The Vietnamese and Bangladeshi governments signed a memorandum ofunderstanding (MoU) on rice trading in Hanoi on April 18.
The MoU was inked by Vietnamese Minister of Industry and Trade Vu HuyHoang and Bangladeshi Minister of Food and Disaster Management MuhammadAbdur Razzaque.
The MoU is expected to create alegal foundation for the two countries to establish stable rice tradingties and contribute to boosting their strategic partnership in foodprovision, said Minister Hoang.
On that basis,Vietnam will continue to affirm its position as one of the world’sleading rice exporters and raise its active role in ensuring regionaland international food security, he said.
MinisterHoang took the occasion to announce that Vietnam will expand parboiledrice exports to Bangladesh to meet the country’s huge demand.
According to MoIT’s Africa-West Asia-South Asia Markets Department ,Vietnam - Bangladesh trade ties are developing fruitfully, withtwo-way trade reaching 288 million USD in 2010, up 250 percent over2009.
Last year, Vietnam ’s exports to Bangladeshearned more than 253 million USD, a year-on-year increase of over 325percent. The country earned 120 million USD from shipping 350,000tonnes of rice to the market.
Despite being theworld’s fourth largest rice producer, in 2009, Bangladesh had toimport 2-3 million tonnes of food to meet the demands of an increasingpopulation and deal with impacts of natural disasters./.
The MoU was inked by Vietnamese Minister of Industry and Trade Vu HuyHoang and Bangladeshi Minister of Food and Disaster Management MuhammadAbdur Razzaque.
The MoU is expected to create alegal foundation for the two countries to establish stable rice tradingties and contribute to boosting their strategic partnership in foodprovision, said Minister Hoang.
On that basis,Vietnam will continue to affirm its position as one of the world’sleading rice exporters and raise its active role in ensuring regionaland international food security, he said.
MinisterHoang took the occasion to announce that Vietnam will expand parboiledrice exports to Bangladesh to meet the country’s huge demand.
According to MoIT’s Africa-West Asia-South Asia Markets Department ,Vietnam - Bangladesh trade ties are developing fruitfully, withtwo-way trade reaching 288 million USD in 2010, up 250 percent over2009.
Last year, Vietnam ’s exports to Bangladeshearned more than 253 million USD, a year-on-year increase of over 325percent. The country earned 120 million USD from shipping 350,000tonnes of rice to the market.
Despite being theworld’s fourth largest rice producer, in 2009, Bangladesh had toimport 2-3 million tonnes of food to meet the demands of an increasingpopulation and deal with impacts of natural disasters./.
