# Vietnam Business Forum of Vietnam Chamber of Commerce and Industry (VCCI)-Business

> Vietnam's State reserve agencies opened a second tender on May 12, 2020 to buy 182,300 tons of rice for the national reserve, with contractors selected from domestic suppliers only. The article focuses on the pricing rules and supervision of the reserve purchases.

- Date: 2020-05-15 · published 2020-05-15T12:00:00.000Z
- Category: policy · region Vietnam · magnitude low
- Page: https://feedsoft.ai/events/53193-vietnam-business-forum-of-vietnam-chamber-of-commerce-and-industry-vcci-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Government purchases of 182,300 tons remove domestic rice from the market and can firm Vietnamese prices. The impact on world prices is modest relative to global trade volumes.

## Read by commodity

- RICE: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-08-28 | [Central govt's restrictions on rice exports puts wheat and sugar in focus \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/34529-central-govt-s-restrictions-on-rice-exports-puts-wheat-and-sugar-in-focus.md) | +6.2% | +1.1% |
| RICE | 2025-05-01 | [India slaps 20% export duty on parboiled, milled rice for food safety \| India News - Business Standard](https://feedsoft.ai/events/24624-india-slaps-20-export-duty-on-parboiled-milled-rice-for-food-safety-india-news.md) | -1.8% | +3.2% |
| RICE | 2024-01-24 | [Why Indian traders prefer to buy rice from open market rather from FCI - The HinduBusinessLine](https://feedsoft.ai/events/32204-why-indian-traders-prefer-to-buy-rice-from-open-market-rather-from-fci-the.md) | +4.2% | +4.6% |
| RICE | 2021-10-07 | [Contact Us – Inside INdiana Business - India's rice export ban: The Asian countries set to be hit hard — and those that’ll profit](https://feedsoft.ai/events/44508-contact-us-inside-indiana-business-india-s-rice-export-ban-the-asian-countries.md) | +1.4% | -4.4% |
| RICE | 2024-02-08 | [India is considering to extend parboiled rice tax in risk to world supply \| The Business Standard](https://feedsoft.ai/events/31610-india-is-considering-to-extend-parboiled-rice-tax-in-risk-to-world-supply-the.md) | +0.7% | -5.7% |

## Sources

- vccinews.com: https://www.vccinews.com/news/40091/re-bidding-reserve-rice-tightened-supervision-and-heightened-sanctions.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.