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.
Vietnam earned 1.21 billion USD from exporting an estimated 2.83 million tonnes of rice during January-May. (Photo: VNA)
Hanoi (VNA) – Vietnam earned 1.21 billion USDfrom 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 sametime last year, the Ministry of Agriculture and Rural Development said.
Accounting for 35.9 percent of the market share, the Philippines was the largestimporter of Vietnamese rice in the first four months of the year. Vietnamshipped 814,500 tonnes of rice to the country for 320.5 million USD, up 4.4times in volume and 3.9 times in value from the same time in 2018.
Strong growth was also seen in rice shipments to Angola (up 5.2 times), China’sHong Kong (up 91.9 percent), the Ivory Coast (up 73.3 percent), and Russia (up29.3 percent).
White rice accounted for the largest proportion of total exports with 50.5percent, followed by Jasmine rice and fragrant rice (34.1 percent), sticky rice(8.1 percent) and japonica rice and Japanese rice (7.1 percent).
According to the Ministry’s Agro Processing and MarketDevelopment Authority, falling prices in global market affected Vietnamese ricevalue.
Experts forecast a grim prospect for the rice market due to falling demand inAsia. Meanwhile, it is hard for Mekong Delta rice to increase its price as theregion is in the middle of harvest time of the summer-autumn crop.-VNA
After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Vietnam – though not by much.
Vietnamese enterprises see a chance to export 20,000 tonnes of rice to Egypt, according to the Ministry of Industry and Trade’s Import-Export Department.
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.
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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.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Vietnam earned 1.21 billion USD from exporting an estimated 2.83 million tonnes of rice during January-May. (Photo: VNA) 
