Chinese rice importers invited to boost buying from Vietnam
The Philippines has taken over China as the largest rice importer of Vietnam, a position held by China in 2018.
The Vietnamese Ministry of Industry and Trade has invited 20 Chinese rice importers to Vietnam to explore opportunities to buy more of the grain after China fell behind the Philippines as Vietnam’s No.1 rice importer.
Illustrative photo.
|
The visit of the delegation, headed by a representative of China’s Food Association, is a great opportunity for Vietnamese rice to increase its presence in China’s market.
Over the past years, the ministry has organized many programs to promote rice trade. Between 2016 and 2018, the ministry invited four delegations of Chinese importers from Anhui, Guangdong, Yunnan, Fujian, Zhejiang, among others there is high rice demand, to visit the top productive facilities and export enterprises in Vietnam.
The programs created opportunities for local enterprises to introduce high quality rice. Therefore, Chinese enterprises would raise their awareness and evaluation on Vietnam's rice production and Vietnamese rice brands.
Statistics show that Vietnam’s rice export was estimated to reach 658,000 tons, worth US$218 million in March 2019, resulting in a cumulative volume of 1.43 million tons worth US$593 million in the first three months of 2019, down 3.5% in volume and 20.2% in value year-on-year, VnEconomy reported.
In 2018 Vietnam’s rice export reached US$3.03 billion, up 16.1% compared to 2017.
Since the first three months of this year, the Philippines has taken over China as the largest rice importer of Vietnam, a position held by China in 2018, as Vietnamese rice commanded a 40.2% share in the Filipino market.
Vietnamese rice has initially penetrated some demanding markets such as South Korea, Japan, China, the United States and the European Union. Vietnam has remained the world's third-largest exporter of the grain, after India and Thailand.
In 2019, Vietnam's rice export is forecast to reach 6 million tons, equal to the volume in 2018 when the major importers were in Asia.
11:26, 2024/12/21
OCOP and agricultural products promotion week underway in Hanoi suburb
The event is part of the "Vietnamese Prefer to Use Vietnamese Goods" campaign.
14:48, 2024/12/20
Vietnamese Gen Z's green mission
Founded by a group of Gen Z Vietnamese, the Vietnam Carbon Credit Project aims to bring multiple environment benefits and expand operations abroad.
06:50, 2024/12/20
Hanoi's flower villages are in full Tet preparation mode
Flower villages in Hanoi are busy preparing for Tet, the year's most important traditional festival for Vietnamese people.
10:02, 2024/12/14
Bringing traditional So Village glass noodles to global marketplace
Hanoi's dedicated farmers work tirelessly to bring their agricultural products to the world stage, introducing the products of the rich and flavorful bounty of Vietnam's fertile lands.
15:02, 2024/12/13
Exhibition on OCOP goods in Hanoi's outlying district
The event in Ba Vi District is expected to provide consumers with access to distinctive products from traditional craft villages in the locality and other places.
23:41, 2024/12/12
Effective development of urban agriculture on Hanoi's outskirts
Hanoi's urban agricultural development is geared towards a balanced, rational structure between the elements of the agricultural ecosystem, while making positive contributions to the environment.
- Hanoi's safe vegetable models benefit locals
- Introducing high-quality crop varieties: Hanoi's commitment to sustainability
- Hanoi hosts series of events to support sales of OCOP products
- Hanoi Agricultural Products and Handicrafts Village Festival generates US$1.2 million in sales
- Hanoi applies high-tech in urban agricultural development
- Hanoi Farmers Association drives change by innovation and collaboration