Statistics from the Ministry of Agriculture and Rural Development showed that domestic rice consumption, which was imposed with a 5 per cent VAT HA NOI (VNS) — The Prime Minister has approved the Ministry of Finance’s decision to not slash the value added tax (VAT) imposed on rice in the domestic market. Accordingly, the tax […]
VietNamNet Bridge – If Vietnam decided to cooperate with Thailand instead of competing fiercely, both of the countries would be able to sell rice at good prices instead of prices the Philippines wants. Under the current mechanism, the Filipino National Food Authority (NFA) chooses rice suppliers through bidding. The suppliers selected have to offer the […]
VietNamNet Bridge – The Philippines appears to have successfully exploited the stiff competition between two large rice exporters, Vietnam and Thailand, to force the prices down. Part 1: Philippine strategy The Philippines said it will no longer import rice as domestic production is high enough to satisfy domestic demand. Some exporters think that if Vietnam […]
Accumulated rice exports from the beginning of the year to July 16 stood at 2.875 million tons, according to the Vietnam Food Association. Exports under Cost Insurance and Freight (CIF) were worth $1.231 billion, while Free On Board (FOB) exports were $1.194 billion. The current price of raw rice made into 5 per cent broken […]
Workers of Southern Food Company in HCM City load rice onto a boat for export. The EU will set aside large quotas for VN’s unprocessed rice HA NOI (VNS) — After the Free Trade Agreement between EU and Viet Nam (EVFTA) comes into effect, the EU will eliminate 86 per cent of tariff lines or […]
Vietnam has managed to improve rice quality (Photo: SGGP) After 30 years of renovation, Vietnam has obtained great achievements to become one among two top rice exporters in the world. However, rice productivity has reached its peak while the world supply has been increasing forcing the country to find new development direction for this industry. […]
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 US$1.6 billion 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 […]
VietNamNet Bridge – To enhance the competitiveness of Vietnam’s rice production and value, and bring more profits to farmers, Vietnam needs new breakthrough policies. Since the late 1980s, Vietnam’s rice industry has developed strongly. This helped Vietnam not only ensure food security in the country but also become one of the top three rice exporters […]
Farmers sell rice to traders right after harvest in the field in the Mekong Delta (Photo: SGGP) Vietnam’s rice export is forecast to get this year target of over six million tons, according to chairman of the Vietnam Food Association Huynh The Nang. Export is likely to recover in the rest of 2015 and next year […]
VietNamNet Bridge – The bulk rice exports to the Philippines under the government-to-government market have not helped raise rice prices. The rice price in the Mekong River Delta did not move up in the last week despite the news about Vietnam’s attending the bid to provide 750,000 tons of rice to the Philippines later this […]
