January 9, 2012
Vietnam shipped 7.11 million tons of rice in 2011 Vietnam, the world’s second largest rice exporter, is set to face tough competition from other exporters who offer low-quality varieties at very cheap prices, an industry official said. Rice prices are likely to fall as major exporters have stockpiled a large amount of the grain, Pham Van [...]
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December 21, 2011
The financial crisis in Europe and resultant weaker consumption is posing a great danger to Vietnamese exporters, many of whom have been heavily dependent on the market. Truong Thi Le Khanh, general director of Vinh Hoan Corp., a seafood processor and trader, said shipments to the EU are now on a decline. As the [...]
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October 30, 2011
Foreign visitors examine Vietnamese wood products at an exhibition in Ho Chi Minh City. The demand for garments and woodwork is expected to fall as the global recession continues. Exports are growing and their prices are rising, but a faster rise in input costs is canceling export profits. Exporters worry that the development is expected [...]
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October 19, 2011
Workers sort through green robusta coffee beans for defects at a processing plant in Ho Chi Minh City. Commodity exchange NYSE Liffe has launched a scheme to grade robusta coffee supplies in Vietnam. Coffee exporters in Vietnam, set to ship a record harvest, are being urged not to sign so-called forward contracts unless they have [...]
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September 23, 2011
Vietnamese coffee exporters fear that they could lose the market to foreign companies who have ample money to stockpile the bean. They say although the business is set to generate a revenue of US$2.6 trillion for Vietnam this year, only foreign exports can claim a successful year. Le Duc Thong, general director of Dak [...]
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September 4, 2011
Farmers transport rice after harvesting it outside Hanoi. Vietnam is expected to export a record 7.3 million tons of rice this year. The prices of many agricultural products are rising in the world market, but Vietnamese exporters may not be able to capitalize on this opportunity because their stocks are thin. Coffee prices have surged [...]
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August 8, 2011
Local exporters will have to cope with more non-tax trade barriers while other countries try to limit imports and protect production as the global economic recession continues. Deputy Minister of Industry and Trade Le Danh Vinh said trade remedies would be diverse and nuanced as importers impose more barriers relating to quality standards, export [...]
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July 12, 2011
Vietnamese coffee exporters have delayed loading of around 40,000 tons, or nearly 670,000 bags, due to thin domestic stocks and a jump in local market prices beyond export levels, traders said on Tuesday. The delayed volume in Vietnam, plus up to 12,000 tons in shipment cancellations in Indonesia, may pile pressure on the buyers [...]
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November 28, 2010
Local seafood exporters have criticized a European parliament member who has alleged that the pangasius or tra fish is farmed in “filthy” pools and polluted rivers. They’ve asked Struan Stevenson of Scotland to visit the farms on the Mekong River and see the breeding pools for himself. In his keynote address to the European [...]
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November 9, 2010
Vietnamese rice exporters have to meet new conditions including storehouse capacity and maintenance of reserves under a decree that takes effect on January 1 next year. Beside the requirement that rice exporters must register their businesses legally, they must have at least one storehouse with a minimum capacity of 5,000 tons and have at least one [...]
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