Tag Archive for ‘India’

Vietnam struggles to retain position as leading rice exporter

According to the Vietnam Food Association (VFA), the country is struggling to retain its position as the leading rice exporter in the world since late September, however with rice exports ready to hit a record 7.7 million tons by the end of this year, Vietnam may hold onto it position this year. A report by VFA said that in October firms exported 646,196 tons of rice at an average price of US$445.3 per ton, up $5.23 per ton compared to the previous month. Domestic rice price rose as firms had signed contracts to export 300,000 tons of rice to Indonesia last month. As…

Vietnam’s rice export likely to set record high this year

Vietnam may export 7.7 million tonnes of rice this year, setting a new record because of increased export orders in the last months of the year. Farmers happy with export prospects The Ministry of Agriculture and Rural Development (MARD) said that the country’s rice exporters are speeding up production for exports to meet over one million tonnes of rice by the end of the year, anticipating possible fluctuations in the world rice market. Race to the harvest The Vietnam Food Association (VFA) will be likely able to export 7.7 million tonnes of this in 2012, surpassing Thailand to become the biggest rice exporter…

Dam safety hot topic in Vietnam Assembly’s Q&A session

HA NOI (VNS)– The reservoir of quake-hit Tranh River Hydroelectricity Plant 2 in Quang Nam Province will stay empty until scientists have confirmed the dam’s safety, the Minister of Construction Trinh Dinh Dung said this morning. Human safety was the top concern and priority of the Government, he said during the Q&A session at the National Assembly today. As part of the examination, international geologists from Russia, India and Japan would be invited to help evaluate the earthquake situation in the area. Dung was responding to a question on the dam’s safety…

Nigerian drug boss arrested in Vietnam

Nigerian trafficker A.D.A., 32, was arrested after he was caught red-handed receiving 250 grams of drugs from his Vietnamese girlfriend in Ho Chi Minh City last week. Police sources told Tuoi Tre that custom officials at Tan Son Nhat Airport last Thursday found two plastic bags containing 250 grams of crystal methamphetamine hidden in two […]

India unveils new version of ‘world’s cheapest tablet’

India has launched a new version of its ultra-low-cost tablet computer with a quicker processor and an improved battery, on sale to students at the subsidized price of US$20. The Aakash tablet, dubbed the world’s cheapest computer, has been developed as a public-private partnership aimed at making computing technology available to students in a country […]

Vietnam’s soaring rice exports fail to benefit farmers

Soaring rice exports fail to benefit farmers Le Hung Vong (VNS) Notwithstanding the good news that Viet Nam may become the world’s No 1 rice exporter, shipping some 7.7 million tonnes this year, farmers remain unhappy because the profits from the grain are much lower this year compared to last. According to the Viet Nam Food Association (VFA), as of October 30 Viet Nam was the year’s top rice exporter with contracts of over 7.6 million tonnes. Truong Thanh Phong, the VFA chairman, said the country would surpass India to export 7.7 million tonnes. The average export price this year has been US$433.7 per tonne…

Retailers bank on Diwali to open Indian wallets

Indian retailers hope to boost disappointing consumer spending with a frenzy of special offers during this week’s Diwali festival, led by automakers crowding the market with nearly 20 new cars. Diwali, the Hindu festival of lights, has always been an auspicious time to splurge, sparking an annual race between retailers to provide the most attractive offers. But…

Vietnam to be among top three rubber exporters

(VOV) – Vietnam expects to produce 955,000 tonnes of natural rubber by the end of this year, to surpass Malaysia to rank third among the world’s largest rubber exporters. * Rubber strategy gets approval * Rubber exports earn nearly US$2 billion The set target represents a year-on-year increase of 17.6 percent, according to the Association […]

Global Composites Market Valued At $100 Bn, India Market Grows 24%

n 2010 JEC Composite estimated India’s size to be 0.3 million MT (or 300,000 tons), China’s size about 1.9 million MT and Japan’s size to be 500,000 tons. The global composites market at the end product level is valued at US $100 billion. According to Paris based JEC Composites, the global composite industry in volume […]

Gold Imports: How Genuine Are China’s statistics?

With 800 tons of gold poised to be imported by China this year, the Middle Kingdom is supposed to equalize India in gold imports. This year, India too is expected to import only 800 tons of gold. [For the next year the country may see only imports to the tune of 550 tons as the […]