Orientation for the Development of Vietnam's Rice Export Market to Asia until 2023: Regulations and Provisions
Development Orientation for Vietnam's Rice Export Market in Asia by 2023
Based on sub-clause a, Clause 2, Chapter III, Article 1 of Decision 583/QD-TTG of 2023, the development orientation for the Asian market is regulated as follows:
- For the Northeast Asian market: Strive to increase Vietnam's rice market share in South Korea's total rice import turnover from 8.7% in 2021 to around 20% in 2025 and approximately 23% in 2030. The market share in Japan's market from 0.1% in 2021 to around 0.5% in 2025 and approximately 1% in 2030.
- For the Southeast Asian market: Maintain the rice export market share to countries in the region, especially key markets such as the Philippines, Indonesia, Malaysia, etc.
- Continue to consolidate, maintain and expand market share in major traditional markets, especially China and other areas.
Development orientation for Vietnam's rice export market in Asia by 2023 as regulated.
Development Orientation for Vietnam's Rice Export Market in Africa and the Middle East by 2023
Based on sub-clause b, Clause 2, Chapter III, Article 1 of Decision 583/QD-TTG of 2023, the development orientation for the African and Middle Eastern markets is regulated as follows:
- Strengthen cooperation relationships in market development with countries, focusing on negotiating and signing Memorandums of Understanding and agreements on rice trade with countries that have a demand for rice imports. Promote penetration into African markets, particularly in countries with high consumption and import of rice.
- Increase the organization of seminars and conferences to share information and provide consultancy for businesses to enhance exchange, connectivity, and better understand the potential, opportunities, challenges, and guidelines when trading with the African market.
- Organize forums to share experiences and sustainable solutions to promote trade growth between Vietnam and African countries.
- Utilize high-quality white rice export channels to the Saudi Arabian market and the United Arab Emirates.
- Strive to increase Vietnam's rice market share in Saudi Arabia's total rice import turnover from 1.7% in 2021 to around 8% in 2025 and around 10% in 2030;
- The market share in the United Arab Emirates to rise from 7.1% in 2021 to around 9% in 2025 and about 10% in 2030.
- Strive to increase Vietnam's rice market share in South Africa’s total rice import turnover from 0.7% in 2021 to approximately 1.5% in 2025, around 2% in 2030; maintain a stable market share in Ghana and Ivory Coast.
Development Orientation for Vietnam's Rice Export Market in Europe by 2023
Based on sub-clause c, Clause 2, Chapter III, Article 1 of Decision 583/QD-TTG of 2023, the development orientation for the European market is regulated as follows:
- Efficiently utilize free trade agreements with regions such as EVFTA, UKVFTA, and EAEU to increase rice export volumes into the region, corresponding to market potential.
- Strive to increase Vietnam's rice market share in the total rice import turnover of the Eurasian Economic Union:
+ The market share in the Russian Federation to rise from 1.6% in 2021 to around 7% in 2025, and approximately 10% by 2030.
+ The market share in Belarus remains stable at around 25%.
- Strive to increase the market share in some European countries such as:
+ France from 2.3% in 2021 to around 2% in 2025 and about 3.5%;
+ Germany from 1.8% in 2021 to approximately 2% in 2025 and around 2.5% in 2030;
+ Czech Republic from 7.7% in 2021 to around 8.5% in 2025 and approximately 10% by 2030.
Development Orientation for Vietnam's Rice Export Market in the Americas and Oceania by 2023
Based on sub-clause d, Clause 2, Chapter III, Article 1 of Decision 583/QD-TTG of 2023, the development orientation for the American and Oceanian markets is regulated as follows:
- Focus on developing the Vietnamese rice market in CPTPP member countries (Canada, Chile, Mexico, and Peru).
- Continue supporting Cuba to stabilize the rice market and develop local rice production based on a special traditional relationship, promoting joint venture investment forms for rice production based on feasibility and mutual benefits.
- Strive to increase the market share in the U.S. market from 1.5% in 2021 to around 3% in 2025 and about 5% in 2030.
- Strive to increase the market share in the Mexican market to 0.2% in 2025 and about 0.5% in 2030;
- The market share in Haiti from 6.5% in 2021 to around 8% in 2025 and approximately 10% by 2030.
- Strive to increase the market share in the Australian market from 14% in 2021 to around 16% in 2025 and approximately 19% by 2030.
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