Rice exports

Vietnam’s rice exports to Africa rose sharply in the first six months of 2020 and are expected to continue surging in the remainder of the year and in 2021, according to Vietnamese Trade Counsellor in Algeria Hoang Duc Nhuan. Africa is one of the biggest rice importers in the world. Each year, the region imports about 12-13 million tonnes of rice. In 2019, Vietnam shipped rice worth nearly 630 million USD to 35 out of the total 55 African countries, including major markets such as Cote d’Ivoire, Ghana, Senegal, Mozambique, Cameroon, Gabon, Tanzania, and Egypt. Notably in January-June, Vietnam exported 41,150 tonnes of rice with turnover of 14.58 million USD, up 28.5 times in volume and 19.5 times in value. The Vietnamese Trade Office in Algeria, which is also in charge of Mali, Niger, Senegal and Gambia, has been updating adjustments in their trade policies and rice import regulations to promptly inform to the Ministry of Industry and Trade as well as introduce … [Read more...] about Vietnam’s rice exports to Africa continue to rise

In early August this year, the EU-Vietnam Free Trade Agreement (EVFTA) officially took effect. This is a door that opens up many opportunities for Vietnamese enterprises to export to the EU market. Accordingly, Vietnam's rice products will be exempt from export tariffs to the EU, of which, 80,000 tons of rice will enjoy tax incentives. In the Mekong Delta, Trung An Company in Can Tho City is one of the exporters in the fragrant and high-quality rice segment to fastidious markets. The EVFTA is a rare opportunity for Vietnamese rice exporters. In the past many years, the company has associated with farmers to cultivate around 7,000 hectares of rice or around 150,000 tons of rice under safe procedures, meeting choosy markets, said Mr. Pham Thai Binh, Director of Trung An Company. This year, the company will strive to reach an export of 80,000 tons of high-quality fragrant rice. The current export price of fragrant rice of Trung An is the dream of many enterprises when reaching an … [Read more...] about Opportunities for Vietnamese rice

Alongside its business activities, Vinamilk has continued to implement programs for the community, including the "Vuon cao Vietnam" Milk Fund to supply milk to children in Hanoi, Hue and Quang Nam. The "Sua Hoc Duong" program was actively implemented in Quang Nam, Quang Ngai, Tra Vinh and Ha Giang provinces after students returned to school. … [Read more...] about Vinamilk records double digit growth in Q2 despite pandemic

Jakarta (VNA) – The Indonesian Government is planning to expand its social aid programme and incentives for micro, small and medium enterprises (MSMEs) in an effort to boost consumer spending and revive the economy in the second half of this year. Finance Minister Sri Mulyani Indrawati said during a recent online press conference that the government will reallocate around 70.8 trillion Rp (4.85 billion USD) from existing ineffective stimulus packages to fund the social aid expansion and new incentives. She noted the social aid program period will be extended to December to cushion the impact of the COVID-19 pandemic. Under the plan, the government will allocate 4.6 trillion Rp to increase the amount of rice for the 10 million recipients of the Family Hope Program to 15 kilograms per month. It will also disburse 500,000 Rp to 10 million Staple Food Card recipients this month. The Indonesian Government is also preparing aid for workers with salaries lower than 5 million Rp per … [Read more...] about Indonesia to expand social aid, incentives for businesses