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Retail Asia19/02/2024

According to the Agency of Foreign Trade at the Ministry of Industry and Trade, Vietnam expects to increase its agricultural exports to China as the neighboring country agreed earlier this year to review regulations permitting the official export of Vietnamese poultry meat. The agency cited statistics by the General Department of Vietnam Customs showing that […]

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Retail Asia30/08/2023

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Many Vietnamese companies are looking to the Thai market to export their products this year as demand declines in the U.S. and EU. Puripan Bunnag, senior vice president of the Thailand Convention and Exhibition Bureau, said in the first half of this year around 35,000 people from Vietnam have visited Thai exhibitions and fairs to explore […]

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Retail Asia29/06/2023

Vietnamese agritech company FoodMap has raised $1 million in a bridge round from foreign investors to expand its presence to new markets. Founder and CEO Tung Pham said that existing investors including Vulpes Investment Management, Beenext and Wavemaker Partners participated in this round. A Singapore family office also joined as a new investor. The Ho […]

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Retail Asia11/01/2022

Vietnam bought nearly 80 percent of Cambodia’s nearly $5 billion worth of agriculture exports last year. It bought 96-99 percent of Cambodia’s cashew, pepper and mung bean exports, according to a report by Cambodia’s Ministry of Agriculture, Forestry and Fisheries. Exports of Cambodia cashew to Vietnam grew 4.6 times from 2020, and that of pepper […]

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Retail Asia17/03/2021

International integration offers Vietnam agri-products opportunities to scale the value chain, though with strict requirements. Vietnam typically exports eight types of agricultural, forestry, and aquatic products with an annual turnover of over $1 billion, many of which have achieved high positions in the global market. However, experts say Vietnam’s agricultural sector has yet to develop […]

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Retail Asia25/04/2019

The fruit sales of VND2.9 trillion ($125.05 million) accounted for 54 percent of the corporation’s revenue, according to Hoang Anh Gia Lai JSC’s (stock code: HAG) consolidated financial statements for 2018. Other agricultural products like chilli and pepper also contributed VND550 billion ($23.71 million) in revenues. Meanwhile, revenues from cattle raising fell 83 percent to VND126 billion […]

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Retail Asia14/03/2019

As a way of life, not simply a trade, agriculture can bring families together, with generation after generation passing down physical farms or a fervor for farm life. While Suparatana Bencharongkul’s life began in the telecom business, but it was her father, Thailand telecom billionaire Boonchai Bencharongkul, who cultivated her love of agriculture at a […]

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Retail Asia21/02/2019

The US’s Animal and Plant Health Inspection Service has given the green light for the import of mangoes from Vietnam. The license comes exactly 10 years after Vietnam applied for it. To export fresh mangoes to the U.S., farmers and business will need to meet stringent standards. APHIS will inspect each shipment thoroughly before granting […]

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Retail Asia22/01/2019

Rice export prices slipped in India as the rupee weakened and demand waned, prompting buyers to turn to other markets such as Vietnam. India’s 5 percent broken parboiled variety eased to $379-$384 per tonne this week from the $382-$387 range last week. “Demand is still weak due to higher prices,” said an exporter based in […]

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Retail Asia07/01/2019

“Vietnam must strive to become a top 15 country in agriculture development in 10 years,” says PM Nguyen Xuan Phuc. “In particular, the agriculture processing sector should be in the top 10,” Phuc said at a conference held by the Ministry of Agriculture and Rural Development (MARD) on Thursday. “Vietnam must strive to become a […]

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Retail Asia26/11/2018

Rice export prices rose for a third straight week in India while an Philippine order did little to infuse activity in Thailand and Vietnam. India’s 5 percent broken parboiled variety was quoted around $367-$375 per tonne this week, from $363-$371 the last week. The top exporter’s rupee currency rose to its highest level in more […]

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Retail Asia16/11/2018

Rice prices in India nudged higher this week as the rupee firmed, while Thai exporters eyed fresh demand from the Philippines. India’s 5 percent broken parboiled variety was quoted around $363-$371 per tonne this week, versus $362-$369 last week. “As the rupee has started to appreciate, we have to adjust export prices,” said an exporter […]

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Retail Asia12/11/2018

Vietnam’s coffee exports can hit a record high this year because of high global demand for the robusta variety. Coffee exports this year could top over 1.8 million tons, said Do Ha Nam, deputy chairman of the Vietnam Coffee and Cocoa Association. “The world market has consumed all the coffee shipments from Vietnam. Supply has […]

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Retail Asia07/11/2018

Rice exporters Thailand and Vietnam did not submit offers at a Philippines 203,000-tonne import tender, citing stricter terms. The tender by one of the world’s top rice importers was held to meet unfilled orders after a tender on Oct. 18 for 250,000 tons of rice by Manila’s state-owned National Food Authority (NFA) secured only 47,000 […]

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Retail Asia06/11/2018

China should import more Vietnamese products, especially agriculture produce, so as to balance bilateral trade, PM Nguyen Xuan Phuc said Sunday. “As Vietnam is seeing a great trade deficit with China, you [Chinese businesses] should import more products from Vietnam, starting with agricultural products, to balance bilateral trade,” the prime minister said at a meeting […]

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Retail Asia12/09/2018

Failure to incorporate market needs and hi-tech elements into their projects is costing Vietnam’s agriculture startups dear, experts say. Experts and other participants at the opening ceremony of the Saigon Times Startup Club recently agreed Vietnam comes up short on agricultural startups that appeal to investors. “Previous capital investment reports show that funds for agriculture […]

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Retail Asia02/08/2018

Prime Minister Nguyen Xuan Phuc has called for a drastic reduction in administrative procedures and easier access to agricultural loans. He said at a recent conference in the Central Highlands city of Da Lat that relevant departments and ministries should reduce the number of administrative procedures by 50 percent, make it easier for enterprises investing in agriculture […]

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Retail Asia12/06/2018

Instead of working individually, Vietnamese farmers should band together and become “industrial workers,” an expert says. Dang Kim Son, former director of research with the Ministry of Agriculture and Rural Development, said at the Vietnam Economic Forum on Tuesday that farmers need to join forces to take Vietnamese agriculture to the next level, applying advanced […]

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Retail Asia23/06/2017

Farmers are growing more food than the population can eat due to a breakdown in communication. Vietnam’s Ministry of Agriculture and Rural Development (MARD) launched a new department on Wednesday aiming to “rescue” the country’s farm products. Despite its agricultural strengths, Vietnam simply isn’t consuming its own agro-products. Weak connections between farmers and traders and […]

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Retail Asia23/05/2017

Sompo Japan Nipponkoa Insurance will start selling insurance products that compensate farmers hit by drought in Indonesia as early as this autumn. Earlier this month, Sompo Japan signed a memorandum to partner with BMKG, Indonesia’s meteorological bureau, to gather weather data. The Japanese insurer will provide weather index products that pay a certain amount to […]

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