Can Tho (VNA) – Vietnam’s rice export is likely to surpass the target set for this year, said Chairman of the Vietnam Food Association Nguyen Ngoc Nam.
During a conference co-hosted by the Ministry of Agriculture and Rural Development and the People’s Committee of the Mekong Delta city of Can Tho on September 22, Nam said Vietnam earned nearly 2.4 billion USD from exporting 4.97 million tonnes of rice in the first eight months of this year, up 20.7% in volume and nearly 9.9% in value from the same period last year.
Vietnam plans to ship 6.3-6.5 million tonnes of rice this year, or 100,000–200,000 tonnes more than 2021.
Illustrative image (Photo: VNA)
Asia is the biggest buyer of Vietnamese rice, accounting for more than 50%, followed by Africa and America.
🎃 The Philippines alone bought over 1 billion USD worth of Vietnamese rice, or nearly half of Vietnam's total export, mostly jasmine and hi-quality rice, up more than 47% year on year.
In the past eight months, China bought over 520,000 tonnes of rice from Vietnam, or about 10% of Vietnam's rice exports, down 29% annually. At present, the neighbouring country has huge demand for glutinous rice but supplies in Vietnam are insufficient.
🐻 Ghana and the Ivory Coast remained stable markets for Vietnam, with more than 18% of the total rice export./.
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.
Vietnam has become one of the leading rice producing and exporting countries in the world. However, this item is usually imported raw, then distributed under the brand of the importers. Some domestic agricultural enterprises have pooled resources to build high-quality rice production chain, successfully penetrating choosing markets, and helping leverage the prestige of Vietnamese rice on the global market.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
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A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Illustrative image (Photo: VNA) 
Illustrative image (Photo: VNA) 
