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Vol 3 (AAC) No 1

Published 1st November 2009

The rice run-around

A US$2 million deal by a major Vietnamese rice exporter points to the corruption found on both side of the Africa-Asia commodities trade. Unlike Thailand, where the private sector controls much of the rice business, in Vietnam, state bodies control the key sectors of the trading chain under the guise of privatisation. The Vietnam Food Association was given the responsibility of setting export prices before Vietnam joined the World Trade Organisation in 2007, but it is controlled by the boss of Vietnam Southern Food Corporation (Vinafood 2), Vietnam’s state-owned commodity marketer.

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