Commodities

MARD: Vietnam Agricultural Commodities to Increase Exports in 2011

© Vietnamica.net | April 11, 2011 — Vietnam Ministry of Agriculture and Rural Development (MARD) expects Vietnam’s exports of agricultural commodities to increase substantially in 2011. Key exports with high export receipts will remain to be rice (US$3.4 billion), aqua-products (US$5.8 billion), coffee (US$2.6 billion) and rubber (US$3 billion).

Vietnam Rice Export Q1.2011 Exceeded 1.8 Million MT, 6 Million Expected for 2011

© Vietnamica.net | April 7, 2011 — According to Vietnam Food Association, Vietnam exported over 1.849 million metric tons (MT) of rice in Q1.2011, earning US$ 884 million (FOB price), representing a 42-percent jump in volume, and 46-percent increase in dollar terms, compared to Q1.2010. On average, export price gained US$8.19 per MT, reaching US$478.12 per MT.

Data: Vietnam Rice Export, 1890-1941 and 1989-2010

Vietnamese Worried of Widening Trade Deficit with China

© Vietnamica.net | March 25, 2011 — Much of China’s reserve comes from its trade surplus with the rest of the world. Vietnam – a China’s neighboring country which shares a 1,450 km land border (MONRE Mar 23 2010) – has been an increasingly important importer of capital and consumer goods from China.

Rising Pressures on Vietnam’s Rice Exports as Thai Farming Changes

© Vietnamica.net | March 24, 2011 — According to a Thai government official (un-named) in charge of rice production strategy, Thailand would encourage farmers to grow rice twice a year instead of three harvests. As the world’s long-standing largest rice exporter now Thailand shifts to higher quality production. This new strategy may take effect from October 2011. While pursuing this plan, rice exports from Thailand may be reduced by 2 million metric tons per year, with a clear determination of increasing quality proportion in the country’s export. Thai rice prices remain the benchmark for rice exports from Asian countries,...

Competitiveness of Food Processing in Vietnam: A Study of The Rice, Coffee, Seafood, and Fruit and Vegetables Subsectors

Vietnamica.net | March 6, 2011 — This report examines the competitiveness of the food processing sector in Viet Nam, focusing on four subsectors: rice milling, coffee processing, seafood processing, and fruits and vegetables. The rationale for the study is that Viet Nam, as a member of the Association of South East Asian Nations (ASEAN), is obliged to follow the trade liberalization schedule defined by the ASEAN Free Trade Agreement (AFTA). Under this agreement, Viet Nam will have to reduce the import tariffs on almost all goods imported from ASEAN members to less than 5 percent by 2003. An important...

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