Vietnam aims to boost rice export to ASEAN

Updated: 11:05, 05/05/2022

The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT) will coordinate with Vietnam’s trade offices in member countries of the Association of Southeast Asian Nations (ASEAN) to organise a consulting session on rice exports.

•Rice exports estimated at 715 million USD in Q1

•Vietnam’s rice export turnover up 10.5 percent in Q1

Vietnam’s Commercial Counselors in Indonesia and Laos, and officials in charge of commercial affairs in Malaysia, Singapore and Thailand, will inform about the host markets for Vietnamese rice exports.

Rice is packaged at a factory in Vietnam.

Last year, the Philippines was Vietnam’s biggest rice buyer, importing 2.45 million tonnes worth over 1.25 billion USD.

In the first quarter of this year, the Philippines maintained its top position, making up 44.7 percent and 42.6 percent of Vietnam’s total rice export volume and value, respectively.

Apart from the Philippines, Vietnamese rice has also been exported to other major markets in the region like Malaysia, Singapore, Indonesia and Brunei.

Vietnam’s rice exports to Malaysia in January rose 163.4 percent and 156 percent in volume and value compared with the previous month, and 104 percent and 67.5 percent year-on-year, respectively.

The ministry held that to improve export efficiency, the sector should review rice demand in each ASEAN market, saying Vietnam should pay more attention to trade policies with regional countries, maximise advantages brought about free trade agreements between ASEAN and partners worldwide, and further improve its technological capacity to raise the competitiveness of goods.

Vietnamese firms win bids for rice exports

Vietnamese firms continue to win bids for rice exports to the EU and the Republic of Korea (ROK) since the beginning of the year.

Vietnam earns US$362 million from rice exports in April

The volume of rice exported last month is estimated at 700,000 tonnes with a value of US$362 million.

Vietnam would continue to be world’s second largest rice exporter: US department

The US Department of Agriculture (USDA) has forecast that Vietnam would maintain its position as the world’s second biggest rice exporter this year.

Rice export turnover up 10% in 2020

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