#Vietnamese rice

In a recently published report, HSBC Vietnam posits that the recurring El Niño, after an absence of three years, could heighten the threat of droughts, water scarcities, and potential disruptions in trade across the ASEAN region.

In order to penetrate deeply into the UK market and became the premium rice product, Vietnam must devise a strategy aimed at improving its rice quality, as well as working out a plan to build a suitable rice brand.

Local businesses have been recommended to focus on niche markets, rice products with organic standards, and abide by market requirements in order to enter the Nordic market in the future.

PSNews -  Thanks to the EU - Vietnam Free Trade Agreement (EVFTA), Vietnam exported 22,500 tonnes of rice to the EU for nearly 18 million USD in the first quarter of 2022, roughly a four-fold increase in both volume and value compared to the same period last year.

A promotion programme titled ‘Viet Nam, Land of World’s Best Rice’ will present 10,000 bags of Vietnam’s Ban Mai Cung Dinh rice to consumers in Australia.

The Ho Chi Minh City Customs Department has detained three shipments of rice passing through Cat Lai port after detecting signs of fraud relating to their Vietnamese origin.

PSNews - The Vietnam Trade Office in Australia has said it has taken measures to protect Vietnamese rice trademarks after an Australian firm registered for trademark protection of rice varieties ST24 and ST25.

In 2018, Vietnam’s total rice exports reached 6.15 million tonnes, with export turnover of 3.15 billion USD. The industry saw a 5.7 percent increase in volume and a 19.6 percent increase in value compared to 2017.

Rice is one of Vietnam's major exports and Vietnam has maintained the position as one of the world's top ten biggest rice exporters for many years.

The prospect of the Vietnamese rice export sector later this year is forecast to be bright given the nation’s recent successful bids for supplying rice for Indonesia and the Philippines.