Rice continues to dominate Viet Nam’s export
Ha Noi (VNA) – With export turnover exceeding 1 billion USD since 2005, rice continues to top Viet Nam’s key export items, reaping substantial amounts of foreign currencies.In the first eight months of 2007, the country’s rice export turnover reached 1.15 billion USD, representing a year-on-year increase of 12 percent.
In order to meet domestic demand and improve farmers’ standards of living, since the first years of the renewal process, Viet Nam has issued many policies to encourage rice production. In particular, the government policy on giving land to farmers has created a strong driving force for rice production growth.
Thanks to these efforts, Viet Nam’s rice output has soared from 17 million tonnes in 1986 to over 31 million tonnes in 1999 and peaked at 35.8 million tonnes in 2005. The success has helped the country ensure sufficient food supplies for domestic consumption and for export.
Besides the growth in volume, the quality of Vietnamese rice has remarkably improved. Many localities in the country’s two rice bowls: the Mekong River Delta and the Red River Delta have paid attention to growing high-quality and specialised rice for exports.
From 1989, when the country started exporting rice, to 2006, Viet Nam exported a total of 52 million tonnes of rice, turnover and price reaching a peak in 2005. Viet Nam is now well-known as the world’s second largest rice exporter, behind Thailand.
The export structure has made positive changes with 25-percent broken rice down to 30 percent from 60 percent and 5-percent broken rice climbing to 50 percent. The gap in price of export rice from Viet Nam and Thailand has been shortened.
High rice quality and membership into the World Trade Organsiation (WTO) have created conditions for Vietnamese rice to expand its export markets. At present, Viet Nam’s rice is exported to more than 70 countries and territories worldwide, including Japan, the EU and the US.
Many economic experts predicted that Viet Nam may catch up with Thailand in rice export in the near future.
In an attempt to ensure the national food security and maintain the position of Vietnamese rice, the Ministry of Agriculture and Rural Development in its rice export strategy between now and 2010 plans to improve the rice quality in order to raise competitiveness and export value.
The ministry is increasing investment in high-quality rice growing programmes in the Red River Delta, the south central coastal region and the Mekong River Delta.-Enditem
được đăng bởi kude.punny @ 22:43
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