Vietnam will develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure under a strategy recently approved by the Prime Minister.

VOV.VN - Vietnam earned US$2.02 billion from shipping 3.9 million tonnes of rice abroad in the first five months of the year, marking year-on-year increases of 49% in value and 40.8% in volume, respectively.

Deputy Prime Minister Le Minh Khai has just signed a decision approving the Strategy on Development of Vietnam's Rice Export Markets until 2030, which aims to develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure.

VOV.VN - Vietnamese rice has seen a number of advantages of export markets as both orders and selling prices have increased sharply, according to industry insiders.

VOV.VN - After enduring a period of stagnation, China is purchasing additional rice from the Vietnamese market, with several local enterprises continuously negotiating new export contracts, according to industry insiders.

Rice exports in April 2023 were estimated at 1.1 million tonnes with a value of US$573.9 million, the Ministry of Agriculture and Rural Development reported.

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.