VOV.VN - Vietnamese rice exports during the first quarter of the year witnessed robust growth in both traditional and potential markets, with the number of rice export orders and price rising sharply, heard a meeting held on April 26 in Ho Chi Minh City.

VOV.VN - Representatives of major business associations put forward solutions aimed at removing difficulties and increasing exports at a conference held on April 25 in Ho Chi Minh City, Cong Thuong (commerce) newspaper reported.

Strong rice export demand coupled with waning supplies have caused prices to surge in the market since the beginning of 2023.

Trade officials from Vietnam’s northern border province of Lao Cai and Honghe county of the neighbouring Chinese province of Yunnan visited the Mekong Delta province of Long An on April 23, seeking to form partnerships with local agricultural production, processing, and exporting companies.

A conference was held in Hong Kong (China) on April 19 to tighten relations between rice businesses from Vietnam and Hong Kong as well as to promote Vietnamese high-quality rice in the market.

The Philippines spent more than US$450 million importing some 900,000 tonnes of Vietnamese rice in the first quarter of this year, and more orders are expected to be placed in the time ahead.

The Ministry of Industry and Trade said that the parties have also reached an agreement on the next shipments, with the total demand expected to be up to thousands of tonnes of Vietnamese rice to Vanuatu.

The Import-Export Department under the Ministry of Industry and Trade said that as Indonesia was among the major rice import markets of Vietnam, any policies, moves and market developments of Indonesia would partly affect the export of Vietnam into this market.

VOV.VN - The export price of Vietnamese rice in the first quarter of the year recorded an annual rise of 9.2% on average to reach US$531 per tonne, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - Though there is ample room to boost the export of advantageous Vietnamese products to the ASEAN market, local firms are advised to utilise incentives through free trade agreements (FTAs) and improve products’ competitiveness in order to maintain growth to the market.