Vietnamese rice exports will bring in $ 2.3 billion by 2020

The Ministry of Industry and Trade has sent a document to the Ministry of Finance, the Ministry of Agriculture and Rural Development, the State Bank of Vietnam, the Food Association and other relevant ministries and agencies on the implementation of the Market Development Strategy. Vietnam’s export market for the period 2017 – 2020 with orientation to 2030 has been approved by the Prime Minister.

This strategy is designed to improve competitiveness, build brand names for Vietnamese rice exporters and traders, and strengthen linkages in the value chain from production to consumption. Passive, export …

Strategies to identify market diversification, reduce dependence on certain markets, in line with the trend of international integration to exploit opportunities, potentials and advantages of free trade agreements. Since then, contribute to enhance the value, brand and prestige of Vietnamese rice.

The strategy is divided into two phases, from 2017 to 2020, annual rice exports reach 4.5-5 million tons, earning $ 2.2-2.3 billion per year.

In the period from 2021 to 2030, the annual rice export volume is about 4 million tons, worth 2.3 – 2.5 billion USD.

By the year 2020, the structure of export rice will also change, low-grade and medium-grade white rice will not exceed 20% of total rice exports, Japonica rice 30%, sticky rice 20%, other types of rice about 5% .

By 2030, white rice usually accounts for only 25%, average rice less than 10%, Japonica rice 40%, sticky rice 25%, other nutrient rice more than 10%.

The strategy clearly identifies the increase in the export of rice directly into markets, directly into the rice distribution systems of other countries. By 2020, rice exports to Asia account for 60% of total exports, African markets (about 22%), Middle East (2%), Europe (5%), Americas (about 8%), AUSTRIA (3%).

“It is necessary to shift the export market structure towards sustainability, exploit the demand in key markets, to develop new markets with many kinds of quality rice with high economic value.” The strategy emphasizes.

The Prime Minister’s approval also pays special attention to rice exports to markets such as Southeast Asia (Philippines, Indonesia, Malaysia), China, Japan and Korea.

“Promoting rice trade in the direction of stability, sustainability, efficiency, high quality rice, high brand value, direct distribution, maintain high market share of Vietnamese rice”, The Strategy mentioned.

In order to achieve the above objectives, the rice sector must be structured in terms of area and productivity to gradually reduce the output of rice commodities for export to 4.5-5 million tons in 2020 and 4 million tons in 2030. Change the cultivation of poor rice land to aquaculture, plant other crops …

In particular, the Government also mentions the branding of Vietnamese rice, improved post-harvest technology and processing of rice products. Encourage selection of good varieties, for high quality.

In addition, the Government determined to invest in international rice quality testing labs in the Mekong Delta to facilitate the quality control of rice exports, contributing to the improvement of Vietnamese rice grains to the national standard. fall. Support the registration of protection of intellectual property of the national brand of Vietnam rice in the form of certification marks in the country and abroad.

Many solutions in terms of technology, transport infrastructure, cooperative investment in post-harvest processing and socialization of infrastructure investment for logistics services for rice export have been mentioned to support the grain. Vietnamese rice to the world.

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