Vietnamese gov't approves rice export strategy

Source: Xinhua| 2017-07-11 12:28:34|Editor: Zhang Dongmiao
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HANOI, July 11 (Xinhua) -- The Vietnamese government has approved a national strategy to gradually lower volumes of rice for export but increase its value in the 2017-2020 period.

According to the strategy, Vietnam will annually export 4.5-5 million tons of rice worth 2.2-2.3 billion U.S. dollars from now to 2020, and 4 million tons worth 2.3-2.5 billion U.S. dollars between 2020 and 2030, the country's Ministry of Industry and Trade said on Tuesday.

Among types of rice for export from 2017 to 2020, some 45 percent will be white rice, 30 percent fragrant, special and Japonica rice, 20 percent sticky rice, and 5 percent value-added rice such as nutrient-enriched rice and organic rice.

Regarding markets, in the 2017-2020 period, 60 percent of Vietnamese rice for export will go to Asia, 22 percent to Africa, 8 percent to America, 5 percent to Europe, 2 percent to the Middle East and 3 percent to Oceania.

Vietnam shipped abroad nearly 3 million tons of rice totaling over 1.3 billion U.S. dollars in the first six months of this year, seeing respective year-on-year rises of 13.5 percent and 11.9 percent, said the country's General Statistics Office.