VOV.VN - By November 15, Vietnam’s rice exports had reached 8.05 million tonnes with a value of US$5.05 billion, according to statistics from the General Department of Customs.

Although Vietnam’s rice exports have traditionally focused on Asian markets, experts have advised businesses to pay more attention to Africa which has emerged as a key potential market.

VOV.VN - In 2024, Vietnam is expected to set a new record for rice exports, with forecasts indicating over 8 million tonnes would be exported and total export revenue would potentially surpass US$5 billion.

No Vietnamese rice is named in the list of the grain seized by Swedish authorities on suspicion of quality fraud, according to the Vietnam Trade Office in the European country.

Improving the rice quality, diversifying markets, and building a recognisable and trustworthy brand identity for Vietnamese rice are among measures for Vietnam to boost its rice exports, said Secretary of All India Spices Importers Federation (AISIF) Hiren Gandhi.

VOV.VN - Tan Long Group Joint Stock Company (Tan Long Group), in collaboration with Japan’s Kiraboshi Bank, hosted a ceremony in Tokyo on October 9 to launch the A An rice, the second Vietnamese rice brand in the Japanese market.

VOV.VN - As many as 163 Vietnamese businesses have been certified to meet the conditions for rice export, according to an update from the Import-Export Department under the Ministry of Industry and Trade.

Despite the country’s status as one of the world’s leading rice exporters, Vietnam is expected to spend nearly US$1 billion on rice imports for processing this year.

Indonesia has announced a record rice tender for September, seeking to acquire up to 450,000 tonnes from international suppliers.

Vietnam’s rice exports are expected to reach a record turnover of about US$5 billion this year, as high demand from many large and traditional markets, such as the Philippines and Indonesia, continues.