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.

Vu Ngoc Vuong from Nam Truc district of Nam Dinh province is famous for running a chain of ’pho’ (rice noodle soup with beef or chicken) restaurants in Hanoi, selling around two to three thousand bowls daily.

The EU - Vietnam Free Trade Agreement (EVFTA) has opened up unprecedentedly big opportunities for Vietnamese rice export. Thanks to preferential tariffs, the shipments of fragrant and high-quality rice to the EU have reaped encouraging results.

VOV.VN - The Ministry of Industry and Trade is collaborating with relevant ministries, agencies and localities to complete a draft decree on rice export and trading in the third quarter of this year to meet local and global market demands.

VOV.VN - The terraced fields of Mu Cang Chai district in the northern mountainous province of Yen Bai serve as great inspiration for local photographers, whilst also winning the hearts of many foreigners.

Vietnam remained the biggest rice provider of the Philippines in the first five months of this year with turnover of US$772.4 million, surging 31.1% year-on-year.

The export turnover of agro-forestry-aquatic products in the third quarter of 2023 is expected to be equivalent to the figure in the same period last year, and is likely to see positive growth in the fourth quarter, said Deputy Minister of Agriculture and Rural Development Phung Duc Tien.