Wide door for Vietnamese rice export

Update: 18:15 | 22/05/2018
With improved product quality and consecutive win of export contracts, doors are wide open for Vietnamese rice.  
TIN LIÊN QUAN
wide door for vietnamese rice export Vietnamese farm produce promoted in Japan
wide door for vietnamese rice export Belgian potato exporters seek opportunities in Vietnam

According to the General Department of Vietnam Customs, rice export grew 23.8 percent in volume to over 2.2 million tonnes, earning 1.11 billion USD, up 39.7 percent in value in the first four months of this year, a high figure over the past five years.

wide door for vietnamese rice export
Illustrative image (Photo: thanhnien.vn)

It was partly attributable to Vietnam’s winning of rice export contracts, including 141,000 tonnes in January and 300,000 tonnes in April to Indonesia, which will be delivered from May – July.

In early May, Vietnam won another contract of shipping 130,000 tonnes of rice to the Philippines.

Apart from traditional markets, new markets such as Bangladesh, Turkey and Iraq also posted Vietnamese rice import growth, increasing from 11to 91 times in volume and from 16 to 61 times in value.

During May, a number of export contracts from the private sector are expected to be signed with hundreds of thousands of tonnes in volume. They also seek opportunities in markets signing free trade deals with Vietnam such as the Republic of Korea and Australia, said the Vietnam Food Association (VFA).

Compared to 2017, Vietnam’s rice export prices moved up nearly 15 percent to over 500 USD per tonne.

The Ministry of Industry and Trade said demand for high-quality products such as glutinous rice, japonica and broken rice is rising. Last year, low and medium-quality white rice export only accounted for 3.88 percent and 8.24 percent of the total.

The VFA suggested the government, ministries and agencies diversify markets to facilitate rice export, which should be responsibility of not only the Ministry of Industry and Trade but the Ministry of Agriculture and Rural Development also.

wide door for vietnamese rice export Vietnam wins contract to supply 130,000 tonnes of rice to the Philippines

Vietnam has won a bid to supply 130,000 tonnes of rice to the Philippines, announced the Philippines' National Food Authority (NFA).

wide door for vietnamese rice export Vietnam rice exports notch volatile in Q1

Vietnam’s rice exports faced an unpredictable first quarter this year, increasing in January, declining in February and recovering in March, according to the Ministry of ...

wide door for vietnamese rice export Philippines to import 250,000 tonnes of rice from Vietnam or Thailand

The Philippines is considering an emergency purchase of up to 250,000 tonnes of rice from Vietnam or Thailand to ensure enough rice for domestic consumption ...

(Source: VNA)