Vietnam rice exporter doors thanks to FTA

Vietnam rice exporter doors thanks FTANhu global rice demand will reach 500 million tons in the next 10 years, while the free trade agreement will help Vietnam to further opening the market.
Agricultural exports artificially depressed after unrest yuan / Exports plummeted
Identified above are many ideas shared at the workshop on the scheme restructuring the rice sector took place in Hanoi on 25/8. According to Deputy Director, Institute of Policy and Strategy for Agriculture and Rural Development (IPSARD) - Dr. Tran Cong Thang, Asia accounts for about 2/3 of total world demand for rice in 2030, especially the demand for with all kinds of high-quality rice.

Meanwhile, many importing countries can not boost production by limited natural conditions and resources luc.Vi So rice import demand continues to grow with an average rate of 1.5% per year.

In addition, opportunities for expanded rice export market when Vietnam join a growing number of free trade agreements, customs union. Along with that, business investment, improvement of infrastructure, the development of science and technology of breeding, cultivation, preservation, processing, ... are factors to promote rice production sector.

Regarding exports, according to experts IPSARD, Vietnam and Thailand will account for over 47% of world rice exports in the next few years, contributing 87% to the growth of commodity exports worldwide. Besides Thailand, the competitors of Vietnam would include India, Pakistan, Myanmar and the United States ... promising to become a major rice exporter in Asia, but the ability to compete with Vietnam is unclear clear.

According to the Cultivation Department (Ministry of Agriculture), from the beginning of this year, rice exports faced many difficulties and expected the situation there is not much change much in the next 1-2 years. In addition to the land issue, the rice sector is facing many challenges such as changing demand, competitive pressure from other exporting countries, policies to reduce imports sufficiency of partners, fluctuation Rice prices. However, considering the medium and long term in the agency said Vietnam still many opportunities to export rice.

Therefore, the Scheme Restructuring Vietnam rice is being authorities consult the relevant units, which mentions a number of measures for each production area. Accordingly, the Mekong Delta focus towards high quality seeds is the main export. Red River Delta and the areas of commercial rice, remaining focused on the domestic market.