Trade turnover between Vietnam and the Philippines may reach from 8.1-8.3 billion USD this year, up from 3.9-6.4% year-on-year, according to the Vietnam Trade Office in the Philippines.

Despite being one of the primary supply sources for Senegal – a country with one of the highest per capita rice consumption rates in West Africa, Vietnam's rice exports to this nation remain modest.

Despite a fall in Vietnam's rice exports so far this year, experts held that the situation will be improved once the COVID-19 pandemic is controlled.

In the first 11 months of this year, Vietnam's rice exports exceeded 5.7 million tonnes, down by 3 percent, but earnings surged by 9.7 percent to nearly 2.83 billion USD over the same period in 2019 thanks to export price increase.

A delegation of some 20 Chinese rice importers is visiting Vietnam for trade connection and promotion activities between May 6 and 10.

After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Vietnam – though not by much.

SunRice Group has completed the acquisition of a rice processing mill in the Mekong Delta province of Dong Thap, the first direct financial investment of the Australian business in Vietnam.

Vietnam shipped abroad 264,000 tonnes of rice in October this year for 136 million USD, pushing the total figures so far this year to 5.2 million tonnes worth 2.6 billion USD, up 1.7 and 14.1 percent year-on-year.