Positive signs for Vietnam’s rice exports
According to the Ministry of Industry and Trade (MoIT), Vietnam’s rice exports are showing positive indications and expected to reach about seven million tonnes in volume and US$4 billion in value this year.
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According to the Ministry of Industry and Trade (MoIT), Vietnam’s rice exports are showing positive indications and expected to reach about seven million tonnes in volume and US$4 billion in value this year.
Free trade agreements (FTAs) are considered the key to export growth in 2023.
Favorable conditions are forecast for Vietnam’s 2023 rice exports due to short supply in the US, China and countries in Europe affected by climate change and drought.
The UK-Vietnam Free Trade Agreement (UKVFTA) has served as a catalyst to Vietnamese timber exports to the UK, said Ngo Sy Hoai, Vice Chair and General Secretary of the Vietnam Timber and Forest Products Association (VIFORES) in a talk with Vietnam Economic News’ Hoa Quynh.
The Ho Chi Minh City Export Furniture Fair (HawaExpo) 2023 is scheduled for February 22 to 25, kicking off a series of trade promotion events in the wood industry this year.
The Vietnamese agro-forestry-fishery sector is hopeful of reaching its 2022 US$50 billion export target in view of continued positive signals from importing markets.