Vietnam’s rice export price grew 9.2% year on year to 532 USD per tonne in the first quarter of 2023, raising the export value of 1.79 million tonnes exported during the period by 30.2% to 952 million USD, according to the General Department of Vietnam Customs.
Domestic tuna exporters are targeting promising small markets to get out of current difficulties amid economic fluctuations in big importing countries.
Introduced to Vietnam in the mid-nineteenth century, coffee has become one of the country’s main industrial crops. Vietnam is now the world’s largest producer of Robusta and second largest coffee exporter. Last year, its earnings from overseas shipments of the products hit a record high of about 4 billion USD, up 32% annually.
Given the decline of many traditional raw export markets, agro businesses have been actively promoting technology transfer and application in production, focusing on deep processing to diversify export markets.
Vietnam has issued a national action plan on building a transparent, responsible and sustainable food and food stuff system to 2030, with a goal of maintaining the export turnover of over 30 billion USD each year.