Deputy Minister of Agriculture and Rural Development Trần Thanh Nam met with a World Bank (WB) delegation to discuss preparations for signing the Emission Reduction Payment Agreement (ERPA) with the Transformative Carbon Asset Facility (TCAF).
Agriculture ministers of Việt Nam and the Philippines agreed to establish a rice industry alliance between the two countries and upgrade the trade relationship into an investment partnership.
Though the prices of Vietnamese 5-per cent broken white rice fell US$20 per tonne in a week, most local rice exporters said the decline would make sales easier.
Viet Nam’s rice exports have expanded during the pandemic to surpass rival Thailand in price for the first time in three decades, leading experts to suggest the sector should consolidate its position.
After the Government took steps to prevent rice prices from falling in February, prices have started to inch up in the Cuu Long (Mekong) Delta – the granary of Viet Nam – though not by much.
A Vietnamese company has won a bid to export 60,000 tonnes of Japonica brown rice to South Korea, defeating competition from rivals of China, Thailand and Australia.
The Viet Nam Food Association (VFA) has set the target for rice export at 5.7 million tonnes this year, up 800,000 tonnes from 2016, amid rising global demand.
The country should halve its rice exports from the normal 7-8 million tonnes until 2020 because of difficulties exporters face and falling production due to climate change, according to the Viet Nam Food Association.
Viet Nam''s rice exports in the first half of the year fell by 32 per
cent over the same period last year, mostly due to competition from
other countries, the Viet Nam Food Association (VFA) has said.