17/08/2009
VietNamNet/Thanh Nien/ Bloomberg
VietNamNet Bridge – Vietnamese and Cambodian officials met this week to discuss setting up a state-owned joint rice mill project to control prices, a local association said.
An official from the Vietnam Food Association said Thursday that the Southern Food Corporation (Vinafood 2) and the Bank for Investment and Development of Vietnam would be the Vietnamese partners, representing a 60 percent stake in the Cambodia-based joint venture.
The first rice venture between the two countries would combine the rice processing experience of the Vietnamese partners with Cambodia’s rice production sector, which has been largely untapped for exports, said the official.
Vietnam is the world’s second biggest rice exporter, having shipped nearly US$1.7 billion worth of rice in the first seven months this year.
Cambodian rice yields have been increasing and its government has encouraged businesses to process for export, according to the association.
About 1 million tons of Cambodian rice was ready for export, said the association. The competition, as well as a high summer-fall yield in Vietnam, was pushing prices down, according to local officials.
The new venture is expected to help prevent prices from falling, the association said.
The association aims to prevent price drops by asking members to buy 400,000 tons of the grain from farmers in order to increase its rice stockpiles.
Regional association
A Thai official said Saturday that five Southeast Asian nations may set up a rice-trade association next year to cooperate in stabilizing rice prices.
Thailand, Vietnam, Cambodia, Laos and Myanmar will also cooperate on other issues related to food security and production, said Chiya Yimvilai, a spokesman at a meeting of ASEAN economic ministers in Bangkok. The countries would also work together on developing rice products, he said.
“It won’t be like OPEC,” said Chiya, speaking at a press briefing. “Our objective is to help prevent prices from falling too much, but we won’t jointly set the prices.”
An official from the Vietnam Food Association said Thursday that the Southern Food Corporation (Vinafood 2) and the Bank for Investment and Development of Vietnam would be the Vietnamese partners, representing a 60 percent stake in the Cambodia-based joint venture.
The first rice venture between the two countries would combine the rice processing experience of the Vietnamese partners with Cambodia’s rice production sector, which has been largely untapped for exports, said the official.
Vietnam is the world’s second biggest rice exporter, having shipped nearly US$1.7 billion worth of rice in the first seven months this year.
Cambodian rice yields have been increasing and its government has encouraged businesses to process for export, according to the association.
About 1 million tons of Cambodian rice was ready for export, said the association. The competition, as well as a high summer-fall yield in Vietnam, was pushing prices down, according to local officials.
The new venture is expected to help prevent prices from falling, the association said.
The association aims to prevent price drops by asking members to buy 400,000 tons of the grain from farmers in order to increase its rice stockpiles.
Regional association
A Thai official said Saturday that five Southeast Asian nations may set up a rice-trade association next year to cooperate in stabilizing rice prices.
Thailand, Vietnam, Cambodia, Laos and Myanmar will also cooperate on other issues related to food security and production, said Chiya Yimvilai, a spokesman at a meeting of ASEAN economic ministers in Bangkok. The countries would also work together on developing rice products, he said.
“It won’t be like OPEC,” said Chiya, speaking at a press briefing. “Our objective is to help prevent prices from falling too much, but we won’t jointly set the prices.”
5 comments:
srokhmer will be like laos if khmer altogether don't unite and rises up against the aggresor youns.
Any partnership from VN should not represent more than 40 percent stake. Otherwise Cambodian economy will be completely taken over by this powerful neighbour. CPP leaders who normally very keen on Cambodian sovereignty when being criticised by the NGO and the West in general, will they allow this kind of economic colonization taking place?
i theorized that youn change their old way because they know that sooner or later cambodia will dam the cambodia mekong, thus the mekong delta will dry up and sea waters will flown in, thus can't grow rice there anymore, at least not in a large scale like the "rice basket" region in cambodia, so they shift their tactic to partner up with khmer rice. whose know, or maybe it is strictly business as well. but anyway, khmer should get smarter about it!
bad thinking if that's the only thinking youn is having when doing business in cambodia. khmer people demand that it must benefit cambodia and khmer people as a whole, no except. cambodia is not about vietnam and youn, you know. so, if you come to do business in cambodia thinking only for youn, you people might as well pack you bag and go back home because khmer people want out after our own interest from now on and it must benefit cambodia our khmer people. if you come to cambodia with bad youn intention of stealing, violating khmer law, take advantage of poor khmer people, etc... then you people are not welcome, ok! keep cambodia's interest in mind! and must learn our khmer language, no excuses is allowed. otherwise, go find your business elsewhere as khmer people will not let you do that in cambodia, if you have youn criminal intention on cambodia! make sure to assimilate into khmer society, too!
Yo! that is wrong man! if we let them do that...
Post a Comment