return icon Vietnamnet.vn

Vietnam should improve rice quality in long-term strategy

Experts believe Vietnam needs a long-term strategy to increase the quality of its rice exports to create sustainable growth in the future.

 

 

 

{keywords}

Sacks of rice are loaded for export. — Photo vneconomy.vn

 

 

To meet the changing demands of export markets, Bui Thi Thanh Tam, general director of VinaFoods 1 Corporation, said firms should invest in domestic production to increase the quality of rice.

To do that, the agriculture sector needed support from relevant ministries.

The Ministry of Industry and Trade focuses on developing markets and negotiating free trade agreements (FTAs) to create favourable conditions for rice exports. Meanwhile, the Ministry of Agriculture and Rural Development (MARD) is in charge of production, including improving rice quality.

Local authorities needed to guide and encourage farmers to produce organic rice so that Viet Nam could offer clean materials to meet market demands. Businesses also needed to ensure the quality of the rice they were exporting. If those parts were linked, it would ensure the sustainable growth of rice exports, Tam said.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong said the global rice market was at present about 36-40 million tonnes per year. Of this figure, Viet Nam exported 7 million tonnes of rice per year, but had failed to reach high export value due to its passive approach.

In the long-term strategy, the agriculture sector should look at reducing the total area of rice plantations to a level that ensured food security and partial exports.

Cuong said the domestic market needed to ensure supplies and the quality of rice and packaging. Regarding export markets, Viet Nam should promote and expand markets, for examples, in Africa and the Middle East, as well as regional markets such as Indonesia and the Philippines.

New markets

Cuong said this year, the winter-spring rice crop in the Mekong Delta had yielded up to 14 million tonnes. Despite a significant drop in exports to China, Viet Nam had still gained growth in export volume.

"The Government plans to put 200,000 tonnes of rice in reserve to maintain rice prices and develop the market. Vietnamese enterprises have expanded into the American market," Cuong told Kinh te Nong thon (Rural Economy) newspaper.

Viet Nam's major competitor, Thailand, was facing a severe drought, affecting the country's rice production. Singapore, which regularly imported 30-40 per cent of its rice from Thailand, was considering a strategy to diversify imports from other sources, according to MARD.

Opportunities to exporting rice to Singapore wwould result for many other countries, especially Viet Nam and Cambodia.

In addition, Japan, which regularly imported 50 per cent of its rice demand from the US, was also considering switching to importing rice from CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) members, including Viet Nam.

MARD said the rice export volume in the first nine months was estimated at 5.2 million tonnes, earning US$ 2.24 billion, up 5.9 per cent in volume but down 9.8 per cent in value compared to the same period in 2018.

Of which, rice exports in September were estimated at 586,000 tonnes, earning $251 million.

Deputy Director of the Ministry of Industry and Trade’s Import and Export Department Tran Thanh Hai said China had been Viet Nam's largest rice export market for many years, but this year exports had fallen by 65 per cent.

In 2018, China tightened controls for rice from Viet Nam including quality control and traceability. It has also set an import quota of about 5 million tonnes of rice this year, but in fact, it is only likely to import about 3.3 million tonnes.

Tam said China had adopted a plant quarantine policy. This had forced local firms to promote rice exports in other markets. For example, exports to the Philippines had doubled or even tripled against previous years. The Iraqi market had also imported up to 400,000 tonnes of Vietnamese rice.

Despite these difficulties, Tam said Viet Nam would still reach its target of exporting more than 6.5 million tonnes of rice this year. — VNS

 

Vietnam struggles to reach rice export plan

Vietnam struggles to reach rice export plan

Analysts warn that Vietnam will have to struggle to implement the rice export plan this year because many key markets have tightened control over imports.

Thai policy on rice subsidy is double-edged sword for Vietnam

Thai policy on rice subsidy is double-edged sword for Vietnam

The government of Thailand has approved a budget of 21.5 billion baht to ensure a rice price at a reasonable level for Thai farmers. The policy is expected to have a negative impact on other export countries, including Vietnam.

MORE NEWS

Attractive sites in HCM City vandalised with graffiti

Multiple sites in HCM City, including bus stops, metro trains and the newly opened Thu Thiem 2 Bridge, have been vandalised with graffiti.

FDI poured into real estate sector doubles

Real estate sector attracted 3.5 billion USD in foreign direct investment (FDI) the first nine months of this year, accounting for mearly 19% of total FDI that the country lured in the period, coming second among sectors in terms of FDI attraction.

Gia Lai province has new Chairman

The Government has confirmed Mr. Truong Hai Long as new Chairman of the Gia Lai provincial People's Committee.

Investors dump shares in panic, VN-Index drops nearly 46 points

The VN-Index officially lost the 1,110-point mark, retreating to the bottom made in February 2021 in the first trading session of October on October 3.

First Vietnam monkeypox case returns from Dubai

The Ministry of Health confirmed on October 3 that a woman returning from Dubai has infected with the monkeypox virus, the first case recorded in Vietnam so far.

Coca-Cola injects US$136 million into Long An plant

Coca-Cola Beverages Vietnam Co., Ltd is poised to start development on a beverage factory with total investment capital exceeding US$136 million in Phu An Thanh Industrial Park of Ben Luc district in the southern province of Long An.

List of 48 websites showing signs of law violation announced

The Ministry of Information and Communications (MIC)’ Authority of Broadcasting and Electronic Information has announced a list of 48 websites showing signs of law violations as of the end of the third quarter.

Secretary of Hai Duong Provincial Party Committee expelled from Party

The Party Central Committee decided to expel Secretary of the Hai Duong Provincial Party Committee and Chairman of the provincial People’s Council Pham Xuan Thang from the Party during the first working day of its sixth plenum in Hanoi on October 3.

VIETNAM NEWS HEADLINES OCTOBER 3

Hanoi seeks UNESCO's recognition for Mo Muong

Seven must-visit destinations in Vietnam for coffee connoisseur

From the 19th century until now, coffee has taken a journey to become an irreplaceable part of Vietnamese culture and life.

Petrol prices fall to over a year record low of VND21,000/litre

Petrol prices tumbled to the lowest level in more than a year in the latest adjustments made on October 3 by the Ministries of Industry and Trade and the Ministry of Finance.

Foreign ODA and concessional loans reach 15.5% of target

Disbursement of foreign official development assistance (ODA) and concessional loans has been slow, achieving only 15.48% of the target, the Ministry of Finance reported.

More foreign visitors to HCMC signals thriving tourist season

Roughly 100 French, American, German tourists traveled to Ho Chi Minh City on French Le Laperouse yacht of Ponant after the last visit in mid-November 2019 signaling a thriving tourist season.

First monkeypox infection detected in HCM City

The Ho Chi Minh City Department of Health has just announced the first reported case of monkeypox in Vietnam.

VIETNAM BUSINESS NEWS OCTOBER 3

2.97 billion USD in FDI poured into HCM City in 9 months
back_to_top