As per the Indonesian National Logistics Agency (Bulog), Vietnam has won 8 out of 17 bidding packages, with a focus on 5 businesses. Among these, three major enterprises - the Loc Troi Group Joint Stock Company (LTG), the Vietnam Northern Food Corporation (Vinafood 1), and the Vietnam Southern Food Corporation (Vinafood 2) - each won two lots. Vietnam stands out as the only country with multiple businesses participating and securing a substantial number of bids. According to the General Department of Vietnam Customs, Indonesia surpassed China to become Vietnam’s second-largest market for rice exports in 2023, with total export volumes reaching 1.16 million tons, amounting to 640 million USD./.

Source: Viet Nam News February 02, 2024 15:09 UTC