Vietnamplus

Vietnam’s rice export this year is expected to benefit from many favourable conditions, including high global demand, to reach 7 million tonnes, according to the Cong Thuong (Industry & Trade) newspaper.

Vietnam’s rice sector is expected to hit big from exports this year, heard a conference held by the Ministry of Industry and Trade (MoIT) in Ho Chi Minh City on February 21.

The export prices of Vietnamese rice are standing at the highest levels in the world, according to the Vietnam Food Association.

The southern region should prioritise rice varieties with high quality and yields for export in the upcoming winter-spring rice, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh has said.

Vietnam’s rice export is likely to surpass the target set for this year, said Chairman of the Vietnam Food Association Nguyen Ngoc Nam.

Vietnam is expanding the export of its high-quality rice with the aim to increase the export value and improve farmers’ income.

Vietnam's rice exports to the European Union continued to grow in the first quarter of 2022, thanks to the EU -Vietnam Free Trade Agreement (EVFTA), according to the Ministry of Industry and Trade (MoIT).

With stable and high demand for specialty rice from Asia, the European Union (EU) remains a highly potential market for rice exporters of Vietnam, the Dau tu (Vietnam Investment Review) reported.

The loosening of social distancing measures and increasing global demand have opened up great opportunities for Vietnamese rice exporters, according to experts.

The Ministry of Industry and Trade (MoIT) has proposed a “green lane” be quickly opened for waterway transport to ensure smooth trading of rice.

In order to take advantage of FTAs ​​and increase the Vietnamese rice export market share at more competitive prices, the Ministry of Industry and Trade will continue to coordinate with ministries, branches and the Vietnam Food Association to help businesses effectively implement the deals and make the most of markets such as the Republic of Korea and the EU.

Though the prices of Vietnamese 5-percent broken white rice fell 20 USD per tonne in a week, most local rice exporters said the decline would make sales easier.

Vietnam earned over 3 billion USD from exporting rice in 2020, according to the Vietnam Food Association (VFA), a year-on-year increase of more than 10 percent.

Vietnam’s rice exports have expanded during the pandemic to surpass rival Thailand in price for the first time in three decades, leading experts to suggest the sector should consolidate its position.

The Vietnam Food Association (VFA) has petitioned authorities to prioritise customs clearance of consignments of rice exports stuck at ports.

The Ministry of Industry and Trade (MoIT) has proposed resuming rice exports from April, with a volume of 400,000 tonnes, after it has compiled reports on production, domestic consumption and exports to submit to the Prime Minister.

The Ministry of Industry and Trade (MoIT) has asked the Prime Minister to allow the verification of statistics and rice exporters’ inventory so as to have appropriate directions for the time ahead.

Rice is one of the rare commodities that is not being seriously affected by the COVID-19 pandemic, with both export volume and value increasing in the first two months of 2020.

Vietnam exported 560,000 tonnes of rice in January 2020, earning 270.3 million USD, an increase of 12 percent in volume and 39 percent in value month-on-month, according to the General Department of Customs.

Thirty importers from Hong Kong (China) said they want to enhance rice trade with Vietnamese partners while attending a seminar held in the Mekong Delta city of Can Tho on November 5.