Foreign units prioritize purchases of Vietnamese rice, coffee: association

Foreign units prioritize purchases of Vietnamese rice, coffee: association

Vietnam is one of the world's major producers of rice and coffee, and international partners are prioritizing the procurement of Vietnamese products, according to Ly Kim Chi, chairman of the Food and Foodstuff Association of Ho Chi Minh City.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia speeds up purchasing rice from local farmers

Indonesia speeds up purchasing rice from local farmers

Indonesia’s State Logistics Agency (Bulog) has purchased 120,000 tonnes of unhusked rice (GKP) from farmers through domestic rice procurement, the agency announced.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thailand: Rice prices predicted to rise in Q2

Thailand: Rice prices predicted to rise in Q2

Thai rice exporters expect global prices will increase in the second quarter because of the impact of the El Niño phenomenon and India's rice export restrictions, reported the Bangkok Post.

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Indonesia to import additional 1.6 mln tonnes of rice

Indonesia to import additional 1.6 mln tonnes of rice

Indonesia’s National Food Agency (Bapanas) announced that the government is preparing to import an additional 1.6 million tonnes of rice to fill the government's rice reserves managed by the national logistic agency (Bulog).

Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agri major Loc Troi posts record 2023 revenue of $651 mln

Agri major Loc Troi posts record 2023 revenue of $651 mln

Major Vietnamese rice business Loc Troi Group JSC (LTG) reported record revenues of over VND16 trillion ($651 million) in 2023, a year-on-year increase of 37%.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agricultural stocks rebound strongly thanks to bright outlook

Agricultural stocks rebound strongly thanks to bright outlook

With a bright outlook and a number of other supporting factors, tickers in agricultural firms have made strong gains in the past two months, rising by 18-60% and outperforming the 11% recovery of the benchmark VN-Index.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam agribusiness Loc Troi signs MoUs to produce five mln tons of rice per year

Vietnam agribusiness Loc Troi signs MoUs to produce five mln tons of rice per year

Major Vietnamese rice conglomerate Loc Troi Group JSC (LTG) and its members signed memoranda of understanding (MoUs) with representatives of provinces and domestic and foreign partners to produce and supply nearly five million tons of rice per year from 2024 during the Loc Troi Customer Festival 2023 on Tuesday.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dutch Bank funds Loc Troi Group with $90 mln for sustainable agricultural production

Dutch Bank funds Loc Troi Group with $90 mln for sustainable agricultural production

Dutch Entrepreneurial Development Bank (FMO) has okayed a $90-million credit package for Loc Troi Group JSC (LTG), a leading agricultural services and food corporation in Vienam, to advance sustainable agricultural production.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Philippines push to seal deal on rice trade

Vietnam, Philippines push to seal deal on rice trade

Vietnamese Prime Minister Pham Minh Chinh and Philippine President Ferdinand Romualdez Marcos Jr. have designated relevant ministries and branches of the two nations to support the signing of an intergovernmental agreement on rice trade cooperation.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnamese rice exporter to borrow $9.6 mln from Malaysian bank

Vietnamese rice exporter to borrow $9.6 mln from Malaysian bank

Trung An High-Tech Agriculture JSC, a leading rice exporter in Vietnam, plans to borrow VND230 billion ($9.55 million) from Malaysia’s Malayan Banking Berhad (Maybank) to augment its working capital.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Philippines negotiates to buy more Vietnamese rice, boost buffers

Philippines negotiates to buy more Vietnamese rice, boost buffers

The Philippines is in talks to import more rice from Vietnam as it seeks to boost its buffer stock and lower domestic prices, a Philippine official says.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam agri-major Loc Troi prepares rice shipments to Indonesia, Malaysia

Vietnam agri-major Loc Troi prepares rice shipments to Indonesia, Malaysia

Loc Troi JSC, a leading agricultural services and food corporation in Vietnam, will export rice to Indonesia and Malaysia in a new move amidst rising prices in key exporting countries.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agri major Loc Troi turns loss into record high profit, Vinafood 2 profit up 2 times

Agri major Loc Troi turns loss into record high profit, Vinafood 2 profit up 2 times

Agricultural services and food majors Loc Troi JSC and Vinafood 2 posted a remarkable profit in the second quarter of the year, while their peers Trung An Rice and An Giang Import-Export incurred a loss.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Loc Troi secures contracts to keep rice exports going

Loc Troi secures contracts to keep rice exports going

Loc Troi Group, a leading agricultural services and food corporation in Vietnam, has secured new export contracts to fulfil until this November, says CEO Nguyen Duy Thuan.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam leverages rice exports but assures food security

