Viet Nam is expected to export between 6.5- 6.7 million tonnes of rice, bringing revenue of US$3.3 billion this year.
The trademark “Vietnam Rice” has by now been protected in 22 foreign countries, the Ministry of Agriculture and Rural Development (MARD) reported, urging for the issuance of a legal document managing the use of the trademark.
The Vietnam Food Association has proposed the Ministry of Industry and Trade work with ports and localities to remove difficulties in the transportation of rice for export.
Vietnam is anticipated to become the world’s third largest rice exporter next year with an estimated export volume reaching 6.3 million tonnes, according to the projection made by the United States Department of Agriculture (USDA).
A representative of the Vietnam Trade Office in Australia has said the office is deploying emergency measures aimed at protecting Vietnamese rice trademarks
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.
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.
Nine Vietnamese fragrant rice varieties will enjoy tariff export quotas to Europe under the Europe-Vietnam Free Trade Agreement (EVFTA) agreement.