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Made-in-Vietnam rice secures firm niche

However, it saw a year-on-year decline of 3.2% in value to 2.87 billion USD.

 

The Ministry of Agriculture and Rural Development (MARD) forecasted that Vietnam would ship 7.1 million tons of rice in 2012, equivalent to the record made last year.

 

The Vietnam Customs reported that Vietnam's import markets shifted dramatically in the first eight months of the year.

 

There are 26 big customers, with 15 importing over 20,000 tons each and 9 buying over 100,000 tons each.

 

China became the largest rice importer of Vietnam. China, Hong Kong and Taiwan all imported almost 1.9 million tons of rice, accounting for around a third of Vietnam's total rice export volume.

 

Southeast Asia is a big market for Vietnamese rice. The Philippines, Malaysia, Singapore, Timor-Leste and Brunei brought in over 1.93 million tons of rice from Vietnam.

 

Africa is another big and potential rice import market of Vietnam.

 

Rice is a key commodity of Vietnam. The country is located close to high-populated countries which are pursuing industrial and service development. In the long term, Vietnamese rice would not o¬nly occupy bigger markets but also have high value.

 

In spite of lower export value and volume in the first nine months of 2012, rice still entered the 1 billion USD-valued export line club and joined the list of 11 commodities making over 2.5 billion USD in export turnover.

 

Experts suggested the necessity of maintaining rice cultivation land, providing direct assistance to peasants and prioritizing industrialization and modernization to heighten the status of made-in-Vietnam rice.