The solution for Vietnamese rice to dominate the EU market

Published 2022년 8월 5일

Tridge summary

The article outlines the current state of rice exports from Vietnam to the European Union (EU) following the implementation of the EU-Vietnam Free Trade Agreement (EVFTA). While the market has shown growth, the EU is not a major rice import market for Vietnam due to a quota of only 80,000 tons under the EVFTA and its lower rice consumption compared to other regions. Vietnamese businesses have successfully exported ordinary milled rice but face challenges in taking advantage of the quota for fragrant rice due to certification difficulties. To thrive in the EU market, Vietnamese businesses must ensure compliance with EU regulations on raw material standards and pesticide residues. Additionally, early registration with EU authorities and strategic partnerships with EU import partners are crucial for building a strong rice brand in the region. Currently, Germany is the primary EU country importing Vietnamese rice, which is then redistributed to other EU countries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Talking to the Vietnam News Agency correspondent in Brussels, Mr. Tran Van Cong, Vietnam's agricultural counselor in the EU, made comments and assessments on this issue. According to Mr. Tran Van Cong, rice exports to the EU market in recent years have prospered. However, the EU is not a large rice import market for Vietnam because the EU only sets aside a quota of 80,000 tons for rice in the EU-Vietnam Free Trade Agreement (EVFTA). Another reason is that the EU is also not a big rice consuming market compared to other markets. In the past time, since the implementation of EVFTA, Vietnamese enterprises have made efforts to export rice to the EU market according to the quota granted. Mr. Tran Van Cong said that for ordinary milled rice, businesses have made full use of quotas. Particularly, milled rice, exported to the EU, is very small. According to the commitment is 20,000 tons, but Vietnamese enterprises have only implemented a very small part. Vietnamese enterprises have ...

Source: Vinanet