Thailand gets urgent rice orders from Bangladesh, Sri Lanka

VFA members seen exporting 5.7 million tons of rice this yearTrung Chanh CAN THO – Buoyed by favorable market conditions, the Vietnam Food Association (VFA) has set a rice export target of around 5.7 million tons this year for its member firms, a year-on-year rise of 800,000 tons. Huynh The Nang, chairman of VFA and general director of Vietnam Southern Food Corporation (Vinafood 2), said Vietnam had secured contracts to export about 880,000 tons of rice under government-to-government contracts since May. Around 770,000 tons is expected to be shipped overseas by next month. Chances are that Vietnam can win a tender to export 250,000 tons of rice to the Philippines this month, Nang noted. The Philippines’ National Food Authority is considering whether to purchase 544,000 tons of rice from late this month to early September, as its rice stocks have dropped to a three-year low, and the NFA will have to replenish the falling rice stocks within 30 days in the July-September period. According to the VFA, rice exports of its members are forecast to total nearly three million tons in the second half of the year. The figure is expected to amount to 5.7 million in all of 2017, up from 4.89 million tons in the previous year. VFA members registered to ship more than 3.5 million tons abroad in January-May, 0.2% lower than in the year-ago period. The volume of rice in the contracts that had not been fulfilled by early June is about 1.25 million tons while their inventories total…... [read more]

Vietnam will cut rice exports by 22 percent this year, the government confirmed Friday in a battle to rein in rocketing inflation at home that threatens to drive up prices and heighten supply security fears across Asia. The world's second-biggest exporter will limit rice shipments to 3.5 million tons, from 4.5 million last year, a government statement quoted Prime Minister Nguyen Tan Dung as saying, after Hanoi imposed a limit for the first 10-month shipment last week. Vietnam exported 859,000 tons of rice in the first three months of this year, up 5.3 percent from a year earlier, government figures show. The government's decision is the latest in a series of measures by governments across Asia and as far as Egypt to ensure sufficient supplies of the staple food for growing populations at a time when global stockpiles have halved and prices have surged. Medium-grade Thai 15 percent broken rice more than doubled to $735 a ton free on board Bangkok Thursday, from US$360 at the end of 2007. For Vietnam, the target is inflation. Consumer prices rose by nearly 20 percent in March, the highest in more than 12 years. "In order to stabilize food prices, the Prime Minister clearly stated that this year a maximum 3.5 million tons of rice will be exported," the government said in a statement on its website (www.chinhphu.vn). Food prices account for nearly 43 percent of the basket Vietnam uses to calculate its consumer price index. Vietnam rice prices are up 26 percent…... [read more]

Animals have died and children, elderly people and holidaymakers have been hospitalized some days when the North Vietnam is shivering with coldest spell. Thousands of students in the northern provinces of Lao Cai, Cao Bang, Lang Son, Ha Giang and Yen Bai were kept at homes when the temperature plunged. Meantime, big hospitals in Hanoi such as the National Children Hospital, Bach Mai, Thanh Nhan and hospital for old people have been overloaded that medical workers were run off their feet. Most patients suffer high fever, pneumonia, respiratory inflammation or lung infection and inflammation along with increase of cases of chronic diseases including asthma, high blood pressure, and rheumatism. Meantime, the number of animals dying of the extremely frigid weather conditions increased gradually. People’s Committee in the northern province of Quang Ninh’s Binh Lieu District announced 428 cattle died because of snow in highland communes namely Dong Tam, Vo Ngai and Dong Van. Dang Ba Bac, chairman of People’s Committee said that the local government has urgently purchased thousands of meter of clothes to provide residents for covering cowsheds. In addition to Binh Lieu District, cattle in Che, Uong Bi districts froze to death and hundreds of vegetables were destroyed in the harsh weather. Temperature in the northern mountainous provinces reduced to 1 Celcius degree. Accordingly, cattle and vegetables are destroyed all. Elsewhere in the country, the Northern Province of Lao Cai has 200 died cattle as per the Department of Agriculture and Rural Development's report. Snow covered all streets,…... [read more]

