|Rice is loaded in the container at Trung An High-Tech Agriculture Joint Stock Company (Photo: VNA)
In the first quarter of this year, the Philippines was Vietnam’s biggest rice buyer, accounting for more than 40% of Vietnam’s total rice export. Vietnamese rice was also shipped to Malaysia, Singapore, Indonesia, and Brunei.
As Vietnam focuses on exporting premium products, its rice exports are expected to drop to 4 million tonnes by 2030. The Ministry says that businesses should review rice demand in each ASEAN market, pay more attention to regional trade policies, maximize the advantages created by new free trade agreements, and improve technology to boost the competitiveness of rice exports.