Despite positive results in rice export so far, experts held that domestic firms should carefully evaluate the demand of major export markets to design suitable strategy for the rest of the year. According to Nguyen Phuc Nam, Vice Director of the Asia-Africa Market Department under the Ministry of Industry and Trade, Asia and Africa, which are massive markets with 117 countries and territories and a total population of 6.5 billion, accounting for 80% of the world population, have been important export markets of Vietnamese rice. Of the 8.3 million tonnes of rice Vietnam shipped abroad in 2023, 7.34 million tonnes, or 90%, were consumed in Asia and Africa at a cost of more than 4.1 billion USD. In the first quarter of 2024, Vietnam’s export of the grain to these markets continued to rise.
Source: Vietnam News Agency
