Minh-Ngoc Nguyen. In 2021, the volume of rice exported from Vietnam reached 6.2 million metric tons. Rice production plays an important role in the agriculture sector of Vietnam, as rice is a High-quality rice comprised up to 81 percent of rice export volume, the ministry said, forecasting the world's rice market will see a decrease in supply and increase in demand in the near future. According to Vietnam's Rice Market Development Strategy, one of the country's goals is to gradually reduce the rice export volume but increase Vietnam footwear market to boom by 2031, value to rise double to US$38.7 bln. The Vietnamese footwear market is anticipated to hit US$38.7 billion in value by 2031, doubling this year's estimated figure of US$19.1 billion, according to market research firms. Vietnam currently ranks second in the world in terms of footwear exports, behind only With the average export price of USD 490.6/ton, an increase of 12.7% over the same period, Vietnam's rice export value has increased sharply despite the decrease in export volume. According to experts, in addition to the food storage needs of countries amid the COVID-19 pandemic, Vietnam's rice export prices are at a high level because the Rice exports are assumed to be one of the engines of economic growth of both Vietnam and China in recent years. The present study aimed to compare the rice export performance of Vietnam and China and assesses to what extent it reflects their international competitiveness in the selected target markets over 2000-2014 period. The Constant Market Share model was applied to identify the main Viet Nam is a _____ country. A: Rice - export B: Exported - rice C: Exports - rice D: Rice - exporting nhanh nhé yNgQM. Vietnam is on track to export million tons of rice in 2022, the second-highest export volume in the country's rice exports continue to beat records with strong growth in both volume and revenue, showcasing the agricultural sector's efforts to meet the high standards of the global VENData from the Ministry of Agriculture and Rural Development MARD reveal that Vietnam's rice exports reached a monthly record of 713,546 tons in October, bringing in US$341 million, up in quantity and in value from the previous the ten months, the total volume of rice for exports stood at over six million tons worth nearly $3 billion, up in quantity and in value year on Minister of Agricultural and Rural Development Phung Duc Tien said the total export volume in 2022 would be tons, the second-highest rice export volume in the history of Vietnam’s rice production average rice export price during the ten months was estimated at $484 per to the MARD, the Philippines is Vietnam’s largest rice buyer, with million tons, or 45% of Vietnam’s rice exports, for $ to other high-standard markets has also witnessed substantial growth, including the US up and the EU Vietnam Food Association VFA suggested after two years of implementing the EU-Vietnam Free Trade Agreement EVFTA, Vietnamese rice has gradually cemented its place in the EU VFA added Vietnamese high-quality and fragrant rice, such as ST24, ST25, or Jasmine are fast becoming the market’s currently allocates a quota of 80,000 tons for Vietnam’s rice at a preferential tariff of zero. The VFA expected Vietnam to export at least 60,000 tons of rice to the bloc this is also worth mentioning that the prices of Vietnam’s rice are currently at the top of the market thanks to its high October, its 5%-broken rice averaged $425-$430 per ton, the highest since last November. The rates are higher than direct competitors' prices, such as India by $48-$51 per ton or Thailand by $18-$23. On the contrary, Thailand’s 5%-broken rice prices declined by $28 per ton from $435 to $407, its lowest since July Vice Chairman Do Ha Nam attributed the high rice export growth to the appreciation of the US dollar, saying the price’s upward trend may last until late on major marketsAccording to the MARD, Vietnam produces 22-23 million tons of rice annually, but only 15% are exported to ensure national food further facilitate rice export, Deputy Director of the MARD’s Department of Agricultural Products Processing and Market Development Le Thanh Hoa urged local firms to focus on the Chinese market, which remains among the world’s Hoa noted that the market is changing regarding requirements for imported products, from sanitary control, packaging, and labeling to traceability of only 22 Vietnamese companies are qualified to export rice to China with a limited amount.“In the past years, Vietnam was allocated a quota of over 2 million tons of rice per year to the market, but the amount has gradually exhausted. We are working with the Chinese counterparts to add more rice traders to the export list,” Hoa addition to China, the MARD suggested the EU and UK are potential markets due to high demand and free trade agreements between Vietnam and these two partners. “Local traders should work closely with rice producers and suppliers to ensure products meet technical standards of the import markets,” stated the Minister of Agricultural and Rural Development Phung Duc Tien said the agency is working with the Ministry of Industry and Trade to monitor the market situation and provide information for traders to promote rice the long term, Tien expected a focus on restructuring rice production, concentrating on high-quality rice products, and promoting brands for Vietnamese Hanoi Times ReferencesAnderson, J. E. 1979. A theoretical foundation for the gravity equation. American Economic Review, 69, 106–116. Google Scholar Anh, T. T., & Thang, D. N. 2008. 