Vietnamese enterprises should seize the opportunities to increase rice exports to Indonesia which has allocated an additional rice import quota of 1.6 million tonnes for 2024 as dryness linked to the El Nino delayed harvest in the country, according to the Vietnam Trade Office in Indonesia.

The Ministry of Trade and Industry's Import-Export Department urged rice exporters to ensure price stabilisation and food security in the domestic market after India restricted rice exports which is forecast to have a significant impact on the global rice market.

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.

Surmounting difficulties to boost economic recovery, Vietnam is expected to post a foreign trade record of US$780 billion in 2022.

VOV.VN -Philippine newspaper Philstar recently published an article explaining why the Philippines remains the biggest importer of Vietnamese rice.

VOV.VN - Bangladesh needs to import rice to meet its local demand, with Vietnam emerging as a potential supplier, Bangladeshi Minister of Food Sadhan Chandra Majumder said during a recent working session with the leadership of the Vietnam Southern Food Corporation (VINAFOOD II).

VOV.VN - Vietnam imported 999,750 tonnes of rice last year, a figure that is likely to create competition with domestic products and impact the lives of local producers, as well as food security in general, according to industry insiders.

The Philippines is the top importer of Vietnamese rice during January – September this year, accounting for 43.9% of the country’s total export of the grain, according to the Ministry of Agriculture and Rural Development (MARD).

About 6.07 million tonnes of rice worth US$2.94 billion was exported in the first 10 months of 2022, up 17.2% in volume and 7.4% in value year on year, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - The first seven months of 2022 saw Vietnam export nearly 4.2 million tons of rice, up more than 20% over the same period last year, in which the US market increased the most with more than 65%.