VOV.VN - With a series of key markets announcing plans to import rice, Vietnamese rice businesses are expected to win big on a rising global demand and rising market prices this year.

The Ministry of Industry and Trade (MoIT) will capitalise on signed free trade agreements (FTAs) to diversify markets, step up trade promotions and shift to exports through official channels with a view to gaining US$377 billion in export revenue this year.

VOV.VN - Despite enjoying bright export prospects ahead, Vietnamese businesses are required to improve product quality in order to penetrate deep into the Australian market, according to insiders.

In line with the 2024 plan, Indonesia was reportedly set to import approximately three million tonnes of rice, nearly matching the Philippines' planned import of Vietnamese rice, which will make Indonesia one of the world's largest rice importers and a key customer for the Vietnamese rice industry.

VOV.VN - Vietnam shipped nearly 104,000 tonnes of rice to the EU market worth US$71.7 million last year, exceeding the quota of 80,000 tonnes per year under the EU-Vietnam Free Trade Agreement (EVFTA), according to figures data by the General Department of Vietnam Customs.

There is great potential for Vietnam to increase its agricultural, forestry, and aquatic exports to the US, particularly when the quality and competitiveness of its products are improved.

Enterprises exporting to Saudi Arabia must be aware that the Saudi Food and Drug Authority (SFDA) only accepts Halal certification from the list of their verified and recognised bodies, the Import-Export Department under the Ministry of Industry and Trade has warned.

Vietnam expects its agricultural export value to China to increase sharply this year, as China agreed to review regulations permitting official exports of poultry meat from Vietnam to this market.

VOV.VN - January alone witnessed agro-forestry-aquatic products rake in US$5.14 billion from exports, marking an annual rise of 79.2%, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - Vietnam is the second largest exporter of footwear in the world, with its estimated export volume accounting for 10% of the world’s market share.