Hanoi (VNA) – The US Department of Agriculture(USDA) has forecast that Vietnam would maintain its position as the world’ssecond biggest rice exporter this year.
According to the department, Vietnam will export 6.4million tonnes of rice in 2011, an increase of 233,000 tonnes compared thevolume recorded in the previous year.
It is likely that India will remain the largest riceexporter in the world, with 15.5 million tonnes rice shipped abroad this year. Thailand will rank third with an estimated exportvolume of 6.1 million tonnes.
Last year, Vietnam shipped abroad 6.15 million tonnesof rice worth 3.07 billion USD, down 3.5 percent in volume but up 9.3 percentin value year-on-year.
Statistics show that in the first four months of thisyear, the country exported 1.89 million tonnes of rice, down 10.8 percent involume but up 1.2 percent in value over the same period last year.
The Vietnam Food Association said Vietnam’s riceexport structure has shifted towards quality types with higher prices and addedvalues./.
The fourth Vietnam Rice Festival will take place in the Mekong Delta province of Vinh Long on December 13-19 with a view to promoting agro-economy and rice trade in domestic and foreign markets.
Vietnam’s rice exports have expanded during the pandemic to surpass rival Thailand in price for the first time in three decades, leading experts to suggest the sector should consolidate its position.
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A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
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The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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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.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.