VOV.VN - Vietnam has been advised to take drastic measures to balance rice exports and reserves in a bid to ensure food security amid global food chain fluctuations, according to insiders.

VOV.VN - Vietnam's rice exports are forecast to hit roughly 7.2 million tonnes, therefore bringing home more than US$4 billion this year, according to figures released by the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - Vietnam’s rice export prices have continuously set new records over recent times and exceeded the US$550 per tonne mark following India's official ban placed on rice exports.

VOV.VN - The northwestern province of Dien Bien has become a favourite destination among many Vietnamese tourists and foreign backpackers as the area keeps the epic memories of the Battle of Dien Bien Phu alive.

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.

Although the export of goods has faced many difficulties, there have been encouraging signals in the past two months as enterprises and state management agencies have been actively implementing solutions to regain export momentum.

The rising demands for rice in international markets and higher prices are benefiting rice exporters as the number of orders has increased sharply.

In a recently published report, HSBC Vietnam posits that the recurring El Niño, after an absence of three years, could heighten the threat of droughts, water scarcities, and potential disruptions in trade across the ASEAN region.

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.

Although Vietnamese rice has been exported to 150 countries and territories, markets for the product are mainly Asian countries and thus need to be diversified, according to experts.