Latest News about Vietnamese rice
In the world today, there is no rice variety that reaches all 545 quality criteria like Quang Tri organic rice. Two compounds found in this variety are considered highly valuable.
The Vietnamese rice sector was shocked last month when companies from the US and Australia attempted to attain the trademark for ST25 rice.
Unlike regional competition, Vietnamese branding approaches of well-established rice varieties could still see some improvements because of existing ambiguities in the product development strategies of the responsible government agencies.
A representative of the Vietnam Trade Office in Australia has said the office is deploying emergency measures aimed at protecting Vietnamese rice trademarks
The National Office of Intellectual Property (NOIP) says the ST25 rice variety has been granted a Protective Certificate No 21.VN.2020 under Decision No 45/QD-TT-VPBH dated March 6, 2020 by the director of the Department of Crop Production.
If certain legal entities in the US successfully register the ST25 rice brand, Ho Quang Cua, the real owner of the brand, will lose ownership and it will be very difficult to claim it back.
Four foreign companies have registered trademark protection for Vietnam’s ST25 rice in the U.S., which may choke off Vietnamese food exporters tapping the market later,
In August 2020, when the Vietnam - EU Free Trade Agreement (EVFTA) took effect, Trung An High-tech Agriculture JSC exported about 150 tons of rice to the European Union.
Overcoming Thailand and India, Vietnamese rice ranked first in the world on average selling price, which in the first quarter was US$547 per ton, up 18.6% year on year.
icon SCI-TECH & ENVIRONMENT
Agencies in Vietnam and international partners have been working together to seek effective measures to reduce the emission of greenhouse gases in rice production in the country.
In the first months of 2021, tonnes of Vietnamese ri
Nine Vietnamese fragrant rice varieties will enjoy tariff export quotas to Europe under the Europe-Vietnam Free Trade Agreement (EVFTA) agreement.
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.
Rice is a rare spotlight in Vietnam’s agro-product exports in the first half of this year. However, the good performance may not be maintained in the second half of the year.
In the first half of this year, rice export value jumped 18.6% year-on-year to US$1.71 billion.
Confronted with food security risks as Covid-19 spreads, the Prime Minister decided on March 25, 2020 to suspend rice export and then regulate it using quotas.
Vietnam is enjoying strong growth in both rice export volume and value, and more export chances are still ahead as some FTAs have come into force and consumers around the globe are boosting purchase to ensure food security.
Vietnam may be one of the world’s top rice exporters, but its reputation as a low-quality producer and lack of an appealing national brand has ensured its exports do not fetch high prices.