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.

VOV.VN - Vietnam shipped 1.44 million tonnes of rice to the Philippines between January 1 and May 23, accounting for 72.9% of the latter’s total rice imports and making Vietnam the largest rice exporter to the island state, according to the Vietnam Trade Office in the Philippines.

Indonesia hopes for further cooperation with the Mekong Delta city of Can Tho in rice exports and technology in the agricultural sector to increase rice supply in the Southeast Asian region, Indonesian Minister of Agriculture Andi Amran Sulaiman told Secretary of the municipal Party Committee Nguyen Van Hieu in Can Tho on May 20.

VOV.VN - Vietnam exported nearly 46,000 tonnes of rice to the EU market worth US$41.4 million during the first quarter of the year, representing an increase of nearly 118% against the same period from last year, according to statistics released by the General Department of Vietnam Customs.

VOV.VN - Vietnam is expected to produce 43 million tonnes of rice this year, of which more than 8 million tonnes will be for export, according to the Ministry of Agriculture and Rural Development.