Vietnamese rice is sold at a supermarket in Europe. (Photo: angiang.gov.vn)
Hanoi (VNA)🌼 – The Ministry ofIndustry and Trade has announced the list of 210 businesses that are eligible to exportrice.
Ho Chi Minh City is the locality with the largest number, 47. According to the ministry, in the firstseven months of this year, Vietnam exported 4.83 million tonnes of rice. Thecountry plans to export about 2.67 million tonnes in the remaining five monthsof the year. Meanwhile, the prices of exported rice havebeen increasing. According to the Vietnam Food Association (VFA), the country offered the prices of 628-632 USD per tonne of 5% broken rice on August 17, an increaseof 5 USD per tonne from the previous day. The price of 25% broken rice also increasedfrom 603-607 USD per tonne to 608-612 USD per tonne. On August 17, Vietnam's 5% broken rice and25% broken rice was 15 USD and 47 USD per tonne higher than Thailand's, respectively. To create the best conditionsfor rice export activities, the ministry is urgentlyseeking opinions to amend and supplement the Government’s decree on the rice exporting business. It also issued another dated August 15, 2023, on strengthening market information, promotingtrade, developing rice exporting markets, and stabilising the domestic market. Units, local departments of Industry and Trade, the Vietnam Food Association, and traders were asked to implementsolutions, especially following moves of major rice-producing andrice-exporting countries to effectively adjust production and export./.
Vietnam now has a great opportunity to expand its rice market share in the UK after India, the biggest supplier of the grain to this market, banned the export, said Trade Counsellor Nguyen Canh Cuong at the Vietnamese Trade Office in the UK.
The Ministry of Industry and Trade (MIT) on August 15 issued a directive on developing rice export markets and stabilising the domestic market amidst unpredictable changes in the global rice market to implement the Prime Minister's instruction on promoting rice production and sustainable export, ensuring national food security.
The Ministry of Industry and Trade (MoIT) is building a long-term strategy on rice export and market stabilisation, following bans by several countries, according to Deputy Director of the MoIT's Import-Export Department Tran Quoc Toan.
Greater demand in the international market has resulted in higher rice prices in the domestic market in recent months, according to Minister of Agriculture and Rural Development Le Minh Hoan.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
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Vietnamese rice is sold at a supermarket in Europe. (Photo: angiang.gov.vn) 