Vietnam leverages rice exports but assures food security

Vietnam, the world’s third-largest rice exporter after India and Thailand, is expected to ship abroad 7.5 million tons of rice this year while maintaining national food security, officials said.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam targets food security, higher rice export revenue

Vietnam targets food security, higher rice export revenue

Vietnam, one of the world's three largest rice exporters, is navigating the situation caused by India’s rice export ban while seeking to ensure sufficient domestic supplies.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gainful season seen for global rice suppliers including Vietnam

Gainful season seen for global rice suppliers including Vietnam

Vietnam and other major rice exporters are likely to enjoy higher demand and prices in the 2023-24 season, says the United Nations’ Food and Agricultural Organization.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam rice strategy focuses on quality, yearly exports to reduce to 4 mln tons

Vietnam rice strategy focuses on quality, yearly exports to reduce to 4 mln tons

Vietnam, the world’s third-largest rice exporter after India and Thailand, will cut its annual rice exports by 44% to four million tons by 2030 while boosting quality to increase value.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agri group Loc Troi to pay 25% dividend rate in shares

Agri group Loc Troi to pay 25% dividend rate in shares

Loc Troi Group JSC, a leading agricultural services and food corporation in Vietnam, will pay last year’s dividend of 25% in shares to add more than VND1 trillion ($42.65 million) to its charter capital.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Loc Troi Group rides wave of high-quality rice exports

Loc Troi Group rides wave of high-quality rice exports

Vietnam is the world’s third-largest rice exporter, and agricultural services and food conglomerate Loc Troi Group JSC is expanding high-quality rice production for export, says CEO Nguyen Duy Thuan. These efforts are being funded by seven banks - six foreign and one Vietnamese - with a $100 million syndicated loan issued for the group last October.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Thailand to serve as world’s main Southeast Asia rice exporters in decade: report

Vietnam, Thailand to serve as world’s main Southeast Asia rice exporters in decade: report

Vietnam, Thailand and Myanmar are the world's main Southeast Asia rice exporters in 2023-2032, according to a new report by market insights provider ResearchAndMarkets.com.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam rice e-commerce platform trials begin

Vietnam rice e-commerce platform trials begin

A trial run of a business-to-business (B2B) e-commerce platform for rice, rice products and byproducts in Vietnam commenced on Monday following the completion of a pre-feasibility study in June.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Loc Troi signs half-million-ton-rice deal with exporter Vinafood I

Loc Troi signs half-million-ton-rice deal with exporter Vinafood I

Agricultural services and food conglomerate Loc Troi Group JSC struck a deal Thursday to supply 500,000 tons of rice to leading rice exporter Vietnam Northern Food Corp. (Vinafood I) in 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Thai Binh strain Vietnam’s best rice in 2022

Thai Binh strain Vietnam’s best rice in 2022

The TBR39 rice variety grown by the Thai Binh Seed Corporation has won Vietnam’s Best Rice 2022 prize in the third edition of the competition.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam firm gets $100 mln syndicated loan for high-quality rice production

Vietnam firm gets $100 mln syndicated loan for high-quality rice production

Seven banks - one domestic and six foreign - agreed Monday on a three-year (2022-2025), $100 million syndicated loan for the Loc Troi Group to invest in expanding high-quality rice production.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam, Thai, Cambodia, India rice outputs forecast to marginally fall: FAO

Vietnam, Thai, Cambodia, India rice outputs forecast to marginally fall: FAO

Rice outputs in Vietnam, Thailand, India, and Cambodia are predicted to fall slightly this year but stay above five-year averages in the latter three, according to the United Nations’ Food and Agricultural Organisation (FAO).

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Word Bank urges Vietnam to adopt low-carbon rice to cut emissions

Word Bank urges Vietnam to adopt low-carbon rice to cut emissions

Transitioning to low-carbon rice production offers the highest potential for Vietnam to meet its goal of reducing methane emissions by 30% by 2030 while boosting the competitiveness of this significant export item, a new World Bank study says.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Surging demand offers Vietnam rice exporters bright prospects

Surging demand offers Vietnam rice exporters bright prospects

With many countries limiting food exports to guarantee domestic supply, rice is forecast to witness surging prices, offering Vietnam a competitive advantage as one of the world’s largest grain exporters.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam’s famous rice gains Japan foothold

Vietnam’s famous rice gains Japan foothold

Tan Long Group JSC, in collaboration with Kiraboshi Bank, held a ceremony Thursday in Tokyo to introduce ST25 rice, named the world’s best rice in 2019, to the Japanese market.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam rice exporters reap higher profit on increased price

Vietnam rice exporters reap higher profit on increased price

Vietnamese rice exporters enjoyed good growth in profit in the first quarter of 2022 on higher prices and good orders.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7