Business

Reserve rice may be used to beat hikes

National reserves of rice may be tapped into to reduce the price on the domestic market, which has soared over the last few weeks due to increasing export demand, a deputy minister of agriculture and rural development said.
Myanmar suspends its rice exports World

Myanmar suspends its rice exports

Myanmar has temporarily suspended exporting its rice in a bid to stabilise the growing rice price on the domestic market, rice trading circles said on March 2.
Business

CPI tipped to rise in February

The consumer price index (CPI) is expected to surge about 2 percent in February, according to the Pricing Management Department.
Business

New rice export contracts halted

Members of the Vietnam Food Association (VFA) have been warned not to enter into additional rice export contracts this year due to dwindling stockpiles.
Business

Rice prices in Mekong Delta rise sharply

Continuous increases in the prices of rice in the Mekong Delta over the past time have excited local farmers as they have driven up farmers’ profits to 30 percent of their production costs.
Business

October sees slight CPI increase

The consumer price index (CPI) in October rose by 0.37 percent against September, a slightly lower than the level of 0.62 percent in the previous month.

According to the General Statistics Office (GSO), the index jumped by 2.99 percent over the same period last year, and the CPI for the first ten months of the year increased by 7.17 percent compared to the same period last year.
Business

HCM City’s CPI rises by 0.15 percent in October

Ho Chi Minh City’s consumer price index (CPI) rose by 0.15 percent in October over the previous month and 5.87 percent compared with the beginning of the year, according to the city’s Statistics Office.
State Bank steps in on rice buy-up Business

State Bank steps in on rice buy-up

The State Bank of Vietnam (SBV) has instructed commercial banks to provide loans to the Southern Food Corporation in a move to aid the corporation in buying 500,000 tonnes of rice for stockpile.
Business

Rice exports reach 4.4 mllion tonnes

More than 4.4 million tonnes of rice were exported in the first eight months of the year, up 41.93 percent over the same period last year, according to the Vietnam Food Association (VFA).

The free-on-board export value was more than 1.8 billion USD, down 3.64 percent on the same period last year.