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.

The export prices of Vietnamese rice in the first two months of 2023 rose by 9.8% year-on-year to US$528.5/tonne, according to the Ministry of Agriculture and Rural Development (MARD).

Vietnam’s rice export this year is expected to benefit from many favourable conditions, including high global demand, to reach 7 million tonnes, according to the Cong Thuong (Industry & Trade) newspaper.

Vietnam’s rice sector is expected to hit big from exports this year, heard a conference held by the Ministry of Industry and Trade (MoIT) in Ho Chi Minh City on February 21.

Vietnam’s rice export is forecast to continue reaping successes this year as the world's rice prices remain high at least in the short term as global economic and political uncertainties have resulted in a high demand for rice reserves, according to experts.

VOV.VN - Vietnamese rice exports are forecast to see major breakthroughs this year thanks to high export price recorded in 2022 coupled with China's reopening.