Vietnam will develop and diversify rice export markets with a reasonable, stable, and effective scale, market and product structure under a strategy recently approved by the Prime Minister.

VOV.VN - Vietnam earned US$2.02 billion from shipping 3.9 million tonnes of rice abroad in the first five months of the year, marking year-on-year increases of 49% in value and 40.8% in volume, respectively.

VOV.VN - Vietnamese rice has seen a number of advantages of export markets as both orders and selling prices have increased sharply, according to industry insiders.

VOV.VN - Vietnamese rice exports during the first quarter of the year witnessed robust growth in both traditional and potential markets, with the number of rice export orders and price rising sharply, heard a meeting held on April 26 in Ho Chi Minh City.

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

A conference was held in Hong Kong (China) on April 19 to tighten relations between rice businesses from Vietnam and Hong Kong as well as to promote Vietnamese high-quality rice in the market.

The Philippines spent more than US$450 million importing some 900,000 tonnes of Vietnamese rice in the first quarter of this year, and more orders are expected to be placed in the time ahead.

VOV.VN - The average export price of Vietnamese rice rose to US$473 per tonne this year, the highest compared to those of other major rice exporting countries in Asia, according to the General Statistics Office (GSO).

Taking full advantage of Vietnam's numerous free trade agreements (FTAs) and rolling out measures to promote trade are keys to boosting the country's export in the future, said the Ministry of Industry and Trade (MoIT).

The Ministry of Industry and Trade said that the parties have also reached an agreement on the next shipments, with the total demand expected to be up to thousands of tonnes of Vietnamese rice to Vanuatu.