The price of Vietnam's 25% broken rice was up to 513 USD per tonne, marking the highest prices in history. (Photo: VNA) Hanoi (VNA) – Although the export ofgoods has faced many difficulties, there have been encouraging signals in the past two months as enterprises and state managementagencies have been actively implementing solutions to regain export momentum.
Phan Van Co, Marketing Director of VRICE Co.Ltd, said that India's official ban on rice exports will make world rice pricesincrease sharply in the coming time. Vietnam is in the world's top three riceexporters, so it will have advantages in shipping rice abroad, especially in terms ofselling prices, he added.
Vietnam’s 5% broken rice was offered at 533USD per tonne while those of Thailand, India and Pakistan were 541 USD, 493 USD and 533 USD,respectively. The price of Vietnam's 25% broke🍸n rice wasalso up to 513 USD per tonne, marking the highest prices in history, Co said,adding that the ꦍprices of Vietnamese rice will continue to rise.
Rice is one of the commodities seeing anincrease in export turnover in the first six months of this year. According to the General Department of Customs,about 4.27 million tonnes of rice worth 2.3 billion USD was shipped abroad inthe reviewed period, rising 22.2% in volume and 34.7% in value year on year.
Tran Thanh Hai, Deputy Director of the Agency for Foreign Trade under the Ministry of Industry and Trade (MoIT), said thatthe export of goods in the first half of this year decreased by about 12%compared to 2022, but the last two months (May and June) experienced growthcompared to the previous months.
The textile and garment industry strives for the export target of 39 - 40 billion USD in 2023. (Photo: nhandan.vn) Exports of many products still achievedpositive results, of which exports of vegetables and fruits increased by 64%and rice exports increased by 34% over the same period, he noted, saying itreflected the efforts of enterprises in expanding markets as well as therecovery of export activities.
However, Hai said that th🧸e export of most other goods, especially industrial products, has still faced many difficulties.
According to the official, the decline in commodityexports was due to a decrease in demand caused by high inflation and economicslowdown in the main export markets. The high inventory of goods in major importmarkets in the post-pandemic was also a reason.
To achieve the target of 6% export growth thisyear, the MoIT is continuing to supportbusinesses to take advantage of free trade agreements (FTAs) through trainingand improving understanding to make effective use of rules of origin. Tradepromotion activities are being promoted along with diversifying forms ofpromotion to access to new markets.
Enterprises will be supported to join thedistribution network of foreign retail chains as well as promote exportsthrough e-commerce platforms.
According to Hai, Vietnam has a lot of experience indealing with such a situation, so it is time for businesses to apply the lessonslearned in the past to be able to come up with appropriate strategies for theirbusiness activities.
Special attention 🦹should be paid to newly-emerged trade barriers, he added./.
