In January, the Indonesian National Logistics Agency (Perusahaan Umum BULOG) initiated a tender to import 500,000 tonnes of rice to bolster the country’s food reserves. By January 30, BULOG completed the bidding process, with Việt Nam as the winner of 8 out of 17 packages, distributed among five companies.
SOEs’ total revenue was estimated at VNĐ1,136.621 trillion (US$46.73 billion) or 71 per cent of the annual target by the end of August, and 102 per cent compared to the same period last year.
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In 2023, rice exports are forecasted to have many breakthrough opportunities, thanks to the high price foundation of 2022 and China’s border reopening.
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