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A gravity model for trade between Vietnam and twenty-three European countries. Department of Economics and SocietyDownload references Rice has always been a traditional strong export of Vietnam. As a rice production hub of the world, the country is set to remain the world’s second largest rice exporter in 2021 with million tons, according to the US Department of Agriculture USDA. Up to now, Vietnamese rice has been eaten in over 150 countries and territories in the world, meeting the buyers in quantity, quality, packaging and delivery time. This ultimate guide will cover all aspects of the rice market in Vietnam. Read it to learn more about how to source and import Vietnamese rice. 1. Vietnam’s rice market at a glance2. How does Vietnam produce and process its rice? 3. Vietnam’s rice classification4. Was Vietnam’s rice export volume affected by COVID-19 pandemic? 1. Vietnam’s rice market at a glance Rice production plays a vital role in the agricultural and rural development of Vietnam. It is the country’s main crop, accounting for more than 90% of total cereal production according to the General Statistics Office. The two major rice production regions of Vietnam are Red River Delta and Mekong Delta. These delta regions occupy about 66% of the total rice production area and provide up to 70% of the total material paddy yield of the whole country. According to the Ministry of Agriculture and Rural Development MARD, the Mekong Delta is still the largest “Rice Bowl” of Vietnam with ​​nearly 4 million hectares by 2019. This delta annually produces over 50% of total national rice production as well as over 90% of rice commodity for export. Vietnam Area, Yield and Paddy Production, 1993-2020. Source GSO According to GSO, the total paddy area and production in 2020 trend down due to urbanization, crop alteration, drought, and salinity intrusion impacts. However, rice production yields keep increasing for the past four years. In recent years, Vietnam has made a great effort in growing high productivity rice varieties and improving intensive cultivation competence of its farmers. As a result, Vietnamese paddy productivity remains stable and steadily increases every year. 2. How does Vietnam produce and process its rice? Rice has been grown in the country for thousands of years. There are three main crops in Vietnam, including winter-spring crops, summer-autumn crops and summer crops. Have a look at the below table to know more about the timeline of each crop Vietnamese rice production seasons Most rice grown in Vietnam is wet-rice, meaning that it is grown in flooded fields rather than dry land as it needs a constant supply of water. Seedlings are raised in nursery beds and transplanted after 25-50 days to flooded fields. The paddy stem is submerged in two to six inches of water and the seedlings placed in rows approximately a foot apart. Farmers will then constantly check to make sure the availability of certain water levels till harvesting time. Transplant process When the leaves of the rice stalks begin to turn yellow, farmers will drain and dry the paddies to prepare for the harvest. They then harvest rice by cutting the stalks with sickles. After that, they tie the stalks together and dry them. Farmers harvest rice with their sickles Threshing separates the grain from the rest of the plant. This phase has already been highly mechanicalized. Rice threshers and husking machines have relatively met farmers’ demands. After threshing, the grains are dried by exposing to the sun to be ready for storage. In recent years, the application of rice drier has been getting more and more popular. Vietnamese rice drier system The husk is removed from the kernel during milling. The bran layer, which contains the majority of the nutrients, is sometimes stripped away throughout the process. The bran coat on brown rice is still intact. Milling machines system in a Vietnamese rice processing company After going through these processes, rice can be selected identical. In recent times, the quality control process has been highly improved and achieved high effectiveness. The rate of unbroken rice grains is high and rice surface quality is good. Dust and noise are treated instantly inside the machines so environmental pollution can be avoided. 