Vietnam is expected to maintain a trade surplus for the ninth consecutive year in 2024, given its export growth in the remainders of the year equal to that during January-July, according to experts.

VOV.VN - Vietnamese businesses exported 5.18 million tonnes of rice during the first seven months of the year, earning US$3.27 billion, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - The United States, China, and Japan continued to make up the three largest importers of Vietnamese agro-forestry-fishery products in the first seven months of the year, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - The first half of the year witnessed Vietnam remain as the largest rice exporter to Singapore, accounting for 32.69% of the overall market share.

Rice exports could bring in a record turnover of US$5 billion this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter.

Vietnam has many opportunities to promote rice exports in the second half of this year, even though India could change its rice export policy in the next few months, according to the Ministry of Industry and Trade (MoIT).

VOV.VN - Vietnamese rice export prices have soared considerably in recent times thanks to high demand for import globally.

Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning US$2.98 billion, according to the Ministry of Agriculture and Rural Development.

The reduction of the rice import tax by the Philippines will create more advantages and increase opportunities for Vietnamese rice to enter the market later this year, insiders said.

Vietnamese businesses should continue to invest in deep processing to effectively penetrate Asian and African markets amid the rising trend to use deeply processed products in these outlets, the Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT) has said.