The import licenses for the additional quota would be issued soon by its Ministry of Trade once legal procedures are completed, it said.

It will increase the country’s rice imports to 3.6 million tons this year.

Bags of rice at a store in HCMC's Go Vap District.

Vietnamese exporters could capitalize on this opportunity, but would have to compete on price with many other countries, according to the head of a government agency in Dong Thap Province, one of the largest rice producers in the Mekong Delta.

According to the official, Vietnam has advantages in terms of delivery times and quality, but its prices are high.

"If businesses offer competitive prices, the chances of winning bids will be better."

The trade office advised businesses to push exports in the early months of the year since Indonesia’s main rice harvest has been delayed by two to three months due to a water shortage caused by the El Nino phenomenon.

Indonesia imported 441,930 tons of rice in January, an 82% increase year-on-year, including 32,340 tons from Vietnam.

Thailand accounted for 129,780 tons.

Last month seven Vietnamese companies won a bid to export 300,000 tons of rice to Indonesia.

Last year Indonesia was the second largest importer of Vietnamese rice, buying over 1.1 million tons or nearly nine times the volume it had imported in 2022.

Bac Giang’s farm produce sold out at high price

BAC GIANG - These days, people are hustle and bustle in shopping consumer goods for the upcoming Lunar New Year. Besides technology products such as cakes, candies, soft drinks, many products under One Commune One Product program (OCOP) and processed farm produce of Bac Giang province are also luring customers, with highly increased prices.

Public-private partnership highlighted in high-quality rice production project

Effective public-private partnership and support from partners are key to the success of the project on developing 1 million hectares of high-quality, low-emission rice linked with green growth in the Mekong Delta region by 2030, Minister of Agriculture and Rural Development Le Minh Hoan said at a talk on January 30.

Over 160 merchants eligible to export rice

As many as 161 merchants had been granted certificates of eligibility for exporting rice as of January 22, decreasing from mid-2023, reported the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).

Rice exports soar to record 8.3 million tonnes

Vietnam’s rice production in 2023 stood at 43.5 million tonnes, an increase of 1.9%, adequately meeting domestic consumption, processing, animal feed production, and exports, which set a record of nearly 8.3 million tonnes.

Luc Ngan farmers enjoy bumper orange season with high selling price

BAC GIANG - Recently, the price of oranges in Luc Ngan district (Bac Giang province) has increased. Many traders have come to place order in different gardens. Local people are focusing on harvesting the fruit and earning billions of VND from the orange crop during Tet occasion.

Source: VnExpress