Rice exports could bring in a record turnover of US$5 billion this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter.

VOV.VN - The World Bank has pledged US$350 million loans to help Vietnam develop one million ha of low-carbon, high quality rice associated with green growth in 12 Mekong Delta localities.

Vietnam has many opportunities to promote rice exports in the second half of this year, even though India could change its rice export policy in the next few months, according to the Ministry of Industry and Trade (MoIT).

The success of the rice sector is the fruit of a concerted effort spanning research, production and trade, with high-quality seeds delivered to farmers' hands, former Minister of Agriculture and Rural Development Cao Duc Phat has assessed.

Agriculture ministers of Vietnam and the Philippines have agreed to establish a rice industry alliance between the two countries and upgrade the trade relationship to an investment partnership in the rice industry.

Although inflation has been controlled in accordance with the set target, state management agencies and enterprises have stayed vigilant and prepare price stabilisation measures in the remaining months of the year.

VOV.VN - Vietnamese rice export prices have soared considerably in recent times thanks to high demand for import globally.

Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning US$2.98 billion, according to the Ministry of Agriculture and Rural Development.

Vietnam will need about US$2.7 billion to implement its project of planting 1 million hectares of high-quality rice from now to 2030, according to an official from the Ministry of Agriculture and Rural Development (MARD).

The reduction of the rice import tax by the Philippines will create more advantages and increase opportunities for Vietnamese rice to enter the market later this year, insiders said.