Trung An High-tech Farming JSC based in the Mekong Delta city of Can Tho is completing the packaging of the first batch of rice to the EU, which will enjoy zero percent tax.
The golden time for Vietnam to promote its rice brand will come once the country is able to promptly expand production of ST25 rice in line with a safe process, according to rice exporters.
VOV.VN - With Vietnam successfully bringing the novel coronavirus (COVID-19) epidemic under control, local firms have begun to receive new export orders whilst others have been striving to seize upon the fresh opportunities to recover, according to insiders.
VOV.VN - Vietnamese ambassador to the US Ha Kim Ngoc has joined ambassadors and diplomats of other ASEAN countries in attending the first online meeting of the ASEAN Committee in Washington DC, the US, discussing COVID-19 prevention and economic recovery.
Prime Minister Nguyen Xuan Phuc on April 28 agreed with the Ministry of Industry and Trade’s proposal to resume rice export from May 1, in accordance with Decree 107/2018/ND-CP on rice export business.
Online customs declaration services will be made available for exports of additional 38,000 tonnes of rice at 0:00 am on April 26, according to the General Department of Vietnam Customs.
Vietnam has shipped more than 68,000 tonnes of rice abroad as of April 21 evening, part of 400,000 tonnes of rice under quotas for this month, the General Department of Customs reported on its website.
An interdisciplinary inspection team led by the Ministry of Industry and Trade has been established to work with agencies to determine how much rice is stuck at ports so that the ministry can come up with an appropriate rice export plan.
The Ministry of Finance (MoF) has suggested suspending exports of low-grade rice until June 15 to ensure purchase for the national reserves.
The Ministry of Industry and Trade (MoIT) has proposed resuming rice exports from April, with a volume of 400,000 tonnes, after it has compiled reports on production, domestic consumption and exports to submit to the Prime Minister.
Rice is one of the rare commodities that is not being seriously affected by the COVID-19 pandemic, with both export volume and value increasing in the first two months of 2020.
Vietnam exported 560,000 tonnes of rice in January 2020, earning 270.3 million USD, an increase of 12 percent in volume and 39 percent in value month-on-month, according to the General Department of Customs.
The Mekong Delta province of Tien Giang has set a target of earning 3.4 billion USD in export turnover in 2020, a year-on-year rise of 9.8 percent.
Rice producers need to be more creative and increase quality if they want to see export profits rise next year.
Vietnam enjoyed growth in its rice export volume but saw value fall in the first nine months of the year, according to the Ministry of Agriculture and Rural Development (MARD).
Vietnam shipped abroad 586,000 tonnes of rice in September for 251 million USD, pushing the total rice export volume and value in the first nine months of this year to 5.2 million tonnes and 2.24 billion USD, respectively.
Rice export value in 2018 is expected to reach US$3.15 billion, up 19.6% compared to 2017.
Rice is one of Vietnam's major exports and Vietnam has maintained the position as one of the world's top ten biggest rice exporters for many years.
Rice export achieved remarkable results in the first eight months of 2018 relying upon the improved purchasing power of the world market.
Vietnam’s rice export has posted remarkable figures in the first half of 2018, and the sector expects business to get better in the remaining months of the year as the country’s traditional rice markets are increasing import.