Hanoi (VNA) - Prices of Vietnam’s rice exports have reached the highest level in 15 years following export restrictions in some countries.
The price of 5% broken rice has increased to 590-600 USD pertonne, higher than the 550-575 USD per tonne of the previous week.
Vietnam’s average price of exported rice in the first six monthsof 2023 reached 539 USD per tonne, a 10.2% increase over the same period in theprevious year, according to the General Department of Vietnam Customs.
Exporters expect prices of the grain to rise further afterIndia's move to restrict rice exports.
On July 20, India issued a ban on rice exports, aiming toensure adequate domestic availability at reasonable prices.
Following this ban, rice prices have continued to increase sharplyin other leading rice export centres in Asia.
Thailand’s 5% broken rice price also rose to 627-630 USD pertonne, the highest in the last 15 years, much higher than the price of 545 USD per tonnerecorded in the previous week./.
Rice prices in Vietnam's Mekong Delta region last week reached a record high in the last 10 years after India banned the export of non-basmati white rice.
Rice export curbs by some countries like India, Russia and the United Arab Emirates (UAE) will offer opportunities to both Vietnamese exporters and farmers, heard a regular press conference held by the Ministry of Agriculture and Rural Development (MARD) in Hanoi on August 1.
Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the United Nations (UN), emphasised the need for a stronger commitment and collective efforts from the international community to break the vicious cycle between conflict and poverty on August 3.
Prime Minister Pham Minh Chinh has signed a directive requesting greater efforts to ensure national food security and promote sustainable rice production and exports in the current period.
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.
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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.
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Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
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Illustrative image (Photo: vtc.vn) 
