Sally Furniss
Well-known member
Re: Vietnam - Rice
Philippines calls halt to rice purchases through end-2010
16:22, Friday, 06/08/2010 (GMT+7)
Since 1995, the Philippines has been Vietnam?s top rice customer. Until 2005, the rice export contracts were government-to-government deals. From 2005 on, though export contracts were ostensibly privatized, it has always been the state-owned Southern Food Corporation (Vinafood 2) that wins the bid and allocates ?quotas? to subsidiaries. Vinafood 2 annually has exported nearly two million tons rice to the Philippines, meeting 2/3 of that country?s import requirement.
The new Benigno Aquino administration in Manila says it will encourage increased local food production and change rice import policies, aiming for self-sufficiency in rice by 2013.
Tran Duc Tung, formerly an expert at the Ministry of Agriculture?s Planning Department, comments that the sale of rice in big quantities and at high prices to the Philippines has brought big benefits to Vietnam over the last many years. However, Tung says, there has been a downside. Because enterprises have relied on one big market, they have become complacent. They have lost dynamism, the most important thing in doing business.
http://english.vietnamnet.vn/report...alt-to-rice-purchases-through-end2010-927264/
Philippines calls halt to rice purchases through end-2010
16:22, Friday, 06/08/2010 (GMT+7)
Since 1995, the Philippines has been Vietnam?s top rice customer. Until 2005, the rice export contracts were government-to-government deals. From 2005 on, though export contracts were ostensibly privatized, it has always been the state-owned Southern Food Corporation (Vinafood 2) that wins the bid and allocates ?quotas? to subsidiaries. Vinafood 2 annually has exported nearly two million tons rice to the Philippines, meeting 2/3 of that country?s import requirement.
The new Benigno Aquino administration in Manila says it will encourage increased local food production and change rice import policies, aiming for self-sufficiency in rice by 2013.
Tran Duc Tung, formerly an expert at the Ministry of Agriculture?s Planning Department, comments that the sale of rice in big quantities and at high prices to the Philippines has brought big benefits to Vietnam over the last many years. However, Tung says, there has been a downside. Because enterprises have relied on one big market, they have become complacent. They have lost dynamism, the most important thing in doing business.
http://english.vietnamnet.vn/report...alt-to-rice-purchases-through-end2010-927264/