Vietnam’s 5 percent broken rice is US $15/ ton higher than Thailand’s starting August 8 (Photo: Thanh Nien)
The competitiveness of Thai rice in the international market has dropped sharply, partly due to the increase in Thai baht and increasing production costs, forcing Thai rice to stay at a high price.
According to Vietnam Trade Office in Thailand, Thai 5 percent broken rice’s FOB price stayed at US $460/ ton at the beginning of August, US $90 higher than the same rice in India. Meanwhile, Vietnam’s 5 percent broken rice was exported at only US$ 452/ ton. However, only one week later, the 5 percent broken rice's export prices of Vietnam started to gradually surpass Thailand’s, with a difference of US $15/ ton. Vietnam’s 5 percent broken rice is currently priced at US $478-482 in the international market.
The Thai government is considering changing its rice policy, focusing on marketing, reducing production costs, and researching new rice varieties, which include high-quality rice, popular rice, and special rice. Thai Ministry of Commerce will work with the Rice Exporters Association to seek new partners to expand its market, as Thai rice still remains attractive to international partners thanks to its quality, Thanh Nien reported.
Workers move rice sacks from a boat to a warehouse in the Mekong Delta Province of Tien Giang. Vietnam is expected to surpass Thailand in rice exports (Photo: Saigon Times)
Statistics from the Department of Agro-Processing and Market Development reveals Vietnam’s rice export volume and values have reached nearly 3.9 tons and US $1.9 billion, respectively, in the first 7 months of 2020, a 1.4 percent year-on-year reduction in volume and 10.9 percent year-on-year increase in value. At the moment, Philipines is Vietnam’s biggest rice export market, accounting for nearly 37 percent market share. Senegal, Indonesia, China are among Vietnam’s rice export markets boasting the strongest increase in value.
Apple has recently revealed the latest information on iPhone 12 line-up with great design, massive performance leap, 5G for every model, and exciting new camera ...
Vietnam has always been famous for its impressive flavourful cuisine. Besides pho, banh mi, the fresh and healthy Vietnamese summer rolls are also one of ...
In the context of globalization and increasingly profound international integration, culture has consistently proven its role as the "soft power" of nations. In Vietnam, cultural diplomacy is an important pillar of comprehensive and modern diplomacy.
From UNESCO recognitions to captivating cultural exchanges, Vietnam’s achievements in cultural diplomacy elevated its soft power on the global stage in 2024.
A newly released list by the American magazine US News & World Report reveals that Vietnam is one of the 40 most beautiful countries in the world in 2024.
Vietnam's transition into a new era of national resurgence represents a monumental step forward in its development journey. This phase brings with it a wealth of opportunities and favorable conditions, yet it is also accompanied by complex challenges and difficulties that must be navigated. The interplay of these opportunities and obstacles will test the nation’s resilience and determination as it strives for sustainable progress and greater global standing.
The Kaladan Multi-Modal Transit Transport Project (KMTTP) will benefit not only India and Myanmar but also Bangladesh, according to people familiar with the initiative.
A FEW years ago, the well-renowned Japanese-American physicist, Professor Michio Kaku, told an American audience what Americans have always known; that Silicon Valley and the thriving American FinTech industry will not exist without the H-1B Visa, which literally poached thousands of Indian and Chinese graduates to build this illustrious billion-dollar America’s industries.
When the EU-Vietnam Investment Protection Agreement (EVIPA) is ratified, it will boost investment relations between Vietnam and Poland, facilitating Polish businesses in particular and EU enterprises in general to expand their production and business operations in Vietnam.
National
National
Travel
Viet's Home
Economy
Economy
Economy