vietnam is a rice export country

Minh-Ngoc Nguyen. In 2021, the volume of rice exported from Vietnam reached 6.2 million metric tons. Rice production plays an important role in the agriculture sector of Vietnam, as rice is a TAM TAM TAM TA JOINT STOCK COMPANY. Exporter of Vietnam. 55/10 Le Thi Hong Gam, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City. Dried fish rice (15kg / pack; 1 package / ctn), made in vietnam, made at sai gon tam tam joint stock company # & vn. View Shipments. The company had previously won bids to export large volumes of rice to the Republic of Korea and the Philippines. Over the past three years, the number of export markets for Vietnamese rice has increased from 60 to 150 countries and territories, including Latin American and Middle East nations. Vay Tiền Nhanh Chỉ Cần Cmnd Asideway. Exports In 2021, Vietnam exported $ in Rice, making it the 3rd largest exporter of Rice in the world. At the same year, Rice was the 24th most exported product in Vietnam. The main destination of Rice exports from Vietnam are Philippines $ China $522M, Ghana $394M, Cote d'Ivoire $218M, and Malaysia $138M.The fastest growing export markets for Rice of Vietnam between 2020 and 2021 were Philippines $181M, Ghana $111M, and China $ In 2021, Vietnam imported $691M in Rice, becoming the 8th largest importer of Rice in the world. At the same year, Rice was the 101st most imported product in Vietnam. Vietnam imports Rice primarily from Cambodia $391M, India $259M, China $ Laos $ and Thailand $ fastest growing import markets in Rice for Vietnam between 2020 and 2021 were Cambodia $309M, India $244M, and Laos $ In 2019, the average tariff for Vietnam in Rice was The countries with the highest import tariffs for Rice were Angola Non-MFN duty rate for countries excluded from Most-Favoured- Nation MFN treatment, 40%, Burundi Non-MFN duty rate for countries excluded from Most-Favoured- Nation MFN treatment, 40%, Benin Non-MFN duty rate for countries excluded from Most-Favoured- Nation MFN treatment, 40%, Burkina Faso Non-MFN duty rate for countries excluded from Most-Favoured- Nation MFN treatment, 40%, and Botswana Non-MFN duty rate for countries excluded from Most-Favoured- Nation MFN treatment, 40%.Latest Trendspermalink to sectionApr 2023Subnational Monthly Tradepermalink to sectionViewFlowY-AXIS SCALEValuecaret-downFor a full breakdown of trade patterns, visit the trend explorer or the product in country following visualization shows the latest trends on Rice. Countries are shown based on data availability.* Using January 2020 exchange rates when trade data is reported in local Latest TrendsHistorical Datapermalink to sectionTrade Balancepermalink to sectionColorYearcaret-downEXPORTS 2021 $ 2021 $691MNET TRADE 2021 $ 2021, Vietnam exported $ in Rice. The main destinations of Vietnam exports on Rice were Philippines $ China $522M, Ghana $394M, Cote d'Ivoire $218M, and Malaysia $138M.In 2021, Vietnam imported $691M in Rice, mainly from Cambodia $391M, India $259M, China $ Laos $ and Thailand $ VisualizationsMarket Growthpermalink to sectionFlowStartingcaret-downEndingcaret-down Vietnam is on track to export million tons of rice in 2022, the second-highest export volume in the country's rice exports continue to beat records with strong growth in both volume and revenue, showcasing the agricultural sector's efforts to meet the high standards of the global VENData from the Ministry of Agriculture and Rural Development MARD reveal that Vietnam's rice exports reached a monthly record of 713,546 tons in October, bringing in US$341 million, up in quantity and in value from the previous the ten months, the total volume of rice for exports stood at over six million tons worth nearly $3 billion, up in quantity and in value year on Minister of Agricultural and Rural Development Phung Duc Tien said the total export volume in 2022 would be tons, the second-highest rice export volume in the history of Vietnam’s rice production average rice export price during the ten months was estimated at $484 per to the MARD, the Philippines is Vietnam’s largest rice buyer, with million tons, or 45% of Vietnam’s rice exports, for $ to other high-standard markets has also witnessed substantial growth, including the US up and the EU Vietnam Food Association VFA suggested after two years of implementing the