Wednesday, 9/30/2015

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Updated : 9/30/2015 11:18:44 AM

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Farm produce faces unpredictable future

Current factors, including the global recession, Chinese yuan
devaluation and global oversupply, do not support Vietnamese
farm exports, experts say.

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CAS technology to preserve Vietnams farm produce

Chinese try to corner farm produce market in Vietnam
Exports unsatisfactory this year
Nguyen Do Anh Tuan, head of Ipsard (the Institute of Policy and
Strategy for Agriculture and Rural Development), noted that Vietnams farm exports had been decreasing since the
beginning of the year. This was partly attributed to Vietnams rivals devaluing their currencies, thus making
Vietnamese exports more expensive.

Central bank cuts interest rates on dollar

Vietnams farm and seafood produce has become less competitive in price compared with Indian and Thai rice,

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Brazilian and Colombian coffee, Thai, Indian and Indonesian shrimp, and Indonesian and Malaysian rubber.
As the Chinese economy takes a hit, the worlds economies, have been reeling as well. Vietnam's economy bears
the biggest influence from Chinas economic problems as 20 % of Vietnams agricultural products are exported to

deposits

Cassava exports show upturn

State President welcomes US Trade
Representative

China, not including exports across border gates.

Russia, Vietnam businesses seek closer

cooperation

According to Tuan, in the first seven months of the year, China consumed 37 % of Vietnams total rice exports, 47 %

Vietnam steel exporters investigated

of rubber, 36 % of vegetables and fruits, 13 % of wooden furniture products, 12 % of cashew nuts and 7 % of
seafood exports.

Produce exports expected to top US$2 bln in

2015

Nguyen Trung Kien from Ipsard agreed that Vietnams farm produce had become less competitive because of the

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exchange rate policy.

Previously, Vietnams rice had a competitive selling price compared with Thailand and India. However, the prices
are now nearly the same.

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beautiful terraces
Kien noted that Vietnams agricultural growth rate heavily depends on exports, but exports have been unsatisfactory
so far this year.
Its farm exports in general have been average as the rice export value is down by 13 %, coffee 16 %, rubber 6 % and

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seafood 16 %.

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The country exported $9.2 billion worth of farm produce in the first eight months of the year, a decrease of 7.7 % over
the same period in 2014.

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In 2013, China consumed 66 % of Vietnams rice exports, while the figure was just 47 % in the first four months of

Launching first golf

the year.

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Regarding coffee exports, since Brazilian and Colombian arabica coffee prices have decreased sharply as a result

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of the local currencies depreciation, Vietnams robusta exports have suffered.

Dim ray of hope

Vietnam women's volleyball ranks 35th in the world

Kien warned that weak competitiveness plus weak demand in the world market would still be big problems for
Vietnams farm produce in the time to come.

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Janko Tipsarevic to compete in Vietnam Open

The International Monetary Fund (IMF) and the World Bank (WB) and several other institutions all have predicted that
the price of farm produce such as rice, coffee and shrimp would see a downward trend until 2020.

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Vietnam

A 7-13 % decline in prices has been predicted for the next several years.
Vietnamnet

My second trip to
Vietnam was filled

TAG farm produce , yuan devaluation , Nguyen Do Anh Tuan , IMF , WB , Ipsard

with fun, and a bit of

OTHERS

guilt

Produce exports expected to top US$2 bln in 2015 (30/09)

State President welcomes US Trade Representative (29/09)
Russia, Vietnam businesses seek closer cooperation (29/09)
Vietnam steel exporters investigated (29/09)
Danang, US boost trade, investment relations (29/09)
Central bank cuts interest rates on dollar deposits (29/09)

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Forum in Malaysia presents Vietnams business environment (29/09)

Cassava exports show upturn (28/09)
VietJet Air welcomes 8th new A320 aircraft (27/09)
Unlocking the potential of meat and poultry exports (27/09)

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