Over 92 percent of VN’s rice export in Q1 under firms’ deals
More than 92 percent of Vietnam’s rice exports in the first three months of the year was under trade deals of businesses, according to the latest report of the Vietnam Food Association (VFA).
HCM City (VNA) – More than 92percent of Vietnam’s rice exports in the first three months of the year wasunder trade deals of businesses, according to the latest report of the VietnamFood Association (VFA).
The report also said Vietnam exported1.1 million tonnes of rice, down 23 percent in volume and 18 percent in valuecompared to the same period last year.
China remained the largest rice importer in thereviewed time with 448,000 tonnes, making up 41 percent of the total riceexports, followed by the Philippines and Africa with 20 percent and 13 percent,respectively.
Average price of rice export in Q1 reached 432USD per tonne, up 27.7 USD per tonne against last year. Rice price in Marchclimbed to some 445 USD per tonne, increasing 42.8 USD due to a surge indomestic rice price.
According to Huynh The Nang, Chairman of VFA,many key rice importers of Vietnam, particularly in Southeast Asia, haveswitched their rice import mechanisms from inter-governmental deals to tradedeals of private companies or liberalise rice trade.
✨ He added that Vietnam’s rice exporters shouldprepare to better adapt to market demand in the future.-VNA
Agriculture sector insiders put forth solutions to improve the entire rice value chain towards clean production, especially in the Mekong Delta, at a workshop in Ho Chi Minh City on March 3.
It’s time to comprehensively reform rice production since the staple plays an irreplaceable role in the country’s agriculture, Prime Minister Nguyen Xuan Phuc emphasized while chairing a conference on March 15.
Changes to management institutions are needed to improve the rice value chain and Vietnamese rice’s competitiveness, experts said at a workshop in Hanoi on March 17.
Vietnam exported an estimated 1.28 million tonnes of rice in the first three months of the year, earning 570 million USD, down 18 percent in volume and 17.3 percent in value compared to the same period last year.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Source: VNA) 
