stakes in the market in the second wave of SOEs IPOs in 2018.
Many rice export contracts continuing from 2017 and Indonesia’s import order at the year’s beginning amid limited rice supply are positive signs for Vietnam’s rice exports.
Vietnam encourages its businesses to boost investment in Cuba in the fields of consumer goods production and agriculture, Prime Minister Nguyen Xuan Phuc told Cuban Minister of Foreign Trade and Investment Rodrigo Malmierca Diaz in Hanoi on October 3.
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