3. Vietnam’s rice classification Vietnam produces two major kinds of rice including sticky rice and ordinary rice of high and normal quality. The following are the classifications of Vietnamese ordinary rice varieties based on their structures, shapes, and colors. According to structures and shapes There are long grain rice, middle grain rice and short grain rice. According to colors There are brown rice, white rice, red rice and black rice. Regarding Vietnamese high quality rice, there are two kinds including special quality rice and fragrant rice. Especially for exporting, Vietnam exports the following kinds of rice 5% broken rice polished one time, 5% broken rice polished twice, 10%, 15%, 25% and 100% broken rice. Besides, Vietnam also exports glutinous and sticky rice, ordinary rice, rice parboiling and fragrant rice. In the current export structure, white rice still predominates. Vietnamese white rice is a competitor of Thai average and high quality rice. Regarding export categories, in 2020, the export value of white rice accounted for of the total turnover; jasmine rice and fragrant rice accounted for sticky rice accounted for japonica rice and Japanese rice varieties accounted for according to the MARD. Vietnamese broken rice 4. Was Vietnam’s rice export volume affected by COVID-19 pandemic? While several agricultural commodities had major drops in 2020, the rice business saw tremendous growth. Rice is the agricultural product with the highest growth value, according to statistics from the Agency of Foreign Trade. Vietnam earned over US$3 billion from exporting rice in 2020, as stated by Vietnam Food Association VFA, a year-on-year increase of more than 10%. Despite the challenges provided by the ongoing COVID-19 pandemic, rice exporters swiftly adjusted their strategies and actively sought new markets, fully utilizing the benefits of FTAs. As said by Vice Chairman of the VFA, Do Ha Nam, the EU-Vietnam Free Trade Agreement EVFTA has created a significant potential for Vietnamese rice to enter European markets and then expand into other competitive areas. Viego Global – Your trusted sourcing partner in Vietnam At Viego Global, we know it’s more than just finding the right Vietnam supplier since every step of the supply chain requires proper implementation in order to ensure Vietnam quality commodities are well delivered to clients. We always try our best to determine the best suppliers based on customers’ needs. During research on potential suppliers, discussion and factory visits, we inspect every single thing from business license, capacity, to past orders as well as the equipment and the workers’ competence. This is why Viego Global makes sure that you can reach the best Vietnam suppliers at the most competitive price. Apart from Rice, we also provide insights on other Agricultural products from Vietnam. Jump to Vietnam’s Coffee Market, Vietnam’s Pepper Market, Vietnam’s Cashew Market and also check many other tips for sourcing from Vietnam. Exports In 2021, Vietnam exported $ in Rice, making it the 3rd largest exporter of Rice in the world. At the same year, Rice was the 24th most exported product in Vietnam. The main destination of Rice exports from Vietnam are Philippines $ China $522M, Ghana $394M, Cote d'Ivoire $218M, and Malaysia $138M.The fastest growing export markets for Rice of Vietnam between 2020 and 2021 were Philippines $181M, Ghana $111M, and China $ In 2021, Vietnam imported $691M in Rice, becoming the 8th largest importer of Rice in the world. At the same year, Rice was the 101st most imported product in Vietnam. Vietnam imports Rice primarily from Cambodia $391M, India $259M, China $ Laos $ and Thailand $ fastest growing import markets in Rice for Vietnam between 2020 and 2021 were Cambodia $309M, India $244M, and Laos $ In 2019, the average tariff for Vietnam in Rice was The countries with the highest import tariffs for Rice were Angola Non-MFN duty rate for countries excluded from Most-Favoured- Nation MFN treatment, 40%, Burundi Non-MFN duty rate for countries excluded from Most-Favoured- Nation MFN treatment, 40%, Benin Non-MFN duty rate for countries excluded from Most-Favoured- Nation MFN treatment, 40%, Burkina Faso Non-MFN duty rate for countries excluded from Most-Favoured- Nation MFN treatment, 40%, and Botswana Non-MFN duty rate for countries excluded from Most-Favoured- Nation MFN treatment, 40%.Latest Trendspermalink to sectionApr 2023Subnational Monthly Tradepermalink to sectionViewFlowY-AXIS SCALEValuecaret-downFor a full breakdown of trade patterns, visit the trend explorer or the product in country following visualization shows the latest trends on Rice. Countries are shown based on data availability.* Using January 2020 exchange rates when trade data is reported in local Latest TrendsHistorical Datapermalink to sectionTrade Balancepermalink to sectionColorYearcaret-downEXPORTS 2021 $ 2021 $691MNET TRADE 2021 $ 2021, Vietnam exported $ in Rice. The main destinations of Vietnam exports on Rice were Philippines $ China $522M, Ghana $394M, Cote d'Ivoire $218M, and Malaysia $138M.In 2021, Vietnam imported $691M in Rice, mainly from Cambodia $391M, India $259M, China $ Laos $ and Thailand $ VisualizationsMarket Growthpermalink to sectionFlowStartingcaret-downEndingcaret-down Vietnamese rice fieldWorldwide rice exports by country were worth a total US$ billion in 2021, up by an average for all exporting countries compared to 2020 when overall rice shipments were valued at $ a 5-year timespan, the