EU-Vietnam Free Trade Agreement EVFTA, Vietnamese rice has gradually cemented its place in the EU VFA added Vietnamese high-quality and fragrant rice, such as ST24, ST25, or Jasmine are fast becoming the market’s currently allocates a quota of 80,000 tons for Vietnam’s rice at a preferential tariff of zero. The VFA expected Vietnam to export at least 60,000 tons of rice to the bloc this is also worth mentioning that the prices of Vietnam’s rice are currently at the top of the market thanks to its high October, its 5%-broken rice averaged $425-$430 per ton, the highest since last November. The rates are higher than direct competitors' prices, such as India by $48-$51 per ton or Thailand by $18-$23. On the contrary, Thailand’s 5%-broken rice prices declined by $28 per ton from $435 to $407, its lowest since July Vice Chairman Do Ha Nam attributed the high rice export growth to the appreciation of the US dollar, saying the price’s upward trend may last until late on major marketsAccording to the MARD, Vietnam produces 22-23 million tons of rice annually, but only 15% are exported to ensure national food further facilitate rice export, Deputy Director of the MARD’s Department of Agricultural Products Processing and Market Development Le Thanh Hoa urged local firms to focus on the Chinese market, which remains among the world’s Hoa noted that the market is changing regarding requirements for imported products, from sanitary control, packaging, and labeling to traceability of only 22 Vietnamese companies are qualified to export rice to China with a limited amount.“In the past years, Vietnam was allocated a quota of over 2 million tons of rice per year to the market, but the amount has gradually exhausted. We are working with the Chinese counterparts to add more rice traders to the export list,” Hoa addition to China, the MARD suggested the EU and UK are potential markets due to high demand and free trade agreements between Vietnam and these two partners. “Local traders should work closely with rice producers and suppliers to ensure products meet technical standards of the import markets,” stated the Minister of Agricultural and Rural Development Phung Duc Tien said the agency is working with the Ministry of Industry and Trade to monitor the market situation and provide information for traders to promote rice the long term, Tien expected a focus on restructuring rice production, concentrating on high-quality rice products, and promoting brands for Vietnamese Hanoi Times Dublin, Aug. 10, 2022 GLOBE NEWSWIRE - The "Research Report on Vietnam's Rice Industry 2022-2031" report has been added to offering. Vietnam is rich in rice, tropical crops and aquatic products and is a major exporter of agricultural products in Southeast Asia, and the third largest exporter of rice in the world. According to the analyst's analysis, Vietnam's rice export value reached billion in 2021, and rice has become a bright spot in Vietnam's agricultural products exports. This is a remarkable achievement of the rice industry for many years, especially in the context of natural disasters and COVID-19 epidemic that hit Vietnam's agriculture in 2020 in terms of production and 2021, Vietnam's total rice production was about 44 million tons, meeting the demand for domestic consumption, processing, poultry and livestock feed, and export, etc. In 2020, its rice exports grew against the backdrop of a decline in exports of many of Vietnam's long-dominant agricultural products due to the COVID-19 epidemic. In 2021, rice exports increased from million tons to million terms of price, the average price of Vietnam's rice exports in 2021 dropped percent year on year to $477 per ton. At the beginning of 2021, Vietnamese rice prices still maintained the highest position. On March 25th, Vietnamese rice with a 5% breakage rate rose to $515-520 per ton, Thai rice of the same variety to $500-518 per ton and Indian rice to $398-403. In January 2021, Vietnam's rice export price reached $ per the EU-Vietnam Free Trade Agreement EVFTA came into force on August 1, 2020, rice exports have rapidly seen an upturn. According to EVFTA, the EU provides Vietnam with 80,000 tons of rice for export at 0% tax rate annually including 30,000 tons of milled rice, 20,000 tons of unmilled rice and 30,000 tons of aromatic rice.For rice from Vietnam, the EU