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Resolution 120 changes the mindset about Mekong Delta development: expert

“Many people call Resolution 120 the ‘golden resolution’. For me, the resolution removes the obstacles that strangled farmers, helping them have a better life,” said Prof Vo Tong Xuan, a respected agriculture expert in Vietnam.

Localities, exporters propose lifting rice export limits

Officials from provinces and cities in the Mekong Delta – the country’s rice granary - and rice exporters have urged the government to resume rice exports without setting limits, saying many firms face difficulties because of this.

Vietnam’s rice price surprisingly low despite high quality

Vietnam is famous as one of the world's biggest rice exporters, but its export price is low.

Economists say Vietnam focuses too much on rice exporting

VietNamNet Bridge - Vietnam is still gathering strength on rice production, taking pride as the biggest rice exporter in the world. 

Vietnamese prefer Thailand’s expensive rice to Vietnam’s cheap rice

VietNamNet Bridge - Instead of buying Vietnam’s rice at just VND10,000 per kilo, Vietnamese are willing to pay higher to buy rice from Thailand or Japan.

Is Vietnam’s position as second largest rice exporter threatened?

VietNamNet Bridge - Vietnam has been warned that it would be outstripped by Thailand and Cambodia in rice exports if it cannot change the current production and export policies.

BUSINESS IN BRIEF 13/12

Thai Nguyen approves incentives for Samsung; Vietnam on course to become largest rice exporter; Garment export to hit $24.5 billion in 2014; Foreign firms win HR awards; Saigon VRG to build Industrial Park in HCM City

Vietnamese rice exporters raise difficulties for themselves

When the domestic rice price goes up, export companies immediately cancel the export contracts signed with foreign partners before to avoid loss. However, even when the export price goes down, they cannot get new orders.