Hanoi (VNA) – Vietnam is expanding the export of its high-quality ricewith the aim to increase the export value and improve farmers’ income.
According to the Vietnam Food Association (VFA), the export priceof Vietnam’s 5% broken rice is higher than that of Thailand, India andPakistan.
Specifically, each tonne of this kind of rice is sold for 418 USD,8 USD higher than that of Thailand, and 30 USD and 75 USD higher than those ofPakistan and India, respectively.
Meanwhile, the export price of Vietnam’s 25% broken rice iscurrently 403 USD per tonne, equal to that of Thailand, but 35 USD and 75 USDhigher than those of Pakistan and India, respectively.
In addition, the country’s high-quality rice is beingshipped to Japan and Europe. Recently, Tan Long Group JSC, in collaborationwith Japan’s Kiraboshi Bank, held a ceremony in Tokyo to introduce ST25 rice,which was named the world’s best rice in 2019, to the Japanese market.Meanwhile, Loc Troi Group JSC exported nearly 500 tonnes of high-quality ricelabelled with its own brand name “Com Vietnam Rice” to the EU markets inJune./.
There is still room for Vietnamese exports to grow in the Association of Southeast Asian Nations (ASEAN) market, including rice, the country's major export. However, it is necessary for enterprises to review the import demand of each country, pay attention to brand building as well as enhance the competitiveness of Vietnamese rice, experts said.
As many countries in the world have limited food exports to guarantee domestic food security, rice – a staple in most of Asia – is forecast to witness surging prices in the time ahead, which is said to be a chance for Vietnam – one of the world’s largest rice exporters.
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Illustrative image (Photo: VNA) 
