Tuesday, June 18, 2024 6:37:27 PM - Markets open
VN-INDEX 1,279.50 +4.73/+0.37%
HNX-INDEX 244.43 +1.27/+0.52%
UPCOM-INDEX 98.31 +0.22/+0.22%
VN rice exports reaches new heights
Vietnam News - 10/12/2018 1:19:37 PM
 (0 ratings. You must sign in to rate.)
HÀ NỘI — Rice production and exports has shifted towards quality and added value, promoting safe production and applying high technology while organic agriculture has been given special attention for development.
 
That was the message from Deputy Prime Minister Vương Đình Huệ delivered at the 10th World Rice Conference held in Hà Nội on Thursday.
 
Huệ said agriculture and rural development is a major policy of the Vietnamese Party, State and Government, in which rice production and export play an important role in contributing to food security for Việt Nam, the region and the world.
 
Despite a strong industrialisation and modernisation process, rice fields now account for around 60 per cent of Việt Nam’s total arable area, and production is essential for the livelihoods of nearly nine million farming households in the country.
 
After more than 30 years of renewal, Việt Nam has risen from a poor country which had to import food to one of the three largest rice exporters in the world.
 
Last year, Việt Nam exported nearly six million tonnes of rice, earning US$2.6 billion, up 21 per cent in volume and 22 per cent in value year-on-year.
 
Vietnamese rice is available in 150 nations and territories, Huệ said, adding that Việt Nam is eyeing potential markets in Europe, America and Oceania, along with its traditional ones such as China, the Philippines, Malaysia, Cuba and African nations.
 
“Vietnamese rice is also able to meet all criteria to enter the most picky markets in the world, as the country has paid much attention to applying high technologies in production and developing organic agriculture,” he said.
 
The Vietnamese Government has set a target of intensifying production and export connectivity through a value chain, he added, ensuring the quality of exported rice, and entering more deeply into the global rice value chain so as to build and confirm the prestige of Vietnamese rice trademark.
 
Although rice production is facing numerous challenges from climate change, the Deputy PM expressed his belief that new scientific and technological advances would help the rice sector to produce new varieties that could adapt.
 
Minister of Industry and Trade Trần Tuấn Anh said Việt Nam holds an increasingly important role in co-ordinating with rice importers, exporters and partners to effectively participate in the globe’s rice product chain and food security.
 
The country’s rice export market development strategy for the 2017-20 period with a vision to 2030 focuses on developing export markets, helping raise farmers’ income, ensuring domestic food security and social welfare, and protecting the eco-environment. The strategy also targets to build Vietnamese rice trademark and intensify connectivity through a value chain from production to consumption and export, Anh added.
 
Jeremy Zwinger, The Rice Trader (TRT) President and CEO, said Việt Nam’s hosting of the 10th conference shows its Government’s commitment to the development and trade of rice.
 
He said Việt Nam’s rice production and trade has seen positive progress and expressed his confidence in the Vietnamese Government’s attention to developing the rice value in the future.
 
With a message of “investing in the rice sector in future”, delegates discussed global trends on rice production and trade in 2018 and the following years, shared experience in producing rice sustainably, controlling the supply chain, developing rice trademark and applying technology in this sector. Many stressed unpredictable changes in global trade, especially rice trade, as rice is a sensitive commodity with high requirements on food safety and environment protection.
 
The event is the world’s most premier conference focusing solely on rice. Attending the event were leading officials of Việt Nam’s Ministries of Industry and Trade, and Agriculture and Rural Development, representatives of the world’s major importers and exporters and major companies, and experts from more than 30 nations and territories all over the world.
 
The 2018 World Rice Conference is jointly held by The Rice Trader and Việt Nam’s Ministry of Industry and Trade. — VNS
 
Read original article here
 
Newer News
15/06 China’s Guangxi province eyes to expand economic cooperation with Việt Nam
15/06 Quảng Ninh posts fourth fastest growth in Red River Delta
10/06 Policy on business registration to be revised
10/06 State budget revenues from import-export grow 7.4% in five months
10/06 Canada imposes temporary anti-dumping duties on wire products from Việt Nam
05/06 Việt Nam's State budget collection up nearly 15 per cent in five months
05/06 Businesses pivot to neighbouring markets due to uncertainties elsewhere
05/06 Việt Nam leads the region in attracting long-term investment into innovative start-ups
27/05 MoIT to step up talks on new FTAs
25/05 Criteria for assessing FDI announced
Older News
11/10 VN struggles to export to ASEAN
11/10 Fuel prices set to put pressure on inflation
10/10 Dong Nai revokes licences of over 170 FDI projects
10/10 Vietnam earns 3.2 billion USD from auto accessories exports
10/10 Mekong Delta provinces attract more foreign investment
09/10 Seafood exports likely to rake in $9b this year
08/10 Standard Chartered: Vietnam - fastest growing ASEAN economy
05/10 Đồng Nai attracts nearly US$1.3 billion in FDI in nine months
03/10 Deputy PM: Vietnam sees stable, rapid economic growth
02/10 HCM City must pick up economic pace
 
Newsletter Signup
Top Stories
Surge in newly opened securities accounts recorded in May
VN adds over 110,000 new securities accounts in April, bringing total to 7.7 million
Cautious rise amid low supply and cash flow, investors advised to monitor resistance area
Interest rates to rise but not have major impact on stock market: economist
Businesses concerned about rising exchange rate pressure
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,279.50 +4.73/+0.37%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.