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The March results reflected improvements in rice exports and raised hopes of new opportunities to revitalize this key export sector.
Vietnam has set a rice export target of around 5.7 million tons. To meet the target, the country will have to export 1.74 million tons of rice
Officials from provinces and cities in the Mekong Delta – the country’s rice granary - and rice exporters have urged the government to resume rice exports
Thailand’s plan to sell all its rice reserves of about eight million tonnes this year has sparked concerns that this move will undermine Viet Nam’s rice exports
There are some positive signs for rice exports after a period of lull, the Việt Nam Food Association has said.
Diversifying into high-value rice markets could be a boon for Vietnamese rice exporters, experts have suggested.
The Ministry of Industry and Trade has granted 47 certificates of eligibility to rice export businesses over the past year, lifting the number of rice exporters
Encouraging signs for rice exports after a down-period have boosted the Vietnamese rice market.
Many rice exporters were left surprised because the export quota of 400,000 tonnes of rice in April ended quickly in just three hours.
China is now Vietnam’s largest rice importer and the local rice export sector will continue depending on the neighboring market in the coming years.