Vietnam: What needs to be done to regain growth in rice exports to China?

Published 2024년 12월 25일

Tridge summary

Vietnam's rice exports to China are declining due to increased competition and higher quality standards set by China. The country is importing more low-cost rice from other countries and limiting the number of rice exporters from Vietnam. However, there are opportunities for Vietnamese rice to be competitive through branding and innovation. The Vietnam Food Association is organizing a rice trade promotion event in China to connect Vietnamese rice enterprises with Chinese businesses and explore opportunities for boosting rice trade.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

China has long been one of the largest markets for Vietnamese rice. However, rice exports to this market are facing fierce competition, leading to a decline in export turnover. So, what should producers and exporting businesses do to maintain this traditional market? Rice exports to China face difficulties According to the Ministry of Agriculture and Rural Development, in the first 11 months of 2024, Vietnam's rice exports reached nearly 8.5 million tonnes and generated 5.31 billion USD, an increase of 10.6% in volume and 22.4% in value compared to the same period last year. Not only has the price risen significantly compared to previous years, but the current price of Vietnamese rice is also among the highest globally. As of December 4, 2024, the price of Vietnam's 5% broken rice was 517 USD per tonne, far surpassing Thailand (499 USD per tonne), India (451 USD per tonne), and Pakistan (453 USD per tonne). However, the picture of Vietnam's rice export market is not entirely ...
Source: WTOCenter

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