Vietnam to be major source of rice supply to Indonesia
Indonesia’s selection of Vietnam as a major source for its rice purchases has further solidified the position and quality of Vietnamese rice, said the Vietnamese Trade Office in Indonesia following a statement from an Indonesian official that Indonesia will import 1.5 million tonnes of rice from Vietnam and Thailand.
Hanoi (VNA) – Indonesia’s selection ofVietnam as a major source for its rice purchases has further solidified theposition 🐈and quality of Vietnamese rice, said the Vietnamese Trade Office inIndonesia following a statement from an Indonesian official that Indonesia willimport 1.5 million tonnes of rice from Vietnam and Thailand.
The office said the Vietnamese rice is knownfor its reliability and has earned the trust of the Indonesian Government and consumers inthe context that the country is facing a shortfall in domestic food productiondue to the impact of the El Nino phenomenon. To make the most of this opportunity, the Vietnameserice exporters should keep track of the Ministry of Industry and Trade’sinstructions regarding rice export to Indonesia. Specifically, rice exportersshould proactively monitor market conditions, thoroughly assess opportunitiesand risks, and build trading plans. The Indonesia Logistics Bureau Preum Bulog said all the necessary licenses for the import of 1.5 million tonnes ofrice have been issued by the relevant Indonesian authorities, and the import isset to commence as early as the end of October 2023. According to statistics released by the GeneralDepartment of Vietnam Customs on October 10, Vietnam exported a total of884,177 tonnes of rice to Indonesia in the first nine months of this year, witha total value of 462 million USD, marking respective year-on-year 17.7-fold and 19.2-fold increases. During the period, Vietnam’s exports toIndonesia hit 3.79 billion USD, up 11% from the same period last year./.
Minister of Industry and Trade Nguyen Hong Dien had a working session on August 19 with Indonesian Minister of Trade Zulkifli Hasan on the sidelines of the 55th ASEAN Economic Ministers (AEM) that is taking place in Semarang, Indonesia.
The attendance of Prime Minister Pham Minh Chinh and a high-ranking delegation of Vietnam at the 43rd ASEAN Summit and Related Meetings in Jakarta, Indonesia, from September 4-7 is expected to open up cooperation opportunities, thus helping the two countries to raise the bilateral trade turnover to 15 billion USD in a more balanced direction.
Vietnamese Prime Minister Pham Minh Chinh met with Indonesian President Joko Widodo in Jakarta on September 4 on the sidelines of the 43rd ASEAN Summit and Related Meetings.
A business forum on expanding trade cooperation between Indonesia and Vietnam, introducing the 38th Trade Exhibition Indonesia (TEI) 2023, and learning about the Halal market was held in Ho Chi Minh City on October 5.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Packing rice for export (Photo: VNA) 
