Vietnam is looking to increase the volume and revenue of rice exports in the remaining months of this year, but a wide range of hindrances are looming on the horizon.

Rice export curbs by some countries like India, Russia and the United Arab Emirates (UAE) will offer opportunities to both Vietnamese exporters and farmers, heard a regular press conference held by the Ministry of Agriculture and Rural Development (MARD) in Hanoi on August 1.

VOV.VN - Vietnam’s rice export value rose by 34.7% year on year in the first six months of this year to reach US$2.3 billion, thanks to its high prices in the world market.

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.

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.

The Vietnamese government has issued an agricultural restructuring policy, by which the rice structure has been strongly adjusted, changing the rice cultivation protocols and paying more attention to improving rice quality rather than increasing production.

VOV.VN - Vietnam offers advantages when its rice is traded in the international market thanks to its high-quality and reasonable prices, according to the Vietnam Food Association (VFA).

The loosening of social distancing measures and increasing global demand have opened up great opportunities for Vietnamese rice exporters, according to experts.

VOV.VN - Vietnam’s export rice prices have increased sharply once again to surpass those from regional peers such as Thailand, India, and Pakistan, according to the Vietnam Food Association (VFA).

Vietnam's rice exports to the Philippines still won a lion share of 87% in the first half of this year.