Business

Positive signals for rice exports in 2023

Vietnam exported nearly 7.2 million tonnes of rice worth 3.49 billion USD last year, including many shipments navigating demanding markets such as Japan and the European Union (EU).
Positive signals for rice exports in 2023 ảnh 1Vietnam exported nearly 7.2 million tonnes of rice worth 3.49 billion USD last year. (Photo: VNA)
  Hanoi (VNA) – Vietnam exported nearly7.2 million tonnes of rice worth 3.49 billion USD last year, including manyshipments navigating demanding markets such as Japan and the European Union (EU).


Minister of Agriculture andRural Development Le Minh Hoan said the sales signaled that Vietnamese ricehas gained better quality, from choosing varieties for cultivation and standardisationto meet requirements of each market.

Aware of the need to buildlong-term business strategies, major rice exporters such as Trung An Hi-tech Farming JSC and Loc TroiGroup have teamed up with farmers and cooperatives in material zones to generatestable and quality rice supply.

Positive signals for rice exports in 2023 ảnh 2Illustrative image (Source: VNA)

Vice Chairman of the Vietnam Food AssociationDo Ha Nam said thanks to jasmine and high-quality rice, Vietnam won a number ofmarkets and recorded fast growth in demanding markets such as the US and the EU.

Many firms already received orders until Aprilor even the third quarter of this year.

The VFA forecast that domestic rice exporters have a distinct advantage this year thanksto high rice prices and huge demand from China, the Philippines and Africa.

The Philippines, the biggest importer ofVietnamese rice, has decided to maintain import tax of 35% this year.

Meanwhile, the second Vietnamese riceimporter  - China - will lift its zero-COVID policy and reopen its borders with Vietnam,Nam said./.

VNA
#Minister of Agriculture and Rural Development Le Minh Hoan #Vietnamplus #Vietnam News Agency #Vietnamese rice #Loc Troi Group #Trung An Hi-tech Farming JSC Vietnam
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