Vietnam eyes more Asean rice exports
12/05/2022 87
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The Vietnam Trade Promotion Agency (Vietrade) under the Industry and Trade Ministry (MoIT) will coordinate with Vietnam’s trade offices in member countries of the Association of Southeast Asian Nations (Asean) to organise consulting session on rice exports.
Last year, the Philippines was Vietnam’s biggest rice buyer, importing 2.45 million tonnes worth over US$1.25 billion, according to Vietnam news agency (VNA).
In the first quarter of this year, the Philippines maintained its top position, making up 44.7 percent and 42.6 percent of Vietnam’s total rice export volume and value, respectively.
Apart from the Philippines, Vietnamese rice has also been exported to other major markets in the region like Malaysia, Singapore, Indonesia and Brunei.
According to VNA, Vietnam’s rice exports to Malaysia in January rose 163.4 percent and 156 percent in volume and value compared with the previous month, and 104 percent and 67.5 percent year-on-year, respectively.
Source: Daily Express
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