Vietnam earns US$1.4 billion from rice exports in Q1
Vietnam is targeting $5 billion in rice exports this year. The country currently ranks third in the world in terms of rice exports.
Vietnam is targeting $5 billion in rice exports this year. The country currently ranks third in the world in terms of rice exports.
The market will remain favorable for Vietnam's rice exports through the first quarter of 2023.
Vietnam is on track to export 7.2-7.3 million tons of rice in 2022, the second-highest export volume in the country's history.
Vietnam’s rice remains favorite in the international market despite fierce competition.
There has been progressing in Vietnam’s rice export as it has matched the national strategy for the diversification of rice export markets.
The US Department of Agriculture (USDA) noted the market is fond of fragrant rice from Vietnam, including the ST25, one of the world's best rice varieties.
Vietnam would be the third-largest rice exporter in 2022, behind India and Thailand, with shipments of around 6.4 million tons.