The Vietnam Trade Promotion Agency (Vietrade) under the Ministry of Industry and Trade (MoIT) will coordinate with Vietnam’s trade offices in member countries of the Association of Southeast Asian Nations (ASEAN) to organise a consulting session on rice exports.
Rice is packaged at a factory in Vietnam. (Photo: VNA)
Hanoi (VNA) – The Vietnam Trade PromotionAgency (Vietrade) under the Ministry of Industry and Trade (MoIT) willcoordinate with Vietnam’s trade offices in member countries of the Association ofSoutheast Asian Nations (ASEAN) to organise a consulting session on rice exports.
Vietnam’s Commercial Counselors in Indonesia andLaos, and officials in charge of commercial affairs in Malaysia, Singapore andThailand, will inform about the host markets for Vietnamese rice exports.
Last year, the Philippines was Vietnam’s biggestrice buyer, importing 2.45 million tonnes worth over 1.25 billion USD.
In the first quarter of this year, the Philippinesmaintained its top position, making up 44.7 percent and 42.6 percent of Vietnam’stotal rice export volume and value, respectively.
Apart from the Philippines, Vietnamese rice has alsobeen exported to other major markets in the region like Malaysia, Singapore,Indonesia and Brunei.
Vietnam’s rice exports to Malaysia in January rose163.4 percent and 156 percent in volume and value compared with the previousmonth, and 104 percent and 67.5 percent year-on-year, respectively.
The ministry held that to improve export efficiency,the sector should review rice demand in each ASEAN market, saying Vietnamshould pay more attention to trade policies with regional countries, maximiseadvantages brought about free trade agreements between ASEAN and partnersworldwide, and further improve its technological capacity to raise thecompetitiveness of goods./.
Vietnamese rice, spices, and fruit have been increasing their presence in demanding markets worldwide as local businesses are taking advantage of free trade agreements.
Vietnam always wishes to be a long-term and stable rice supplier for Sierra Leone as its domestic production has not yet met the demand, Minister of Industry and Trade Nguyen Hong Dien said at a recent meeting with Sierra Leone’s counterpart Edward Hinga Sandy.
Gabon is seeking Vietnamese enterprises that can transfer rice farming technology and invest in rice production, not only to serve domestic consumers but also to export to neighbouring countries, Gabon minister of trade Yves Fernand Manfoumbi said during his visit to Vietnam.
Vietnam exported 1.14 million tonnes of rice worth 715 million USD in the first quarter of 2022, up 24 percent in volume and 10.5 percent in value year-on-year, according to the Ministry of Agriculture and Rural Development.
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During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
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Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
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Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
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This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
Rice is packaged at a factory in Vietnam. (Photo: VNA) 