value of globally exported rice flatlined via a modest upturn from the $ billion worth of rice shipped during top 5 rice exporting countries India, Thailand, Pakistan, Vietnam and the United States of America generated almost three-quarters of the global value for rice exports during a continental perspective, over three-quarters of worldwide rice exports originated from Asian countries with shipments amounting to $ billion during 2021. Exporters in Europe supplied of the overall total, trailed by North American suppliers at ahead of Latin America excluding Mexico but including the percentages came from Africa and Oceania mostly research purposes, the 4-digit Harmonized Tariff System code prefix for rice is 15 countries listed below exported the highest dollar value worth of rice during US$ billion of total rice exportsThailand $ billion 13%Pakistan $ billion $2 billion States $ billion $933 million $ million $ million $ million $ million $ million $ million $302 million $ million $ million value, the above 15 countries were responsible for of globally exported rice in the above countries, growing rice exporters since 2020 were Tanzania up India up Belgium up Netherlands up Pakistan up United States of America up and mainland China up countries that posted declines in their exported rice sales were led by Uruguay down Myanmar down Vietnam down Brazil also down and Cambodia down Generating Highest Surpluses Trading RiceThe following countries posted the highest positive net exports for rice during 2021. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s rice exports and its import purchases for that same US$ billion net export surplus up since 2020Thailand $ billion down -9%Pakistan $ billion up $ billion down States of America $ million up $ million down $ million down $ million down $302 million up $ million down $ million down $ million down $ million up $ million up 23%Brazil $ million down 2021, India continued to be the leading exporter generating the highest surplus in the international trade of rice. In turn, this positive cashflow confirms India’s strong competitive advantage in selling rice on global Incurring Greatest Deficits Trading RiceThe following countries posted the biggest negative net exports for rice during 2021. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s rice import purchases and its exports for that same -US$ billion net export deficit up since 2020Saudi Arabia -$ billion down China -$ million up -$925 million up -$ million up -$ million up -$ million down -$ million up -$ million down Kingdom -$ million down -$ million down -3%Ivory Coast -$514 million down -$457 million up -$ million up -$ million up Philippines and Saudi Arabia incurred the greatest amounts of red ink trading rice on global markets during 2021. In turn, this negative cashflow highlights both countries’ strong competitive disadvantages for this specific product category but also signals opportunities for rice-supplying countries that help satisfy the powerful consumer Rice Exporting CompaniesBelow are bulk rice-supplying conglomerates that dominate the worldwide grain trade 73% of the global market in 2003, according to OXFAM researchers. Shown within parenthesis is the country where the company is United StatesArcher Daniels Midland United StatesBunge United StatesLouis Dreyfus FranceAccording to global trading platform Alibaba, the following companies are also examples of rice-trading companies located in the country shown within ItalyNakornton Rice Co., Ltd. ThailandNavdurga Rice Mill IndiaPAK Rice Village PakistanSichuan Deyi Green Foods Group Co., Ltd. ChinaSunrise Foodstuff Joint Stock Company VietnamTrade BEVAR BrazilSearchable List of Rice Exporting Countries in 2021Below, you will find a searchable table listing the value of rice exported by individual countries during 2021. Also presented is the annual percentage change in export revenues for each exporting can change the presentation order by clicking the triangle icon at the top of any of the columns Rice States$1,928,548,000+ Arab Emirates$90,178,000+ Africa$82,225,000+ Kingdom$44,041, Republic$26,434,000+ Korea$22,553, Kong$11,964, Rica$7,395,000+ Lanka$6,279, Salvador$2,806,000+ Minor Outlying Is$2,729, Macedonia$2,112, Faso$717, Republic$562, Coast$316, the scope to the 100 main exporters, the fastest-growing rice suppliers were Egypt up 27,725%, Tunisia up 1,505%, Morocco up Fiji up Indonesia up Tanzania up Pitcairn up El Salvador up and Australia up Related Read Average Rice Prices Compared for Major Rice Export CountriesSee also Rice Imports by Country, Best Tofu Exports by Sales, Average Unit Prices & Weight, Corn Exports by Country, Onions Exports by Country and Barley Exports by CountryResearch SourcesAlibaba’s supplier information for rice. Accessed on May 21, 2022Central Intelligence Agency, The World Factbook Field Listing Agriculture – Products. Accessed on May 21, 2022International Trade Centre, Trade Map. Accessed on May 21, 2022Investopedia, Net Exports Definition. Accessed on May 21, 2022OXFAM Research Reports, Cereal Secrets, pp 9-10. Accessed on May 21, 2022

vietnam is a rice export country