Vietnam’s rice exports dwindle 18.4% in seven months

Vietnam exported 2.93 million tonnes of rice with a value of 1.32 billion USD in the first seven months of the year a year-on-year plunge of 18.4 percent in volume and 14.4 percent in value according to the Ministry of Agriculture and Rural Development MARD.
tin nhap 20160809101432 Slowly uptake by enterprises for import licences for crops and plants in "National Single Window"
tin nhap 20160809101432 Tough times for Vietnam's rice exports
tin nhap 20160809101432 Rice export slumps in second quarter
tin nhap 20160809101432
Vietnam exported 2.93 million tonnes of rice with a value of US$1.32 billion in the first seven months .

Low rice production, caused by drought and saline intrusion in the Mekong Delta region, led to the fall in exports, the MARD said.

Besides, a significant decline in rice consumption were seen in such traditional markets as the Philippines (54.3%) and Malaysia (59.2%).

China remained the largest importer of Vietnamese rice, accounting for 35% of the market share. Indonesia was second with 11.6%.

The country’s rice export is estimated to fall to 5.65 million tonnes in 2016, down 14% against the previous year and 800,000 tonnes lower than initial forecasts. This stems from decreases in production and fierce competition from other exporters like Thailand and India.

tin nhap 20160809101432 Vietnam's 2016 drought-hit rice output to fall 1.5 percent: government official

Vietnam's rice paddy output will likely fall this year for the first time since 2005 following the ...

According to the Vietnam Food Association (VFA), this is the first time since 2009 Vietnam’s rice exports may fall below 6 million tonnes.

Source: Vietnam News

Related News

Production ensures export of 7.4 million tons of rice this year

Production ensures export of 7.4 million tons of rice this year

VCN - By the end of the first quarter of 2024, rice exports continued to increase by 17.6% in volume and 45.5% in turnover compared to the first quarter of 2023, reaching over 2.18 million tons, equivalent to nearly US$ 1.43 billion, average price US$ 653.9 /ton.
State budget revenue estimated at VND733.4 trillion

State budget revenue estimated at VND733.4 trillion

VCN - In the first four months of 2024, total state budget revenue is estimated at VND733.4 trillion, equal to 43.1% of the estimate and up 10.1% year-on-year.
Seafood enterprises encounter problems with specialized inspection

Seafood enterprises encounter problems with specialized inspection

VCN - Seafood businesses are facing problems related to food safety certificates (H/C) of seafood raw materials imported from New Zealand for processing and export to the EU.
Enhance the core values of the national brand

Enhance the core values of the national brand

VCN - Vietnam is always considered one of the most dynamic and open economies in the world, the 4th largest economy in ASEAN and the 40th largest in the world. However, in the context of a highly competitive economy, the issue of branding is still a weakness of Vietnamese businesses.

Latest News

More businesses to join Vietnam E-Pavilion

More businesses to join Vietnam E-Pavilion

The Ministry of Industry and Trade (MoIT) will collaborate with Alibaba to increase the number of prominent businesses selected to join the Vietnam E-Pavilion to 300, providing opportunities for enterprises to access millions of consumers worldwide through Alibaba.com's extensive customer network.
Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives have been advised to focus on branding and improving product quality to expand tea exports to highly-demanding markets, especially organic tea products.
Three groups of export commodities achieved billions of USD

Three groups of export commodities achieved billions of USD

VCN - The result of exports is showing positive signs, especially many groups of commodities increased by over a billion USD compared to the same period in 2023.
Speed up the process of issuing "passports" for durian exports

Speed up the process of issuing "passports" for durian exports

VCN - The growing area code is considered a passport for Vietnamese agricultural products, including durian, to trace the origin of the product and ensure products meet food safety and hygiene quality, demonstrating the exporting country's responsibility in production.

More News

Vietnamese pomelo likely to be exported to Australia

Vietnamese pomelo likely to be exported to Australia

The import of Vietnamese fresh pomelo into the Australian market may be allowed if the product meets the Oceanian country's biosecurity conditions, said the Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS Vietnam).
Central beach city to lure investment from potential partners

Central beach city to lure investment from potential partners

The central hub will welcome all investors planning for investment expansion or fund flow moves in the region.
Vietnam to have enough 8 million tonnes of rice for export

Vietnam to have enough 8 million tonnes of rice for export

Vietnam’s rice output is expected to reach 43 million tonnes in 2024, which is able to ensure domestic consumption and export demand of more than 8 million tonnes, according to the Ministry of Agriculture and Rural Development.
Binh Duong: Fertile ground for logistics businesses

Binh Duong: Fertile ground for logistics businesses

VCN - With its strategic geographical location and strong infrastructure development, Binh Duong is considered fertile ground for businesses to invest in and operate logistics services.
Some 51,600 new firms established in four months

Some 51,600 new firms established in four months

As many as 51,600 new enterprises with total registered capital of nearly 508 trillion VND (20 billion USD) were established in the first four months of 2024, representing year-on-year increases of 3.4% in the number of businesses and 9.3% in the capital, according to the General Statistics Office (GSO).
Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months

Agro-forestry-aquatic product exports post trade surplus of 4.74 billion USD in four months

Vietnam’s agro-forestry-aquatic product exports raked in some 19.06 billion USD in the first four months of 2024, up 23.7% year-on-year, the Ministry of Agriculture and Rural Development (MARD) reported.
Solutions for maintaining Vietnam

Solutions for maintaining Vietnam's position as a bright spot for foreign direct investment

VCN - Attracting FDI capital has been one of the bright spots contributing to the positive economic outcomes of Q1/2024, setting a favorable stage for the year 2024. This outcome has reaffirmed investors' confidence in Vietnam's investment environment and continues to drive decisions for new investments and the expansion of existing projects in Vietnam.
FDI disbursement in January-April period reaches five-year record

FDI disbursement in January-April period reaches five-year record

The total foreign direct investment (FDI) disbursed in Vietnam in the first four months of this year is estimated to reach 6.28 billion USD, up 7.4% year on year, the highest four-month amount in the past five years, reported the General Statistics Office (GSO).
Binh Duong aims to become logistics hub in southern region

Binh Duong aims to become logistics hub in southern region

With its existing infrastructure and industrial parks, Binh Duong has strong potential to become a logistics hub of the region.
Read More

Your care

Latest Most read
Production ensures export of 7.4 million tons of rice this year

Production ensures export of 7.4 million tons of rice this year

VCN - By the end of the first quarter of 2024, rice exports continued to increase by 17.6% in volume and 45.5% in turnover compared to the first quarter of 2023, reaching over 2.18 million tons, equivalent to nearly US$ 1.43 billion, average price US$ 653
More businesses to join Vietnam E-Pavilion

More businesses to join Vietnam E-Pavilion

The Ministry of Industry and Trade (MoIT) will collaborate with Alibaba to increase the number of prominent businesses selected to join the Vietnam E-Pavilion to 300, providing opportunities for enterprises to access millions of consumers worldwide through Alibaba.com's extensive customer network.
Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives urged to focus on branding to expand exports of organic tea

Cooperatives have been advised to focus on branding and improving product quality to expand tea exports to highly-demanding markets, especially organic tea products.
Seafood enterprises encounter problems with specialized inspection

Seafood enterprises encounter problems with specialized inspection

VCN - However, from February 2024 until now when Decision 5523/QD-BNN-CCPT took effect, these similar shipments have not been granted H/C certificates for export to the EU.
Three groups of export commodities achieved billions of USD

Three groups of export commodities achieved billions of USD

The result of exports is showing positive signs, especially many groups of commodities increased by over a billion USD compared to the same period in 2023.
Mobile Version