Ministry building long-term strategy on rice exports, market stabilisation: official

The Ministry of Industry and Trade (MoIT) is building a long-term strategy on rice export and market stabilisation, following bans by several countries, according to Deputy Director of the MoIT's Import-Export Department Tran Quoc Toan.
Ministry building long-term strategy on rice exports, market stabilisation: official ảnh 1Vietnam can export over 7.5 million tonnes of rice this year. (Photo: VNA)
Hanoi (VNA) – The Ministry of Industry and Trade (MoIT) is buildinga long-term strategy on rice export and market stabilisation, following bans by several countries, according to Deputy Director of the MoIT's Import-Export Department Tran Quoc Toan.

Toan said that export bans byIndia, the United Arab Emirates and Russia, adverse impacts of El Nino, andRussia’s withdrawal from the Black Sea grain deal have strongly influenced theglobal rice supply, thus raising concerns about world food security as well asaffecting the economic recovery of many countries as the inflation situationhas not improved.

He cited data of the Ministryof Agriculture and Rural Development as saying that so far this year, the country hasbeen planting 7.1 million hectares of the grain, with a total estimated outputof around 43.1 million tonnes, 452,000 tonnes higher than that of the previousyear. With the yield, in addition to serving domestic needs, Vietnam can exportover 7.5 million tonnes this year. In the first seven months, 4.83 million tonneswere shipped abroad.

At present, the MoIT iscontinuing to closely coordinate with other ministries, sectors and localities to monitorthe market situation and promptly grasp difficulties and problems of relevant enterprises,so as to propose solutions to remove obstacles and facilitate rice exportactivities from now to the end of this year, said the official.

Ministry building long-term strategy on rice exports, market stabilisation: official ảnh 2Harvesting rice in the Mekong Delta region. (Photo: VNA)
The ministry will coordinate with related agencies in implementing tradepromotion programmes in both traditional and online forms in accordance withthe new situation to enhance the value of Vietnam's rice products.

At the same time, it will coordinatewith the Ministry of Foreign Affairs and the Ministry of Agriculture and Rural Developmentto well exploit preferential mechanisms of signed free trade agreements (FTAs) toactively negotiate with foreign partners in order to diversify export markets,occupy new and potential ones, and improve Vietnam’s competitiveness.

Guidance and support will beprovided to help traders and exporters improve their production and businesscapacity; and increase their capacity to negotiate, sign and perform exportcontracts and effectively handle international trade disputes.

Efforts will be made tocontrol supply and prices, and prevent the transportation and trading of riceof unknown origin, added Toan./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.