November 06, 2023 | 14:01 (GMT+7)
Ministry works to ensure rice export
The Ministry of Industry and Trade (MoIT) is close monitoring rice production and the world rice market with a view to promptly tackling arising problems and facilitating rice production, business and export.
Statistics showed that as of the end of October, Vietnam exported 7.1 million tons of rice for about 3.97 billion USD, a rise of 17% in volume and 34.9% in value over 2022. Vietnamese export rice price increased 15.3% year-on-year.
In the first nine months of 2023, Asia was the largest market of Vietnam, consuming 76% of the country’s total rice export volume. It was followed by Australia with 2.41%, Europe 1.6% and America 1.5%.
Particularly, the Philippines continued to be the biggest importer of Vietnam's rice with nearly 2.5 million tons, accounting for 38.1% of Vietnam's total rice export volume.
According to the MoIT, Vietnam has been keeping to the right direction on rice export structure and quality as outlined by the rice export market development strategy until 2030, with white rice accounting for the largest share (55.5% or 3.56 million tons), followed by fragrant rice (24% or 1.5 million tons) and sticky rice (8.5% or 545,000 tons).
Source: VNA