will reduce the import duty rate to zero in the coming years. Taking advantage of the above, from September 2020, Vietnam started to sell rice to the EU at a much higher price than before. Specifically, before EVFTA came into effect, the prices of ST20 rice and Jasmine rice exported to the EU were USD800 and USD520 per ton, respectively, while now the prices are over USD1,000 and USD600, to the analyst's analysis, there are three reasons for the rise in Vietnam's rice prices. Firstly, the government issued an agricultural restructuring proposal, by which the rice structure has been strongly adjusted, changing the rice cultivation protocols, paying more attention to improving rice quality rather than increasing 2015, Vietnam's quality rice seeds accounted for only 35%-40% of the total seeds, while in 2020 the Chart reached 75%-80%, and even in some places, the usage rate of quality rice seeds is as high as 90%.Secondly, Vietnam has signed many FTAs such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership CPTPP and the Europe-Vietnam Free Trade Agreement EVFTA with many countries, which creates conditions for a breakthrough in Vietnam's rice exports. Third, many industries were affected by the COVID-19 epidemic in 2020, but the market demand for food has not to the analyst's analysis, the Jiulong River Plain is the center of rice cultivation in Vietnam, contributing 50% of rice production and 95% of rice exports to Vietnam's 2020, the Jiulong River Plain cultivated more than million hectares of rice per season, with an average yield of 6 tons per hectare and an annual rice production of more than 24 million tons. Furthermore, its winter-spring rice production is expected to reach 10 million tons from 2020 to analyst reports that Vietnam's rice exports are to continue to rise in both volume and value in 2022-2031. Topics covered Overview of Vietnam's Rice IndustryEconomic and Policy Environment of Vietnam's Rice IndustryWhat is the Impact of COVID-19 on Vietnam's Rice Industry?Imports volumes and values of Vietnam's Rice, 2016-2021Forecast on Imports volumes and values of Vietnam's Rice, 2022-2031Analysis of Major Rice Companies in VietnamKey Drivers and Market Opportunities in Vietnam's Rice IndustryWhat are the key drivers, challenges, and opportunities for the rice industry in Vietnam during 2022-2031?What is the expected revenue of the Vietnam rice market during 2022-2031?What are the strategies adopted by the key players in the market to increase their market share in the industry?Which segment of Vietnam's rice market is expected to dominate the market in 2031?What are the major adverse factors facing the rice industry in Vietnam? Key Topics Covered1 Overview of Geographical Demographic Structure of Economy of Minimum Wage in Vietnam, Impact of COVID-19 on the Rice Industry in Vietnam2 Development Environment of Vietnam's Rice Brief History of Vietnam's Rice Types of Vietnam's Rice Policy Environment of Vietnam's Rice Industry3 Supply and Demand Situation of Vietnam's Rice Supply Demand Situation4 Import and Export Situation of Vietnam's Rice Import Import Volume and Import Main Import Export Export Volume and Main Export Destinations5 Market Competition in Vietnam's Rice Barriers to Entry in Vietnam's Rice Brand Quality Capital Competitive Structure of Vietnam's Rice Bargaining Power of Rice Bargaining Power of Competition in Vietnam's Rice Potential Entrants in the Rice Substitutes for Rice6 Analysis of Major Rice Brand Companies in Vilaconic Joint Stock Development History of Vilaconic Joint Stock Main Products of Vilaconic Joint Stock Operating Model of Vilaconic Joint Stock Vu Phat International Co., Cam Nguyen Rice Trading And Processing Limited Khanh Tam Company Hoa Lua Rice Trading Company SUNRISE INS Company Khue Star Import Export Trading Company Robert & Partners International Hanfimex Gia Son Phat Trading and Service Outlook on Vietnam's Rice Industry, Analysis of Vietnam's Rice Industry Development Drivers and Development Opportunities for Vietnam's Rice Threats and Challenges Facing Vietnam's Rice Forecast on Vietnam's Rice Forecast on Vietnam's Rice Market Forecast on Import and Export of Vietnam's Rice Industry For more information about this report visit Vietnamese Rice Market Vietnamese Rice Market Vietnamese Rice Market

vietnam is a rice export country