In order to take advantage of FTAs ​​and increase the Vietnamese rice export market share at more competitive prices, the Ministry of Industry and Trade will continue to coordinate with ministries, branches and the Vietnam Food Association to help businesses effectively implement the deals and make the most of markets such as the RoK and the EU.

VOV.VN - The price of Vietnamese 5% broken rice has dropped to between US$485 to US$495 per tonne over the past week, marking its lowest level since December 10 last year, according to figures released by the Ministry of Industry and Trade.

VOV.VN - Vietnam’s rice exports recorded a sharp increase in the first half of March in comparison to the previous period from last year, with Thailand emerging as a key market, according to the Ministry of Industry and Trade (MoIT).

Though the prices of Vietnamese 5% broken white rice fell US$20 per tonne in a week, most local rice exporters said the decline would make sales easier.

VOV.VN - Vietnam’s rice export prices hit a more than nine-year high this week as fresh orders trickled in, according to Business Recorder, a financial daily in Pakistan.

Vietnam exported 638,000 tonnes of rice worth US$352 million in the first two months of 2021, down 31.4% in volume and 18.3% in value year-on-year.

Increasing global demand, stable domestic production, and better rice quality count among the reasons Vietnam can be confident its rice exports will prosper again in 2021 and surpass the 3.1 billion USD in revenue posted in 2020, despite a significant decline in the first two months of this year.

This year’s rice exports will not only sustain the value growth seen in 2020 but also increase in volume, a leader from major rice exporter - the Trung An Hi-tech Farming JSC - has said.

VOV.VN - The nation’s rice export price in January stood at US$551.7 per tonne, representing a year-on-year rise of 15.4%, according to the General Department of Vietnam Customs.

High hopes are pinned on Vietnam’s rice exports in 2021 when major export markets such as the Philippines and Africa continue to sign contracts to buy rice from Vietnam, while many others have great demand for fragrant rice and sticky rice – which are advantageous staples of Vietnamese enterprises.