VietNamNet Bridge - The specific purpose of buying dried buffalo dung is still a mystery. In recent days, in the market area of the border junction between the three countries of China-Vietnam-Laos in Apachai, Muong Nhe district, Dien Bien province, Chinese traders have urgently purchased dried buffalo dung. Through observation of the reporter, every morning the people in some border villages of Apachai carried bags of dried buffalo dung to the border market to sell to Chinese traders. A bag of dried buffalo of about 15 kg is paid VND60,000 ($3). The dried buffalo dung is collected in the hills, cattle grazing areas in the region. When being asked why they buy dried buffalo dung, Chinese traders had the same answer: to fertilize their own tea and coffee gardens or to sell to tea and rubber farms. It is known that the purchase of dry buffalo dung of Chinese traders in Apachai began last year. The proceeds from the sale of dried buffalo dung are not large, but collecting buffalo dung has attracted a lot of people in border villages in Apachai, Muong Nhe - Dien Bien. Many people explained that with only one crop of rice, maize and cassava hills do not need buffalo dung; the domestic market does not buy this product so they sell it to China. Is it worrying when the situation continues? The answer is for the local government. Compiled by Na Son... [read more]

Top lawmakers want the new draft Law on National Reserves to encourage enterprises and organisations to take part in the storage of crucial commodities for use in cases of national emergencies. The draft law urges participation of non-State sectors in national reserves' infrastructure and storage. It is proposed to replace the current "obsolete" ordinance issued in 2004. At the National Assembly Standing Committee's meeting yesterday, April 11, Deputy Minister of Finance Nguyen Huu Chi said the existing ordinance had not kept up with the realities of the socialist-oriented market economy. "The ordinance just regulates the national reserves contribution from the State budget but fails to encourage the participation of enterprises, organisations and individuals in reserve activities such as the infrastructure building, storage, logistics and preservation," Chi said. Chi said the existing ordinance was found wanting in management and control mechanisms. "For instance, the purchase method does not meet requirements of urgency, thus causing difficulties in the annual routine of reserving goods," he said. Assembly Finance and Budget Committee Chairman Phung Quoc Hien said the draft law needed to clearly detail the encouragement of all economic sectors to take part in national reserves, the conditions and procedures of import and export, as well as storing of national reserve commodities and products. Hien recommended to take money off the list of national reserves. "They should be essential commodities and materials," he said, adding there were suggestions to put gold and minerals on the list but that needed more discussion. Regarding the Prime…... [read more]

Northern municipal authorities reported a further 148 cases of diarrhea diagnosed yesterday, taking the total number of infected cases to 603. Of the new cases, 80 were acute. Cautions on food consumption are being issued warning pathogens have been found not only in shrimp paste, raw seafood and lightly-cooked foods, but also in well-cooked foods. Pathogens linked to the recent spread of diarrhea in northern Vietnam are reported to have evolved into more complex forms in some provinces, like Hai Duong, Ha Tay, Hung Yen and Ha Nam, resulting in new high-risk areas with increasing numbers of victims. Specifically, Ha Tay is now reported to have 64 cases, Hai Duong 8, Hung Yen 5 and Ha Nam 15. Despite being seen as the epicenter of the epidemic, Ha Noi has been first to gain control over its spread and new cases dropped yesterday by 10% over previous days, said Ha Noi Department of Health (DoH) Deputy Director Nguyen Anh Tuan. The Ha Noi DoH revealed that hundreds of kilos of shrimp paste believed to be the leading cause of the epidemic have been seized. The shrimp paste, now viewed as dangerous medical waste, is to be transported to the Cau Dien garbage dump to be destroyed.  Babies  suffer diarrhea are being treated in a hospital According to Viet Nam Preventive Health Department Director Dr. Nguyen Huy Nga, the reasons for the rapid, wide-ranging spread of the pathogen are  a lack for awareness about personal hygiene and disease prevention in rural areas…... [read more]

Deputy PM Hue, currently on a visit to Indonesia from June 19-21, told his host that the establishment of the strategic partnership between Vietnam and Indonesia in 2013 opened up a new chapter in developing bilateral cooperation far and wide. He suggested reinforcing the traditional friendship and strategic partnership through intensifying the exchange of high-level delegations, effectively implementing the existing cooperation mechanisms and stepping up comprehensive cooperation. The two diplomats expressed delight at the vigorous growth of bilateral partnership, especially in economy, trade and investment. Deputy PM Hue proposed thorough preparations for for the seventh meeting of the Joint Committee on Economic and Science-Technology Cooperation in 2017 to seek specific measures to elevate two-way trade to US$10 billion next year. He affirmed Vietnam's readiness to offer optimal conditions for Indonesian firms to invest in the country, while asking for Indonesia’s support for Vietnamese enterprises in doing business in Indonesia, especially in rice export, oil and gas. He also thanked the Indonesian Foreign Ministry for close coordination in sending 695 Vietnamese fishermen back to their homeland.Minister Retno Marsudi, in turn pledged to cooperate with Vietnam in accelerating negotiations for an agreement in demarcation of overlapping exclusive economic zones between the two countries. Regarding regional and international cooperation, Deputy PM Hue reiterated Vietnam’s policy of boosting intensive, extensive and comprehensive international integration, and regional economic connectivity and prioritising the implementation of regional economic connectivity initiatives, including the Regional Comprehensive Economic Partnership. …... [read more]

