Prices of Vietnam’s exported rice highest in the world

Monday, 28/08/2023 21:45
Prices of Vietnam’s exported rice are still the highest in the world, with that of 5% broken rice reaching 638 USD per tonne, and 25% broken rice 623 USD per tonne, reported Vietnam News Agency according to the Vietnam Food Association.
 Price of 5% broken rice reaching 638 USD per tonne, and 25% broken rice 623 USD per tonne (Photo:

Meanwhile, Thailand’s 5% broken rice is sold at 628 USD per tonne, and that of Pakistan at 598 USD a tonne.

In the Mekong Delta – the largest rice granary of Vietnam, the price of paddy rice remains at an unprecedented high level in many localities, helping farmers achieve good profits.

In July, the United Nations Food and Agriculture Organisation (FAO)'s rice price index rose to its highest level in nearly 12 years. The move was due to a spike in prices in key rice exporting countries after India imposed export restrictions.

Recently, the Vietnamese Ministry of Industry and Trade announced the list of 210 businesses that are eligible to export rice.

According to the ministry, in the first seven months of this year, Vietnam exported 4.83 million tonnes of rice. The country plans to export about 2.67 million tonnes in the remaining five months of the year.

Vietnamese tuna exports to EU enjoy rebound

While Vietnamese tuna exports to major markets such as the United States, Japan, and Canada continued to decline, exports to the EU market have prospered, reported the Voice of Vietnam according to the General Department of Vietnam Customs.

Statistics indicate that tuna export turnover to the US, Japan, and Canada in July witnessed decreases of 26%, 20%, and 38%, respectively, the lowest since the beginning of the year.

Meanwhile, tuna exports to the EU in July continued to recover, climbing 28% year on year. The sharp rise prompted Vietnam’s seven-month tuna export turnover to inch up by 5% to US$96 million.

Within the bloc itself, Italy returned to the top three leading consumers of Vietnamese tuna, experiencing a 10-fold rise in value against the same period from last year. Elsewhere, tuna exports to Germany and the Netherlands also saw strong annual rises of 43% and 96%, respectively.

Experts say there are bright prospects ahead for tuna exports to foreign markets in the remaining months of the year.

VASEP cited statistics from the US Department of Commerce, indicating that retail sales in the US market edged up by 0.7% in July.

Most notably, US retail spending, especially on food, has picked up remarkably since the beginning of the year, a factor which has opened up a positive outlook ahead for the recovery of tuna exports in the US market by the end of the year.

Meanwhile, the amount of inventories in several markets witnessed a downward trajectory, duly leading to the rise in tuna export orders moving forward

Moreover, the number of festivals to be held till the end of the year will see consumers tend to hoard food for their dining needs, a factor which is anticipated to raise Vietnam’s tuna export turnover ahead in the coming months.

Vietnam ranks third at ABU Robocon 2023 in Cambodia

Vietnam and China finished third at the ABU Asia-Pacific Robot Contest (ABU Robocon) which took place in Phnom Penh, Cambodia, on August 27, reported Vietnam News Agency.

Contestants at at ABU Robocon 2023 in Cambodia (Photo: VNA) 

Japan was the winner of the grand prix of the ABU Robocon 2023, followed by Hong Kong (China).

Held at the Phnom Penh-based Morodok Techno National Stadium, the half-day event attracted 14 university teams from Cambodia, China, Hong Kong (China), Egypt, India, Indonesia, Japan, Malaysia, Mongolia, Nepal, Sri Lanka, Thailand and Vietnam.

Speaking at event, Neth Pheaktra, Cambodia’s Information Minister, said the international event provided an opportunity for university students to demonstrate their technological capabilities, share experiences and show cultural diversity.

He noted that this is the first such event hosted by Cambodia, showcasing the progress of the country’s robot technology to the world.

Pang Chamnan, Robocon Cambodia director of the state-run National Television of Cambodia (TVK), which co-organised the event with ABU said that this year’s competition themes are “Casting flowers over Angkor Wat” and “Throwing rings into poles”.

Accordingly, a pair of robots are required to complete a task within a timeframe, is intended to advance engineering and broadcasting technologies in the region and to foster friendships among young people with similar interest.

Also at the event, Cambodia handed over the ABU Robocon flag to Vietnam, the event's host in 2024.

Vietnam’s FDI inflows top 18 billion USD in 8 months

Vietnam lured close to 18.15 billion USD in foreign direct investment (FDI) from the beginning of this year to August 20, up 8.2% year-on-year, reported Vietnam News Agency according to the Foreign Investment Agency under the Ministry of Planning and Investment.

A gas stove component production line of the Japanese-invested Paloma Vietnam Co. Ltd in the Vietnam - Singapore Industrial Park in Hai Phong city (Photo: VNA) 

In the period, there were 1,924 newly-registered projects with a combined capital of 8.87 billion USD, up 69.5% and 38.6% compared to the same period last year, respectively.

Meanwhile, over 4.53 billion USD was added to 830 existing projects, down 39.7% and up 22.8% year-on-year, respectively.

The value of capital contribution and share purchase deals rose by 62.8% to 4.47 billion USD.

Workers produce wooden furniture at Woodsland's factory. (Photo: VNA) 

The manufacturing and processing sector led in FDI attraction, with close to 13 billion USD, followed by real estate with more than 1.76 billion USD.

In the January-August period, Singapore topped the list of countries and territories pouring capital into Vietnam with more than 3.83 billion USD, down 15.4% annually. It was followed by China (nearly 2.69 billion USD) and Japan (over 2.58 billion USD).

Hanoi received the lion's share – 2.34 billion USD – of the foreign investment, up 2.89 times against last year. Hai Phong came second with over 2.08 billion USD, increasing by 72.2%, followed by Ho Chi Minh City, Bac Giang, and Binh Duong.

As of August 20, FDI disbursement was estimated at about 13.1 billion USD, an annual rise of 1.3%./.

Compiled by BTA