Approving the strategy to develop Vietnam's rice export market

Published 2023년 5월 27일

Tridge summary

Vietnam's Deputy Prime Minister, Le Minh Khai, has unveiled a strategic plan to enhance the country's rice export market until 2030. The strategy aims to diversify and stabilize rice export markets, increase the market share of Vietnamese rice, particularly in developed countries, and prioritize high-quality and value-added rice products. The plan also focuses on direct distribution channels in markets and aims to increase the direct export of rice under the 'Vietnam Rice' brand. The Asian market is expected to continue dominating rice exports, with a gradual shift towards high-quality, high-value-added rice. The strategy also emphasizes the need to reduce the export volume while increasing added value and efficiency, and to explore new and potential markets through free trade agreements.

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Original content

Deputy Prime Minister Le Minh Khai has just signed Decision No. 583/QD-TTg approving the Strategy to develop Vietnam's rice export market until 2030 (Strategy). The overall objective of the Strategy is to develop and diversify rice export markets with a reasonable, stable, and effective scale, market structure and product structure; consolidate traditional and key export markets and develop new and potential export markets, markets that have signed free trade agreements (FTAs); increasing market share of Vietnamese rice in export markets, especially in developed countries. Associating the export market with domestic production according to the value chain, ensuring the quality and safety of exported rice; increasing the introduction of Vietnamese rice products and products processed from rice into direct distribution channels in markets; export rice and rice-based products with high quality and value, improve value, ensure sustainable export efficiency, affirm the prestige and ...

Source: Vietstock