Vietnam’s rice exports fall during January-August

Vietnam exported 432,000 tonnes of rice for 191 million USD in August, bringing the total volume and value in the first eight months of this year to 3.37 million tonnes and 1.51 billion USD.

The figures represented decreases of 16.6 percent in volume and 13.1 percent in value compared with the same period last year, according to the Ministry of Agriculture and Rural Development.

China remained the biggest importer of Vietnam’s rice with 36 percent of the market share. A total of 1.04 million tonnes worth 476 million USD were shipped to this market between January-July, down 21.6 percent in volume and 11.9 percent in value year-on-year.

Indonesia followed with 353,000 tonnes and 140.4 million USD, up 25.5-fold in volume and 26.8-fold in value year-on-year.

Rice export to several traditional markets suffered from drastic decreases, including the Philippines (66.4 percent), Malaysia (54.5 percent), and Singapore (36.3 percent).

However, it is noted that the Philippines will open bidding for 250,000 tonnes of rice on August 31 as part of its plan to import 1 million more tonnes of rice to ensure food for next year.

Vietnam will participate in this auction, according to the Vietnam Food Association.

VNS

Other news

Most view

At the forum (Photo: SGGP)

Ben Tre Province facilitates agriculture investors

A forum held in the Mekong Delta province of Ben Tre yesterday had met to promote investment in agriculture with the participation of the provincial Party Secretary Vo Thanh Hao, Chairman of People’s Committee Cao Van Trong and 250 enterprises.

Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

HCMC focuses on safe pig breeding chain

The HCM City department of agriculture & rural development has just held conference about the sustainable pig breeding and safe pork production market in HCMC.

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.

Stock market

STK to issue 10.8million shares

The shareholders of Century Synthetic Fiber Corp (code: STK) have approved plan to issue 10.8 million shares.