Thai rice exports to see significant decline this year
Thailand's rice exports this year are expected to drop significantly from 9.95 million tons in 2024 because of intensifying global competition.
Farmers working in rice fields in Thailand. Photo courtesy of Bangkok Post.
India has ended its ban on rice shipments, while production has increased in both exporting and importing countries as drought conditions subsided, according to deputy government spokesman Anukool Pruksanusak, as cited by Bangkok Post.
Indonesia, a key importer, may scale back rice imports as its domestic production rises and stockpiles remain substantial, he said.
Anukool said Thailand's rice exports reached nearly 10 million tons last year, surpassing the target by almost 1 million tons.
However, the situation has shifted this year, with exports potentially dropping to 7.5 million tons due to increased production and declining demand.
Thai rice exports rose 13% year-on-year in 2024, generating revenue of THB225 billion (roughly $6.43 billion), up 27%.
- Read More
Gelex Electric majority shareholder of new tech firm
Gelex Electric, under Vietnam's leading multi-sector corporation Gelex Group, has announced a board decision on capital contribution to establish a technology company, bringing its subsidiaries to 10.
Companies - Tue, May 13, 2025 | 9:25 pm GMT+7
Vietnam’s auto sales in April increase 21% year-on-year
The Vietnam Automobile Manufacturers’ Association (VAMA) on Tuesday said that its members, not including VinFast and Hyundai, reported sales of 29,585 units in April, down 7% month-on-month but up 21% year-on-year.
Companies - Tue, May 13, 2025 | 9:16 pm GMT+7
Malaysia a prime site for nuclear plants: expert
Malaysia is a logical choice to host nuclear power plants given that it is less prone to tectonic activities such as earthquakes compared with its Southeast Asian neighbors, according to an expert.
Southeast Asia - Tue, May 13, 2025 | 9:07 pm GMT+7
Thailand sends trade proposal to US
Thailand has sent a trade proposal to the U.S., Prime Minister Paetongtarn Shinawatra said on Tuesday, as her government seeks negotiations to reduce U.S. tariffs.
Southeast Asia - Tue, May 13, 2025 | 9:01 pm GMT+7
UOB forecasts USD price at VND26,100 in Q2, VND26,300 in Q3
Singaporean bank UOB's updated forecasts on the price of USD against the Vietnamese dong (VND) are 26,100 in Q2/2025, 26,300 in Q3, 26,000 in Q4, and 25,800 in Q1/2026.
Banking - Tue, May 13, 2025 | 4:15 pm GMT+7
US’s manufacturing service provider Key Tronic expanding in Vietnam despite tariff uncertainties
Key Tronic, a leading American design and manufacturing service provider, is proceeding with the buildout of new production capacity in Arkansas (U.S.) and Vietnam despite tariff uncertainties.
Industries - Tue, May 13, 2025 | 4:01 pm GMT+7
Motorbike maker Piaggio plans €26 mln paint shop at Vietnam plant
Italian motorbike manufacturer Piaggio plans to build a new paint shop at its factory in Vietnam by 2027, with an expected investment of €26 million, according to its 2024 financial statements.
Industries - Tue, May 13, 2025 | 3:37 pm GMT+7
Vietnam stands out in human development amid global slowdown: UNDP
As the world enters the age of artificial intelligence (AI), Vietnam continues to maintain a strong standing in human development, defying a global slowdown, according to the United Nations Development Programme's (UNDP) 2025 Human Development Report.
Southeast Asia - Tue, May 13, 2025 | 3:26 pm GMT+7
Apple supplier Wistron plans 30% output boost in northern Vietnam
Wistron Infocomm (Vietnam) Co., Ltd, under Taiwan-headquartered electronics manufacturer Wistron - a supplier to Apple, will increase its output in the northern province of Ha Nam by 30% and hire over 3,000 workers in the time ahead to support the ramp-up.
Industries - Tue, May 13, 2025 | 3:01 pm GMT+7
Stock of Vingroup’s hospitality arm Vinpearl hits ceiling price in market debut
VPL, the ticker of Vinpearl JSC - the hospitality subsidiary of Vietnam's leading conglomerate Vingroup, surged 20% to its ceiling price of VND85,500 ($3.29) per share within the first trading hours on the Ho Chi Minh bourse Tuesday morning.
Finance - Tue, May 13, 2025 | 12:39 pm GMT+7
Vietnam welcomes Swedish investment expansion in digital economy, infrastructure: PM
Vietnam welcomes Swedish companies to further invest in the areas that they have strengths in and align with Vietnam’s development priorities like the digital economy, infrastructure, and information-communication technology.
Economy - Tue, May 13, 2025 | 12:04 pm GMT+7
Vietnam, Belarus issue joint statement on establishing strategic partnership
Vietnam's Party General Secretary To Lam and Belarusian President Aleksandr Lukashenko have signed a joint statement officially establishing a strategic partnership between Vietnam and Belarus, during the Vietnamese leader’s state visit on May 11-12.
Politics - Tue, May 13, 2025 | 11:23 am GMT+7
CEO of Covid-19 vaccine developer Nanogen dies at 59
Ho Nhan, CEO of Nanogen - the first Vietnamese company to conduct clinical trials for a Covid-19 vaccine, passed away on Monday at the age of 59 due to heart disease.
Companies - Tue, May 13, 2025 | 11:09 am GMT+7
How easing US-China trade tensions could impact Vietnam's benchmark VN-Index?
Analysts have turned bullish on Vietnam's benchmark VN-Index as the U.S.-China reached a positive tariff deal, delivering a wave of upbeat signals to financial investors.
Finance - Tue, May 13, 2025 | 10:50 am GMT+7
Vietnam's leading property developer Novaland denies 'panic selling' amid chairman-linked share divestments
Novaland has denied allegations of panic selling following major planned divestments by entities linked to its chairman Bui Thanh Nhon, affirming that the moves are strategic steps to support its ongoing debt restructuring, not signs of instability.
Companies - Tue, May 13, 2025 | 8:17 am GMT+7
Vietnam's leading dairy firm TH Group inaugurates large-scale plant in Russia
TH Group inaugurated its state-of-the-art fresh milk processing plant in Borovsk district in Kaluga oblast of Russia on Sunday.
Companies - Mon, May 12, 2025 | 10:37 pm GMT+7
