rice exporters

Update news rice exporters

Prime Minister Nguyen Xuan Phuc on April 28 agreed with the Ministry of Industry and Trade’s proposal to resume rice export from May 1, in accordance with Decree 107/2018/ND-CP on rice export business.

Rice growing localities, exporters want export limits scrapped

Officials from many localities in the Cuu Long (Mekong) Delta and rice exporters have urged the Government to resume rice exports without setting limits, saying many firms face difficulties because of this.

 

Deputy PM requests to use part of May rice quotas for this month

Deputy Prime Minister Trinh Dinh Dung requested to provide 100,000 tonnes rice from the May quota to rice exporters that have goods stuck at ports.

PM orders suspension of signing rice-exporting contracts

Prime Minister Nguyen Xuan Phuc has ordered a halt of signing new rice-exporting contracts, the Government Office said in a latest document concerning this matter.

Door to world market opens for Vietnam’s rice exporters

After winning bids to sell rice to Indonesia and the Philippines, Vietnamese exporters are attending a bid to sell rice to South Korea and preparing for another contract with the Philippines.

Ministry promises to reduce business barriers for rice exporters

The Ministry of Industry and Trade (MOIT) had promised to reduce business preconditions to pave the way for more companies to export rice. However, businesses have complained that barriers to their market entry still exist.

Multiple rice exporters at risk of closing down

 VietNamNet Bridge – A lot of struggling rice exporters could go out of business if a Government decree on rice export conditions is upgraded into law.

Thailand sells rice stockpile, Vietnam may lose buyers

VietNamNet Bridge - Soon after Thailand announced the plan to sell 11.4 million tons of rice in stockpile over a two-month period, Vietnam’s exporters predicted they would be hurt by the move

Firms have to set up business in Singapore to export Vietnamese rice

VietNamNet Bridge - A lot of companies have had to give up exporting rice because they cannot satisfy the requirements set by Decree 109.

Targeting Chinese market, rice exporters earn modest profits

VietNamNet Bridge - Vietnamese rice exporters have been told to try to penetrate non-China markets to make bigger profits. However, they have not made efforts to attack markets in France and the US.

Big rice importers cancel rice imports from Vietnam

VietNamNet Bridge - Vietnam has lost rice export contracts as some of its major markets including Indonesia and the Philippines have canceled their import plans.

Exporters' outlook for 2016 remains mixed

 VietNamNet Bridge – Vietnamese export firms have mixed feelings, both happy and worried, about business prospects for this year.

Unreasonable mechanism clips the wings of rice exporters

VietNamNet Bridge - Five big rice exporters, including Thailand, India, Vietnam, Pakistan and the US, are all under the influence of new economic circumstances. However, Vietnam is the only country which has seen exports fall.

Vietnam joins race to sell rice to Philippines

VietNamNet Bridge - With the current balance of power, Vietnam and Thailand will participate in a ‘duel’ to obtain the right to sell 250,000 tons of rice to the Philippines.

Rice exporters worry about reduced demand from China

China, the biggest Vietnam rice importer since 2012, hsa unexpectedly reduced imports in the first months of the year, raising controversial predictions about the level of demand from the world’s most populous country.

BUSINESS IN BRIEF 8/3

Rice exporters worry as competition grows; HCM City SMEs need support to borrow from banks; HSBC predicts further OMO rate cut soon; E-commerce sites attract more corporate clients; Listed firms seek investment equality

Supply chain the new battleground

 VietNamNet Bridge – Vietnamese farmers need support to create product value chains, Nguyen Do Anh Tuan, director of the Centre for Agriculture Policy tells the newspaper Cong Thuong

Rice exporters expect weaker sales to G2G markets in 2015

VietNamNet Bridge – Vietnamese rice exporters say they are uncertain about export volume to the concentrated market (government-to-government, or G2G) in 2015 because of stiffer competition in the market.

Vietnamese rice exporters face risks in US market

 VietNamNet Bridge – Vietnam rice exporters face a risk of being sued because of their low selling prices in the US market.

As China’s demand for rice soars, exporters in south fear they will lose stock

 VietNamNet Bridge – More merchants from the north are buying rice from southern provinces as China’s demand for rice increases.