On July 11, Nguoi Lao Dong newspaper had a conversation with Mr. Truong Sy Ba, Chairman of Tan Long Group, who revealed that a recent issue involved the National Logistics Agency – Bulog (the agency in charge of government international rice procurement) and Indonesia’s National Food Agency. A civil organization filed a complaint with the National Anti-Corruption Commission – KPU, alleging that they inflated the price of rice imported from Vietnam.
The Vietnam Trade Office in Indonesia expressed concern about potential disadvantages for Vietnamese rice exports to the Indonesian market.
Mr. Ba mentioned that they quoted Tan Long’s price as 538 USD/ton. The Chairman of Tan Long firmly stated that he did not officially offer this price to Indonesia but only when the Indonesian Minister of Agriculture visited Vietnam and came to the corporation to chat.
Mr. Long shared: “During this conversation, the Minister asked us about the FOB price (free on board, meaning the price at the seller’s border) of exporting rice to Indonesia at that time, and we calculated and informed him that it was 538 USD/ton.”
According to the Chairman of Tan Long, the market mechanism is transparent and open. It’s a free market, so he would answer anyone who asks about the price, not just the Indonesian Minister.
Notably, the Chairman of Tan Long asserted that their group has no connection to Bulog.
From 2023 up to now, Tan Long has won only one lot of 30,000 tons of rice exported to Indonesia through Posco (Korea) at a price of 620 USD/ton and has not won any lots directly from Bulog.
On July 8, the Vietnam Trade Office in Indonesia issued a warning about potential disadvantages for Vietnamese rice exports to the Indonesian market due to the National Logistics Agency – Bulog and the National Food Agency being sued by a civil organization, People’s Democracy Study (SDR), accusing them of price gouging in rice procurement.
The Vietnam Trade Office in Indonesia acknowledged that this could negatively impact Indonesia’s rice and paddy purchases from Vietnam from now until the end of 2024 or until the case is investigated and clarified.
Following this incident, the Vietnam Trade Office in Indonesia advised Vietnamese rice export enterprises to be cautious in their transactions, speeches, and fair competition to avoid affecting Vietnam’s rice exports.
According to statistics from the General Department of Customs, Indonesia was the second-largest export market for Vietnamese rice in the first five months of 2024, accounting for nearly 17% of the total volume and value of the country’s rice exports.
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