Deputy Prime Minister Vuong Dinh Hue. (Source: VNA) Jakarta (VNA) – Deputy Prime Minister Vuong Dinh Hue held working sessions in Jakarta on July 19 with Indonesian Foreign Minister Retno Marsudi and Minister of Trade Enggartiasto Lukita to seek ways to further expand the partnership between the two countries. Deputy PM Hue, who is on a visit to Indonesia from June 19-21, affirmed that the establishment of the strategic partnership between Vietnam and Indonesia in 2013 opened up a new chapter in bilateral cooperation, developing their ties in both depth and width. He suggested that both sides should continue beefing up their traditional friendship and strategic partnership through increasing the exchange of high-level delegations, effectively implementing the existing cooperation mechanisms and boosting all-round collaboration. The two sides expressed delight at the strong growth of bilateral partnership, especially in economy, trade and investment. Deputy PM Hue proposed that the two countries actively prepare for the seventh meeting of the Joint Committee on Economic and Science-Technology Cooperation in 2017 to seek specific measures to lift up two-way trade to 10 billion USD in 2018. He pledged that Vietnam will offer favourable conditions to encourage Indonesian firms to invest in the country, while asking for Indonesia’s support for Vietnamese enterprises in doing business in Indonesia, especially in rice export, oil and gas. He also thanked the Indonesian Foreign Ministry for close coordination in sending 695 Vietnamese fishermen back to their homeland. Minister Retno Marsudi …... [read more]

The Vietnam Food Association (VFA) said it would introduce a new form of contract to prevent cancellation of rice export contracts, which has been rampant in recent months. Buyers cancel more contracts than sellers VFA Vice Chairman Pham Van Bay remarked both sellers (local companies) and buyers (foreign partners) had cancelled a large number of rice export contracts, but buyers so far had outnumbered sellers in contract cancellation. Therefore, VFA will soon introduce a sample contract for rice export. “Applying the contract offered by VFA will give sellers the upper hand and the legal basis for going to economic courts if the other party unilaterally broke the contract,” said Bay. In addition to the sudden increase in rice prices, another reason for contract cancellation is that the two parties do not open a letter of credit. Most of the contracts that have been cancelled are commercial contracts, which are signed between two companies, different from government-to-government contracts, said Bay. “Of the total annual rice exports of Vietnam, the volume exported under government-to-government deals makes up just a small portion, while the majority is rice exported under commercial contracts. Therefore, it is necessary to introduce a sample contract so that businesses can avoid rampant contract cancellations just as what has happened recently,” he said. Nguyen Tho Tri, deputy general director of Vietnam Southern Food Corporation (Vinafood2), said rice export contract cancellation often took place at private companies, which were not assigned to purchase rice for temporary storage or were assigned to…... [read more]

NDO/VNA – Deputy Prime Minister Vuong Dinh Hue held working sessions in Jakarta on July 19 with Indonesian Foreign Minister Retno Marsudi and Minister of Trade Enggartiasto Lukita to seek ways to further expand the partnership between the two countries. Deputy PM Vuong Dinh Hue, who is on a visit to Indonesia from June 19-21, affirmed that the establishment of the strategic partnership between Vietnam and Indonesia in 2013 opened up a new chapter in bilateral cooperation, contributing to the comprehensive development of ties. He suggested that both sides should continue beefing up their traditional friendship and strategic partnership through increasing the exchange of high-level delegations, effectively implementing the existing cooperation mechanisms and boosting all-round collaboration. The two sides expressed delight at the strong growth of the bilateral partnership, especially in economy, trade and investment. Deputy PM Vuong Dinh Hue proposed the two countries should actively prepare for the seventh meeting of the Joint Committee on Economic and Science-Technology Cooperation in 2017 to seek specific measures to lift two-way trade to 10 billion in 2018. He pledged that Vietnam will offer favourable conditions to encourage Indonesian firms to invest in the country, while asking for Indonesia’s support for Vietnamese enterprises in doing business in Indonesia, especially in rice exports, and oil and gas. He also thanked the Indonesian Foreign Ministry for closely coordinating with Vietnam when they sent back 695 Vietnamese fishermen home. Minister Retno Marsudi vowed to cooperate with Vietnam in speeding up…... [read more]




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