Rice exports are likely to hit a record high of nine million tonnes in 2024, given a total volume of nearly 8.5 million tonnes shipped abroad in the first 11 months, according to insiders.
According to the Việt Nam Pepper and Spice Association (VPSA), Việt Nam is the world’s largest cinnamon producer with a total plantation area of 180,000 ha and has become the world’s largest exporter of cinnamon products since 2021.
Since the EU-Việt Nam Free Trade Agreement (EVFTA) came into effect in August 2020, the European Union (EU) has emerged as a leading trade partner for Việt Nam. Vietnamese businesses could unlock significant opportunities from the EVFTA if they know...
In October, Việt Nam shipped 7,260 tonnes of rubber to Malaysia, generating US$11.47 million in revenue, marking an impressive year-on-year increase of 861 per cent in volume and 1,240 per cent in value.
The UKVFTA took effect on May 1, 2021, with a preferential tariff quota granted to Việt Nam at a tax rate of zero per cent, enabling UK buyers to have more choices of rice varieties from Việt Nam.