Vietnam exported 325,000 tonnes of rice worth 136 million USD in January, down 32 percent in volume and 35.1 percent in value compared to the same month in 2016.
Hanoi (VNA) – Vietnam exported 325,000 tonnes of rice worth 136 millionUSD in January, down 32 percent in volume and 35.1 percent in value compared tothe same month in 2016.
Chairman ofthe Vietnam Food Association Huynh The Nang said the rice sector will face moredifficulties this year.
In 2016,China was the biggest rice importer of Vietnam by purchasing 1.74 milliontonnes of rice worth 782.3 million USD, representing a respective yearlydecline of 17.5 percent and 8.6 percent.
Other majorrice importers in ASEAN such as the Philippines, Malaysia and Indonesia alsowitnessed strong reduction of 64.1 percent, 45.5 percent and 51.8 percent,respectively.-VNA
An Giang Import Export Company (Angimex), one of the large rice export companies in Vietnam, plans to focus on improving its rice quality and better controlling plant-protection residues to promote rice exports, especially to the US and EU markets.
Minister of Industry and Trade Tran Tuan Anh has decided to repeal regulations on rice exports and traders as they have become hurdles in the expansion of the sector.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Source: VNA)
