AsemconnectVietnam - According to the Ministry of Industry and Trade, Vietnam exported more than 7.05 million tonnes of rice worth US$3.95 billion between Jan. – Oct. 2023, up 15.9% in quantity and up 34% in value year on year.

The country’s average price of exported rice during the reviewed period reached US$559.5 per tonne, marking a 15.6% increase over the same period last year.
October alone witnessed Vietnamese rice exports reach 635,102 tonnes worth US$406.76 million, up 4.9% and 7.7% in quantity and value month on month. The figures represent an annual decline of 10.9% in quantity and an increase of 34% year on year.
According to statistics, the average export price throughout the reviewed period stood at US$640.5 per tonne.
The Philippines made up the largest buyer of Vietnamese rice in 10 months with 2.63 million tonnes, while Indonesia and China ranked second and third, with 1.03 million tonnes and 883,967 tonnes, respectively.
Attracting investment and public-private partnership (PPP) plays an important role in implementing the project of sustainable development of 1 million ha of low-emission high-quality rice production in the Mekong Delta to 2030, said insiders.
The project will promote added value throughout the entire rice production chain, raising farmers' incomes, ensuring sustainable development amid worsening climate change, and contributing to green growth.
According to Deputy Minister of Agriculture and Rural Development Tran Thanh Nam, the project will focus on measures to reduce production costs for farmers and expand carbon-certified rice production.
Le Thanh Tung, Deputy Director of the Crop Production Department under the Ministry of Agriculture and Rural Development (MARD), said mobilising components in the value chain through public-private partnership programmes is a top priority in implementing the project.
Promoting the application of technical advances in farming will help solve difficulties for farmers, on the pathway to developing a sustainable rice production chain, he added.
The establishment of the PPP task force on rice aims to boost linkages in sustainable rice production and leverage agricultural technology to support the activities of the rice industry.
Le Quoc Thanh, Director of the National Agricultural Extension Centre, said the project will offer an opportunity to re-position Vietnam’s rice sector. He called for joint engagement of private areas, businesses, and producers in the project.
Head of Sustainable Value Chains of Grow Asia Misha Rabat said Grow Asia wants to connect public and private sector partners and mobilise resources from funds in order to support food system innovation, thus improving the rice industry's adaptation to climate change and increasing incomes for rice farmers.
Many Vietnamese businesses have also expressed their interest and willingness to join in this project.
According to Chairman of Loc Troi Group Huynh Van Thon, the firm has organised chain and cooperative model-based production and applied technologies in production activities.
Vietnam's rice sector has so far ensured food security and created jobs and income for 9.3 million households in rural areas, making it a decisive factor in hunger eradication and poverty reduction.
The nation currently ships rice products to more than 150 countries and territories, accounting for more than 15% of the world’s total rice exports.
T.Huong
Source: Vitic