Trade and markets
 

Detail

Area
Vietnam
Commodity Group
Rice
Commodity
All
Date
03/07/2017
Policy Category
Trade
Policy Instrument
Export strategy
Description
Approved a rice export development strategy for 2017-2020, with a vision to 2030. The document lays out an annual export target of 4.5-5.0 million tonnes of rice for 2020, valued at USD 2.2-2.3 billion. The country would strive to shore up the value of its rice exports to USD 2.5 billion between 2021 and 2030, while gradually reducing volumes shipped to 4.0 million tonnes. The composition of rice shipments would be restructured, such that deliveries of Indica white rice accounted for 25 percent of overall exports by 2030, while the share of fragrant, Japonica and other specialty rice was raised to a combined 40 percent, that of glutinous rice to 25 percent and of other types to 10 percent. In addition, the country would seek to reduce the share of Asian shipments in overall exports to 50 percent by 2030, while raising its market share in all other regions, especially the Americas, Africa and the Near East.