Vietnam exported nearly 4.2 million tonnes of rice in the first seven months of 2022, up 20.5% year-on-year, according to the Ministry of Agriculture and Rural Development.
aa
Sao chép liên kết
Illustrative photo.
But earnings were only 9% higher, at 2 billion USD, since global rice prices have fallen by over 10% to 489 USD a tonne on average.
Exports to the US grew fastest at 65.3%, followed by the Philippines, Vietnam's top market, at 48.6%.
Domestic prices also fell as adverse weather affected rice quality and demand was low compared to previous months.
Exporters have slowed down purchases from farmers and await the peak harvest season.
Vietnam is currently the second biggest rice exporter in the world, just behind India./
Clean land funds in prime southern industrial locations are becoming increasingly scarce as competition intensifies, with sites near Long Thanh International Airport drawing strong investor interest.
Vietnam Container Shipping, a leading logistics provider, announced the acquisition of a 65 per cent equity interest in Harbour City Co. Ltd on March 16, to implement a real estate project in Haiphong city.
Sun Group has become the controlling shareholder in newly established Vietnam Digital Asset JSC, committing 64 per cent of its initial $40 million charter capital.
A consortium between Hateco and the Netherlands' APM Terminals will develop the Lien Chieu container port in Danang with an investment of $1.76 billion.
Electronics retail chain Dien May Xanh, under Mobile World Investment Corp, plans an initial public offering by selling 180 million shares, or a 16 per cent stake.