Strong rice export demand coupled with waning supplies have caused prices to surge in the market since the beginning of 2023.

VOV.VN - Vietnam is anticipated to rake in roughly US$3.5 billion from exporting more than seven million tonnes of rice this year, according to industry insiders.

Vietnam is working towards the target of exporting 7 million tonnes of rice this year, heard a forum held by the Ministry of Agriculture and Rural Development (MARD) on November 19.

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.

VOV.VN - There remains bright prospects ahead for Vietnamese rice exports in the EU amid European partners continuing to place orders of up to 400,000 tonnes of rice from local exporters.

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.

Vietnam has become one of the leading rice producing and exporting countries in the world. However, this item is usually imported raw, then distributed under the brand of the importers.

VOV.VN - Vietnam’s rice exports to the United States during the opening five months of the year surged by 71.3% in volume, marking the highest rise among importers of Vietnamese rice.

Loc Troi Group JSC exported nearly 500 tonnes of rice labelled with its own brand name “Com Vietnam Rice” to the EU markets in June.

VOV.VN - Vietnam’s rice exports during the initial four months of the year has rebounded impressively with the export value exceeding US$1 billion, according to the Ministry of Agriculture and Rural Development (MARD).