Vietnam’s rice exports reach 2.1 billion USD
Vietnam’s rice exports reached approximately 4.6 million tonnes, worth 2.1 billion USD, in the first seven months of this year, according to the Vietnam Food Association (VFA).
Vietnam’s rice exports reached approximately 4.6 million tonnes, worth 2.1 billion USD, in the first seven months of this year, according to the Vietnam Food Association (VFA).
VFA Chairman Truong Thanh Phong said that despite difficulties, Vietnam is likely to achieve its yearly target of exporting 7 million tonnes of rice if the country focuses on tapping its strength and firmly retains its existing markets.
Additionally, the country should boost its export of high-quality products, Phong said, adding that currently, China is importing 100 percent of its high-quality and fragrant rice.
The VFA recommended that Vietnam should export about 20 to 25 percent of its rice of lower-quality as this product fails to compete with low-priced rice from India and Myanmar.-VNA
VFA Chairman Truong Thanh Phong said that despite difficulties, Vietnam is likely to achieve its yearly target of exporting 7 million tonnes of rice if the country focuses on tapping its strength and firmly retains its existing markets.
Additionally, the country should boost its export of high-quality products, Phong said, adding that currently, China is importing 100 percent of its high-quality and fragrant rice.
The VFA recommended that Vietnam should export about 20 to 25 percent of its rice of lower-quality as this product fails to compete with low-priced rice from India and Myanmar.-VNA
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