NATIONAL NEWS
VN to export 3.5 mln tonnes of rice in 9 months
16:37', 4/8/ 2008 (GMT+7)

Vietnam expects to export 3.5 million tonnes of rice in the first nine months of the year with the August volume estimatedly hitting 400,000 tonnes.
At present, the price of Vietnamese rice ranges between 620-630 USD per tonne, while that of Thai rice, from 700-720 USD per tonne in the world market.
According to Vice Chairman of the Vietnam Food Association (VFA) Tran Ba Hoan, VFA has made a proposal allowing rice exporters to get loans in foreign currency instead of Vietnam Dong to purchase rice from farmers to avoid the VND lending interest rate. With the current rates, exporters have to pay an additional 12-15 USD for a tonne of rice each month.
The VFA has also suggested the government abolish rice export duties or increase the levied export rice price from 600 USD per tonne to 800 USD per tonne.

. Source: VNA

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