return icon Vietnamnet.vn

Vietnam still faces rice export difficulties

Vietnam's rice export industry is trying to find new customers as exports to China, the country’s biggest customer, dropped.

 

 

 

{keywords}

Illustrative photo. Vietnam still faces rice export difficulties

 

 

 

The problem was discussed at the review conference about rice export in the first half of 2019 held by the Ministry of Industry and Trade.

Deputy Minister Tran Quoc Khanh said many unfavourable international developments for the local rice export industry had occurred. In the first five months, Vietnam only exported 239,000 tonnes of rice to three major markets including China, Indonesia and Bangladesh, a decrease of 83% compared to the same period last year.

The exports firms had to find other customers and successfully exported 2.76 million tonnes of rice. However, it is forecasted that the industry will have to face many difficulties in the next 16 months.

Statistics from the Export and Import Department showed that in the first five months, Vietnam only exported 223,078 to China which worth USD111.3m, a decrease of 74% on last year, due to high inventory and stricter standards. China was once Vietnam's biggest customer, accounting for 40% of Vietnam's total rice export. However, it has dropped to third place.

China's rice import quota for 2019 was set at 5.32 million tonnes but it is said that only 3.5 million tonnes would be imported, one million tonnes lower than in 2018. In the first four months, China imported 850,000 tonnes, a decrease of 24.4% on last year. China is exporting more rice in the meantime. The total exported rice in the first four months was 829,900 tonnes, an increase of 112.4%.

Bui Thi Thanh Tam, vice head of Vietnam Food Association, said other rice exporters like Thailand and India also considered China a new competitor. After releasing the rice inventory, China may become the world's fifth-biggest rice exporter.

According to Khanh, nine months after a new resolution about rice export was applied, 41 new firms had been granted the certificate of eligibility for rice export business, making it a total 177 rice export firms. However, only 76 firms submitted export activities reports to the Ministry of Industry and Trade and those who failed to comply may have their certificates revoked.

At the conference, the attendees agreed that Vietnam must aim for more diverse customers and improve rice quality. The Ministry of Industry and Trade and related agencies must boost promotional programmes and help firms in developing a brand for Vietnamese rice. Dtinews

Rice production in Vietnam's Mekong Delta took wrong path: expert

Rice production in Vietnam's Mekong Delta took wrong path: expert

While the entire society was still in dreaming of being a rice export power, farmers were realistic, realizing that the higher the yield of rice, the lower profit they would get because of higher fertilizer and pesticide costs.

Rice farmers switch to corn as fresh water supply shrinks

Rice farmers switch to corn as fresh water supply shrinks

Facing water shortages, farmers in the Cuu Long (Mekong) Delta province of Tien Giang have grown corn on nearly 2,000ha of rice fields for the 2018-19 winter-spring crop.

Ninh Bình's river of rice

Ninh Bình's river of rice

Spectacular fields of mature yellow rice line a river dotted with karst mountains, forming a natural painting in the northern province of Ninh Bình, some 90km south of the capital city Hanoi.  

MORE NEWS

"578 Magnum" film chosen to compete at 2023 Oscars

The head of the Vietnam Cinema Department, Vi Kien Thanh, said the “578: Phat Dan Cua Ke Dien” (578 Magnum) film received a score of 9, the highest from the national selection board, and was chosen to represent Vietnam at Oscars 2023.

HCM City to recruit key officers through exams

The city’s Vice Chair Vo Van Hoan has signed a decision on organizing exams to select leaders and managerial officers for local public agencies.

HAGL Group repays bonds worth trillions of VND

The Hoang Anh Gia Lai Group (HAG) of entrepreneur Doan Nguyen Duc eased its debt burden of VND6.6 trillion in bonds prior to Decree 65’s issuance.

70-year-old publishing industry tries to catch up with rest of the world

Tran Chi Dat, Director and Editor-in-Chief of the Information and Communications Publishing House, says that e-books and other modern publishing models are now giving more choices to readers in accessing content.

Vietnam's first monkeypox patient tests negative, symptoms disappearing: hospital

The patient, a 35-year-old woman who return from Dubai, is no longer suffering from fever, while the blisters on the face, hands and feet have dried up, peeled off and new skin is forming, said the doctors treating her.

Largest-ever Vietnamese rock concert to hit stage in HCM City

Leading rock bands and singers from across the country are set to perform in the World Rock Vietnam concert which will get underway on December 10 in Ho Chi Minh City.

Vietnam to impose temporary anti-dumping duties on Chinese tables, chairs

Vietnam will impose temporary anti-dumping duties on some table and chair products originating from China, the Vietnamese Ministry of Industry and Trade has said.

More former officials arrested over repatriation flights bribery scandal

Three more people, including two former diplomatic officials, have been arrested for their involvement in a bribery case at the Ministry of Foreign Affairs' Consular Department.

Vietnam to send two football teams to AFF Club Championship 2023

Vietnam will send two clubs to the ASEAN Football Federation (AFF) Club Championship 2023, according to the Vietnam Football Federation (VFF).

ST24, ST25 rice trademarks protected in Australia

Australian Intellectual Property (IP Australia) has officially issued trademark protection certificates to three brands of ST24 and ST24 rice produced by Ho Quang Tri Private Enterprise.

Retail stocks with positive outlook

Retail stocks, in general, are expected to produce positive business results this year, especially in the third quarter.

Artificial Intelligence applied to weather forecasting in Vietnam

The Vietnam Meteorological and Hydrological Administration has applied Artificial Intelligence (AI) in hydrometeorology monitoring and forecasting, making typhoon and torrential rain prediction more accurate.

Visiting Quang Tri to enjoy its speciality: bun chat chat

Mussel vermicelli in Quang Tri’s Mai Xa Village has been recognised as one of the top 100 of Vietnam’s outstanding specialties.

Detective genre makes steady literary comeback

The detective genre is undergoing a literary renaissance in Vietnam.

Only 1.7 million foreign arrivals to VN first 9 months

The number of foreign travelers to Vietnam was 1.65 million in January-September 2022, while the yearly target is 5 million, said the Vietnam National Administration of Tourism (VNAT).
back_to_top