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 Mekong Delta plans an additional 450,000ha under fruit and seafood production by 2030 as part of the Ministry of Agriculture and Rural Development’s effort to shift the region’s farming model toward more sustainable agriculture practices.
Vietnam exported 3.9 million tonnes of rice, earning 1.9 billion USD, in the first seven months of this year, according to the Department of Agro Processing and Market Development under the Ministry of Agriculture and Rural Development.
Vietnam is likely to reach its rice export target of 6.7 million tonnes this year thanks to favourable market conditions and high global demand, according to the Ministry of Agriculture and Rural Development.
The National Rice Policy Committee, chaired by Prime Minister Prayut Chan-o-cha, has approved a rice price guarantee scheme for the 2020-2021 crop, offering guaranteed prices at the same rates as during the previous season.
Rice quotas for Vietnam under the EVFTA are expected to push Vietnam’s rice exports up from the second half of this year, according to the Ministry of Industry and Trade (MoIT).
Vietnam earned 1.71 billion USD from exporting nearly 3.5 million tonnes of rice in the first half of this year, up 17.9 percent in value and 4.4 percent in volume year-on-year.
Cambodia earned over 264 million USD from exporting 397,660 tonnes of rice in the first half of 2020, up 41 percent against the same period in 2019, according to the Cambodia Rice Federation (CRF).
Higher rice supply in the domestic market has made the export price of Vietnam’s broken rice drop to 450 USD per tonne on June 19, the lowest level in the past two months.
Vietnam witnessed a sudden rise in the export of rice and medical masks during the first five months of the year, according to statistics released by the General Department of Vietnam Customs.
National Assembly deputies continued discussing a report on supplementary assessment of the implementation of the legislature’s resolution on socio-economic development and State budget plans for 2019, as well as socio-economic performance in early 2020, during a plenary session on June 15.
Vietnam has seen strong growth in rice exports in the first five months of this year, shipping nearly 2.9 million tonnes abroad for 1.41 billion USD, up 5.1 percent and 18.9 percent, respectively, year-on-year.
The Cambodian Ministry of Commerce and relevant agencies have reviewed a study on rice export cost in a bid to enhance the competitiveness of the country’s rice export.
A teleconference, themed “Vietnam-India: Promoting trade in farm produce and processed food”, was held on May 7 to discuss business potentials during and after the COVID-19 pandemic.
Vietnamese Ambassador to the US Ha Kim Ngoc and diplomats of other ASEAN countries recently took part in the first teleconference of the ASEAN Committee in Washington DC (ACW).
Prime Minister Nguyen Xuan Phuc on April 28 agreed with the Ministry of Industry and Trade’s proposal to resume rice export from May 1, in accordance with Decree 107/2018/ND-CP on rice export business.
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