Thailand lifts 2024 rice export projection
Thailand expects to export 8.2 million tonnes of rice this year, up from a previous forecast of 7.5 million, helped by demand from major markets and a weakening THB, according to the country’s Commerce Ministry.
![Agricultural labourers working in a rice field in Suphan Buri province, Thailand. Photo courtesy of bangkokpost.com.](https://i.ex-cdn.com/theinvestor.vn/files/content/2024/07/31/thailand-the-investor-2146.jpg)
Agricultural labourers working in a rice field in Suphan Buri province, Thailand. Photo courtesy of bangkokpost.com.
The ministry revealed that rice importers want to import rice for consumption and to keep it as stock for food security. The Philippines and Indonesia will also import rice to alleviate the impact of inflation and drought.
Ronnarong Phoolpipat, director-general of the Foreign Trade Department, acknowledged that rice production in the final quarter of the year is expected to pick up as the effects of the El Nino weather phenomenon have subsided.
The country’s rice shipment recorded a 13.7% rise from a year earlier to 8.76 million tonnes in 2023, beating a target of 8 million tonnes.
- Read More
Super typhoon Yagi devastates Hanoi
Typhoon Yagi made landfall in Hanoi on Saturday evening, bringing powerful winds of 89-102 km per hour and heavy rainfall. The storm caused widespread flooding and downed numerous trees.
Southeast Asia - Sat, September 7, 2024 | 10:17 pm GMT+7
Vietnam finance ministry urged to seek $4 bln of bonds for strategic infrastructure development
The Vietnamese Ministry of Finance has been requested to mobilize another VND100 trillion ($4.06 billion) worth of bonds for strategic infrastructure development.
Economy - Sat, September 7, 2024 | 7:14 pm GMT+7
FTSE Russell adds three Vietnam tickers to flagship index
Global index provider FTSE Russell has added three Vietnamese stocks to its FTSE Vietnam Index, the underlying index of the FTSE Vietnam ETF.
Finance - Sat, September 7, 2024 | 5:08 pm GMT+7
PV Gas launches first LNG train on south-north railway route
PV Gas officially inaugurated its first liquefied natural gas (LNG) train shipment from the south to the north of the country on Friday, marking a milestone in Vietnam’s gas industry.
Companies - Sat, September 7, 2024 | 1:48 pm GMT+7
Vietnam's Jan-Aug CPI up 4.04%
Vietnam's consumer price index (CPI), an indicator of inflation, went up 4.04% year-on-year in the first eight months of this year, remaining unchanged in the last two months (July and August).
Economy - Sat, September 7, 2024 | 1:37 pm GMT+7
Vietnam state-run airport developer ACV has new chairman
Vu The Phiet, CEO of state-controlled Airports Corporation of Vietnam (ACV), has been named chair of the company - the operator of 22 airports across the country.
Companies - Sat, September 7, 2024 | 12:07 pm GMT+7
Super typhoon Yagi: Flash floods and landslides warnings issued for some northern Vietnam provinces
Northern Vietnam will experience heavy rainfall, with some localities receiving exceptionally heavy precipitation, from Saturday through Monday morning due to the super typhoon Yagi, according to the National Center for Hydro-Meteorological Forecasting.
Society - Sat, September 7, 2024 | 11:50 am GMT+7
SpaceX seeks to provide Starlink satellite internet services in Vietnam
U.S.-based tech giant SpaceX is ready to invest and provide its Starlink satellite internet services in Vietnam, says a senior executive, as the Southeast Asian country seeks to boost its digital economy.
Infrastructure - Sat, September 7, 2024 | 11:07 am GMT+7
Vietnam’s first tech unicorn VNG appoints acting CEO
Vietnam’s first tech unicorn VNG Corporation on early Saturday morning announced the appointment of deputy CEO Kelly Wong as acting CEO.
Companies - Sat, September 7, 2024 | 9:15 am GMT+7
Central Vietnam province to receive bids for $2.2 bln LNG-fired power plant
Vietnam's central province of Nghe An will receive bids for the 1,500-MW Quynh Lap LNG-fired power plant from September 20 to October 5.
Energy - Sat, September 7, 2024 | 8:07 am GMT+7
Indonesia promotes green industries
Luhut Binsar Pandjaitan, Indonesia's coordinating minister for maritime affairs and investment, has stressed that the country’s clean energy transition is not only aimed at reducing carbon emissions but also promoting the development of green industries.
Southeast Asia - Fri, September 6, 2024 | 10:53 pm GMT+7
ASEAN can hold key role in global carbon market
Indonesian Trade and Industry Chamber (Kadin) head Arsjan Rasjid on Thursday underscored at the 2024 International Sustainable Development Forum (ISF) that sustainability plays a key part in achieving an economic growth of 8%.
Southeast Asia - Fri, September 6, 2024 | 10:51 pm GMT+7
Indonesia, EU to ratify key trade deal soon
Negotiations on the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA) are nearly 90% complete, with the deal expected to be finalized this month, according to Indonesia’s Trade Minister Zulkifli Hasan.
Southeast Asia - Fri, September 6, 2024 | 10:50 pm GMT+7
ADB announces partnership strategy to assist Philippines
The Asian Development Bank (ADB) has launched a new six-year country partnership strategy designed to ensure that the Philippines' growth is sustained, inclusive, and resilient in the face of climate challenges.
Southeast Asia - Fri, September 6, 2024 | 10:48 pm GMT+7
Foreign tourist arrivals to Vietnam surges 46% in 8 months
Vietnam welcomed over 11.4 million tourist arrivals in the first eight months of this year, rising 45.8% year-on-year and exceeding the same period of pre-pandemic 2019 by 1%.
Travel - Fri, September 6, 2024 | 8:19 pm GMT+7
HCMC conference stresses need for cyber security vigilance
Individuals, organizations and businesses need to stay vigilant about information security, participants emphasized at a conference held in Ho Chi Minh City on Friday.
Companies - Fri, September 6, 2024 | 7:05 pm GMT+7