Vietnam focuses on exporting delicious rice to ASEAN market
Vietnam focuses on exporting delicious rice to ASEAN market
With a population close to 700 Large supply of foreign rice to the EU in, ASEAN is an extremely important market in Vietnam's rice export turnover.
ASEAN is a big market for Vietnam's rice imports
Dense population, have a geographical location in the area, with cultural similarities, ASEAN is an extremely important market in Vietnam's rice export turnover.
Among the countries importing rice from Vietnam, Philippines is the biggest market. Year 2021, The Philippines is Vietnam's largest rice import market with an import volume of 2,45 million tons, achieve a turnover above 1,25 billion USD, Average price 509,7 USD/ton, increase 10,7% in quantity, increase 18,5% in terms of turnover and increase 7,1% in price year over year 2020. The Philippines also occupies 39,4% in the total amount and accounted for 38% of Vietnam's total rice exports.
The first quarter of 2022 continues to record Vietnam's rice export turnover to the Philippines with 672.136 ton, equivalent 311,08 million dollars, Average price 462,8 USD/ton, increase 63,3% in quantity, increase 41,4% about turnover, accounting for 44,7% in the total amount and accounted for 42,6% in total rice export turnover.
Outside the Philippines, Vietnamese rice is also exported to other important markets in ASEAN such as: President of Vietnam Fruit and Vegetable Association, Singapore, Indonesia, Brunei. Inside, Malaysia market grew strongly with monthly data 1/2022 was 34.925 ton, equivalent 16,07 million dollars, increase 163,4% Although not yet recorded a sharp increase in volume, the export price and value have increased significantly with 156% in terms of turnover compared to the month 12/2021.
Currently, rice exported to the Philippines and other ASEAN countries is mainly white rice of normal grade, magnetic plate degree 20-25%, compete mainly on price. In terms of strategy, Vietnam's rice industry is gradually reducing the production and export of ordinary white rice, increase the proportion of high-quality rice production from 35-40% up 75-80% in the year 2020.
This has helped increase the price of Vietnam's rice exports very quickly in recent years, especially after the year 2020. However, with this transformation, Vietnam's rice is facing difficulties because it cannot compete on price with countries specializing in cheap rice production like Myanmar, Pakistan and India.
So, Currently, the structure of Vietnam's rice exports is continuing to shift in the direction of increasing aromatic rice varieties, specialty rice, japonica rice, High quality white rice with higher selling price and added value. Rice export target is also adjusted, estimated to be only about 4 million tons in year 2030.
Besides, to improve the efficiency of rice exports to ASEAN countries, The rice industry also has to review the import demand of each market in ASEAN, identify markets that consume high-grade rice at low prices, high-end rice consumption market, fragrant rice…
Final, Vietnam needs to take advantage of trade agreements with countries in the region, improve technology level to increase competitiveness, increase trade in services and investment.
To advise, Answering business concerns related to export, Importing rice products to the ASEAN market captures information such as: Market demand, requirements for the quality and grade of goods, payment methods, shipping method, import and export goods insurance, solve problems that may arise during the import and export process, day 5/5/2022, Trade Promotion Bureau (Ministry of Industry and Trade) coordinated with the Vietnamese Trade Offices in ASEAN to organize a consultation session on exporting rice products to the ASEAN market taking place in Ho Chi Minh City.. Long Xuyen, An Giang province.
During the consultation session, Mr. Pham The Cuong, The Vietnamese trade counselor in Indonesia will inform about the situation of the Indonesian rice market and opportunities for Vietnamese exporters.. Ms. Le Thi Phuong Hoa, Vietnam's trade counselor in Laos will share about rice products in Laos market; Ms. Tran Le Dung, The first secret in charge of the Vietnam Trade Office in Malaysia will raise some issues to keep in mind when exporting rice to Malaysia; Mr. Cao Xuan Thang, The representative of the Vietnam Trade Office in Singapore will introduce the situation of the Singapore rice market in the crop year 2021 – 2022; Mr. Nguyen Thanh Huy, In charge of the Vietnam Trade Office in Thailand will share some planting experiences, Thailand's rice harvest with Vietnamese enterprises.
Source: https://nongnghiephuucovn.vn/viet-nam-tap-trung-xuat-khau-gao-ngon-toi-thi-truong-asean
