Vietnam exported over 3.8 million tonnes of rice, raking in 1.6 billion USD from January 1 to August 31, showing considerable drops in both volume and value over the same period last year.
Rice bags are loaded onto a ship in the southern province of Dong Thap (Photo: VNA)
Vietnam exported over 3.8 million tonnes of rice, raking in 1.6 billion USD in the period from January 1 to August 31, showing considerable drops in both volume and value over the same period last year.
In the same period of 2014, the country shipped more than 4.2 million tonnes of rice and grossed over 1.8 billion USD, according to the Vietnam Food Association (VFA).
Vietnam is the only one among the five biggest rice exporters in the world to record a decrease in the period.
On September 9, the Philippines’ National Food Authority (NFA) invited Vietnam, Thailand, and Cambodia to join a tender to supply 750,000 tonnes of rice, in addition to the planned import of 1.8 million tonnes of rice this year due to El Nino impacts.
This can be a good opportunity for Vietnam to boost rice exports in the remaining months of this year.
The prices of rice in the Mekong Delta, Vietnam’s largest granary, have dropped slightly from last month.
As of September 11, Mekong Delta provinces and cities have harvested summer-autumn rice on nearly 1.3 million hectares of land with a total output of 7.34 tonnes of brown rice. The localities have also planted summer-winter rice on 640,000 hectares out of the planned 886,000 ha.-VNA
Vietnam will focus on Africa, West and South Asian markets to boost rice exports amidst harsh competition anticipated this year, according to the Ministry of Industry and Trade.
Rice exports in the first quarter of 2015 is estimated at 900,000 tonnes, a significant annual decrease, according to the Vietnam Food Association Secretary Huynh Minh Hue.
Vietnam shipped 536,570 tonnes of rice worth 236 million USD abroad during the first quarter of this year, marking the lowest Q1 figures since 2009, announced Huynh The Nang, Deputy Chairman of the Vietnam Food Association (VFA).
Vietnam earned around 875 million USD from shipping nearly 2.1 million tonnes of rice abroad in the first five months of 2015, posting year-on-year declines of 10.7 percent in volume and 13.6 percent in value, according to the Vietnam Food Association (VFA).
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Rice bags are loaded onto a ship in the southern province of Dong Thap (Photo: VNA)
