Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
Vietnam ships first batch of rice in 2021
Ngoc Mai 16:51, 2021/01/13
This special shipment will be delivered to Malaysia and Singapore, those among Vietnam’s top 10 rice buyers.

The Ministry of Agricultural and Rural Development (MARD) today [January 13] held a ceremony marking the export of Vietnam’s first batch of rice in 2021 at Trung An Hi-tech Farming Company, located in the southern city of Can Tho.

 Overview of the ceremony. 

This special shipment with volume of 1,600 tons will be delivered to Malaysia and Singapore, those among Vietnam’s top 10 rice buyers.

Deputy Minister of Agricultural and Rural Development Le Quoc Doanh said the event marks an important milestone as Vietnam has just recently signed the Regional Comprehensive Economic Partnership (RCEP) on November 15, 2020, consisting of 10 ASEAN members and five countries having a free trade deal with the bloc (China, South Korea, Japan, Australia, New Zealand).

“Over the years, Vietnam has been pushing for a comprehensive global economic integration, which have resulted in the signing of 15 free trade agreements, and two under negotiation,” noted Mr. Doanh. 

“Among those, the commitment for tariff reduction in the EU-Vietnam Free Trade Agreement (EVFTA) and RCEP are of the highest level among next-generation trade deals that Vietnam is a part of,” he said.

According to Mr. Doanh, the signing of these trade deals will provide opportunities for Vietnam’s agricultural products, including rice, to further penetrate international markets.

To ensure the realization of Vietnam’s commitments in FTAs, the MARD has revised a number of legal documents to ensure their compatibility with international practice, including in agricultural trade.

Mr. Doanh referred to Decree No.103/2020/ND-CP dated September 4, 2020 on certification of fragrant rice varieties exported to the EU, or Vietnam’s standards for white rice, fragrant rice and glutinous rice.

“The MARD fully supports enterprises and provinces/cities in forming production chains to ensure safe and high-quality products,” he added, requesting local firms to continue focusing on organic farm produce with high economic value and environmental-friendly.

“There should be a higher level of processing to create greater added value and grasp opportunities from preferential treatment in FTAs for agricultural products,” Mr. Doanh concluded.

General Director of Trung An Hi-tech Farming Pham Thai Binh said many local rice producers have recently signed major contracts with not only their traditional partners in Asia, but also in Europe.

“This is a welcome news and signal a good year for Vietnam’s rice exports,” Mr. Binh suggested.

Secretary General of Vietnam Food Association (VFA) Nguyen Trung Kien said despite a lower export volume, 2020 marked a successful year for Vietnamese rice with a surge in value, showcasing the rise of Vietnamese rice on the global stage.

In 2020, Vietnam exported 6.15 million tons of rice worth US$3 billion, down 3.5% year-on-year in volume but up 9.3% in value.

TAG: Vietnam rice exports VFTA food Malaysia Singapore EVFTA RCEP
Other news
17:31, 2023/09/27
Vietnam’s economy remains resilient amid weakening global demand
Vietnam’s economic growth is expected to expand by 5.8% in 2023 and later rebound to 6.0% in 2024.
16:38, 2023/09/25
Hanoi boosts e-commerce adoption in farm produce sales
Investing in building a strong brand presence and enhancing digital marketing skills are essential investments that can propel businesses forward in the digital transformation era.
13:10, 2023/09/20
US urged to recognize Vietnam’s market economy status
US Secretary of Commerce Gina Raimondo pledged to push for the swift recognition of Vietnam's market economy status.
17:46, 2023/09/17
Vietnam desires stronger ties between ASEAN and China
Vietnamese Prime Minister Pham Minh Chinh attended the opening ceremony of the China-ASEAN Expo 2023 and the China-ASEAN Business and Investment Summit 2023 in Nanning, Guangxi Province.
20:30, 2023/09/16
PM seeks stronger transport links with China's Guangxi Zhuang Autonomous Region
Guangxi should continue to take the lead in fostering exchanges and practical cooperation between the two countries.
13:46, 2023/09/16
Prime Minister Pham Minh Chinh touches down in China for Expo and summit
Upon his arrival, the Prime Minister visited Vietnamese booths and had meetings and discussions on cooperation with high-level Chinese officials and businessmen.