Rice export to hit four million tons in 2030

Vietnam strives to export four million tons of rice by 2030, according to a rice export market development strategy approved by the Prime Minister in the phase of 2017-2020 with visions till 2030.

Rice bags transported aboard in the Hau river in the Mekong Delta (Photo: SGGP)

Rice bags transported aboard in the Hau river in the Mekong Delta (Photo: SGGP)

Of the four million tons, white rice will account for 25 percent in which low and medium quality varieties will not exceed 10 percent of total export volume. Fragrant and specialty rice will make up 40 percent and sticky rice about 25 percent.
By 2030, the Asian market will account for 50 percent of Vietnam’s rice export turnover, Africa 25 percent, the Middle East 5 percent, Europe 6 percent and America 10 percent.
According to the strategy, the country will effort to gradually reduce commercial rice export volume but keep stable or increase value and hike the ratio of directly exported rice under Vietnamese brand names.

By LAM NGUYEN – Translated by Hai Mien

Other news


Bitcoin use might face criminal charge in Vietnam

The issue, supply and use of illegal means of payments including Bitcoin and other crypto currencies might face criminal charge according to Item 1, Article 26 of the Penal Code 2015, which has been amended and supplemented in 2017.

Self - introduction

Stock market

MoC sells 118.3million of DIG's shares

The Development & Investment Construction (DIG) Corp, said Ministry of Construction (MoC) has registered to sell 118.3 million shares accounting for 49.65 percent of DIG’s total capital within one month starting November 17.