Orientation of Vietnam's rice export on the international market

11:06, 10/07/2017

On July 03, 2017, the Prime Minister of Vietnam signed Decision No. 942/QD-TTg approving the rice export market development Strategy of Vietnam in the period of 2017-2020 with vision to 2030.

The orientation of Vietnam's rice export on the international market is as follows:

- Asian market:

+ Strengthen and maintain market share of Vietnamese rice in rice import structure of China at high level;

+ Strive to increase the market share of Vietnamese rice in comparison with total rice import turnover of Korea and Japan from less than 2% in 2015 to about 3% in 2020 and 4 – 5% by 2030.

- African and Middle Eastern markets:

+ Assist domestic enterprises in researching markets and establishing a connection with major rice importers in Iranian and Iraqi markets;

+ Strive to increase the share of Vietnamese rice in comparison to total rice imports in these markets from less than 2% in 2015 to 3% in 2020 which is expected to reach 5% by 2030.

- European market: Strive to increase the market share in some European countries from less than 2% in 2015 to 4% by 2020 which is expected to reach 6% by 2030.

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