Vietnamplus

Vietnam needs a long-term strategy to increase the quality of its rice exports to create sustainable growth in the future, experts say.

Prime Minister Nguyen Xuan Phuc has asked the Mekong Delta to make breakthrough changes in mindset and actions, especially amidst severe climate change impacts, so that it could attain fast and sustainable development and be on a par with other Vietnamese regions in all aspects.

The Thai government has affirmed that it is still using the market-oriented production principle policy to stabilise the prices of rice according to the mechanism.

Export prices for Indian and Thai rice increased this week on the back of an appreciation in their domestic currencies, while that of Vietnam went down over quiet demand.

Thai rice exporters are fretting over their prospects this year as China looks set to ramp up its rice shipments, notably to Africa.​

Vietnam earned 1.21 billion USD from exporting an estimated 2.83 million tonnes of rice during January-May, declining 20.7 percent in value and 4 percent in volume as compared to the same time last year, the Ministry of Agriculture and Rural Development said.

Thailand will host a national convention on rice in late May to promote rice exports and reinforce trade partnership with representatives from public and private sectors.

A series of companies who rushed to trade rice a decade ago are now facing difficulties and in some cases, have gone bust.

The film Ngoi Nha Buom Buom (Butterfly House), a production about a gay couple by director Huynh Tuan Anh, will be release next month by Lotte Entertainment Vietnam.

The State Bank of Vietnam (SBV) has requested its chapters in the Mekong Delta and commercial banks to provide loans for rice procurement in the 2019 Winter-Spring crop, which is now in the prime harvest season in the delta.

Agricultural company Loc Troi Group signed an agreement with UAE-based food company Phoenix Group in Dubai on December 20 for sustainable rice production in Vietnam.

The Mekong Delta province of Long An will host the third Vietnam Rice Festival from December 18-24.

Vietnam shipped nearly 5 million tonnes of rice abroad in the first nine months of this year, earning 2.5 billion USD, up 8.5 percent in volume and 23.2 percent in value year-on-year, statistics show.

Vietnam shipped nearly 5 million tonnes of rice abroad in the first nine months of this year, earning 2.5 billion USD, up 8.5 percent in volume and 23.2 percent in value year-on-year, statistics show.

Vietnamese rice exports are expected to revive in the last quarter of the year following four months of stagnation, boosted by new purchase demand in some markets.

Vietnam’s Tan Long Group has won three contracts to sell 50,000 tonnes of Japonica rice to Korea Agro-Fisheries & Food Trade Corp of the Republic of Korea, 70 percent of the bidding volume.

Thailand’s Department of Foreign Trade has cooperated with the Thai Rice Exporters Association to expand Thai rice markets in Malaysia and Indonesia.

The export value of fruit and vegetable in the first four months of 2018 has exceeded earnings from crude oil for the first time ever, according to the Ministry of Agriculture and Rural Development.

Vietnam earned 1.1 billion USD from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume.

Exports of agro-forestry-fishery products in the first four months of the years were estimated at 12.3 billion USD, a year-on-year surge of 11.9 percent, according to the Ministry of Agriculture and Rural Development.