"With the prospect from the beginning of the year until now, it is possible to achieve the target of rice export output of 6.5-6.7 million tons," said Deputy Minister Phung Duc Tien.

According to statistics, in the first 7 months of 2022, Vietnam's rice exports reached 4.19 million tons, equivalent to a value of more than 2 billion USD, up 20.5% in volume and 9% in value over the same period in 2021. This is the highest export level ever.

The world's supply of wheat and cereals is scarce, so the demand for rice imports from Vietnam in the market is very high. Photo: ToQuoc.vn

According to the Chairman of the Vietnam Food Association Nguyen Ngoc Nam, Vietnamese rice has found a foothold in new and high-end markets such as the United States, Europe, etc. In particular, Japan has officially imported 100 tons of rice. Vietnam's first ST25 rice for sale in supermarkets, shops, and so on. The world's supply of wheat and cereals is scarce, so the demand for rice imports from Vietnam in the market is very high.

In order to support businesses to proactively export rice and take advantage of existing advantages, Deputy Minister of Agriculture and Rural Development Phung Duc Tien said, "The Ministry of Agriculture and Rural Development will closely coordinate with relevant ministries and branches to update the latest developments. market changes, regularly providing information to businesses."

In the coming time, the Ministry of Agriculture and Rural Development will continue to promote the restructuring of the rice production industry in the direction of increasing value. At the same time, they coordinate with localities and businesses to focus on building a brand name for Vietnam's rice industry.

"With the prospect from the beginning of the year until now, it is possible to achieve the target of rice export output of 6.5-6.7 million tons," said Deputy Minister Phung Duc Tien.

Also related to this issue, in an article, the CNA news agency quoted a Thai official saying that Thailand and Vietnam have agreed to cooperate in raising the price of rice in the global market, after many years. months of negotiations to improve rural incomes.

Many agricultural products of Vietnam are popular in the UAE market. Photo: VNBussiness

Accordingly, Thailand and Vietnam started the negotiation process in May. The plan's goal is to increase the price of exported rice, increase the leverage of the two countries in the global market and raise farmers' income.

"This is the first time that Thailand and Vietnam have agreed to work together to raise the price of rice in the global market," said Advisor to Thai Minister of Agriculture and Cooperatives Alongkorn Ponlaboot.

Thailand's Minister of Agriculture and Cooperatives also affirmed that promoting export rice prices at a fairer level is the duty and responsibility of all exporting countries. The fact that Thailand and Vietnam agree to cooperate on this issue is the first step.

In the long term, the two countries will ask India and many other rice exporting countries to strengthen cooperation, instead of competition, to regulate export rice prices at a reasonable level. Thereby, on the one hand, supporting farmers and production-export enterprises, on the other hand, ensuring global food security.

Nguyen Nhu Cuong, Director of the Department of Crop Production (MARD), affirmed that Vietnam has joined free trade agreements, so it should strictly comply with the provisions of free trade agreements that Vietnam has signed. . Regarding the rice price issue, Vietnam is committed to following market rules on prices and always fulfills Vietnam's responsibility for food security.

Currently, rice production in Thailand and Vietnam accounts for about 10% of global raw rice production and about 26% of the world's rice exports.

Vietnam recorded a trade surplus with the UAE market of 3 billion USD in 8 months

In the first 8 months of 2022, Vietnam is estimated to record a substantial trade surplus with the UAE of 3 billion USD. In particular, the total export turnover of non-petroleum products of Vietnam to the UAE is estimated at 3 billion USD, and the total import turnover of Vietnam from the UAE is estimated at 300 million USD.

High corporate building in Hanoi. Photo: Reka

According to the Vietnam Trade Office in the UAE, the total two-way trade turnover between Vietnam and the UAE in the first eight months of 2022 is estimated at $3.3 billion, down slightly by 5.63% over the same period in 2021. The reason is due to a decrease in exports of mobile phones and components due to a lack of input materials and high input costs.

However, Vietnam's strong commodity groups are still expected to record strong growth such as seafood, vegetables, pepper, cashew, rice, leather and footwear, apparel, machinery, equipment, and spare parts.

Although Vietnam is trading surplus with the UAE, the Vietnam Trade Office in the UAE also recommends that the UAE is an open market, so there are many competitors. Importers always pressure exporters to get the lowest price. This is a Muslim country so food and beverage products and many more need Halal certification…

The Ministry of Industry and Trade supports processed food businesses to capture information and exploit the Japanese market. In order to maintain the export performance to this market, Vietnamese enterprises are advised: It is necessary to develop an export strategy to the UAE so that export products can be competitive in price and quality with other products. similar products on the market.

For trade promotion agencies, the Vietnam Trade Office in the UAE proposed: Strengthening the organization of large-scale trade and investment forums with the participation of leading enterprises of the two countries. parties, as well as the participation of local trade and investment management agencies for the two sides to share information and clarify real cooperation opportunities.

In addition, businesses should regularly participate in international trade fairs and exhibitions in Dubai to introduce and promote Vietnamese goods. This is also an opportunity to find partners around the world.

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