HANOI : Vietnam aims to cut its rice exports to 4 million tonnes a year by 2030 from 7.1 million tonnes last year, the government said in a document detailing its rice export strategy.The move is aimed at"boosting the exports of high-quality rice, ensuring domestic food security, protecting the environment and adapting to climate change," according to the government document dated May 26 and reviewed by Reuters.
Rice export revenue will fall to $2.62 billion a year by 2030, down from $3.45 billion in 2022, the document said. Vietnam will diversify its rice export markets to reduce its reliance on any single country, the document said. The Philippines has long been Vietnam's biggest rice buyer, accounting for 45 per cent of its shipments last year.
By 2025, 60 per cent of Vietnamese rice exports will be shipped to Asian markets, 22 per cent to Africa, 7 per cent to America, 4 per cent to the Middle East and 3 per cent to Europe, the document said. The government said Vietnam will focus on the production of high-quality, fragrant and glutinous rice, while reducing the production of low-quality grains to 15 per cent of total output by 2025 and to 10 per cent by 2030.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vietnam's VinFast recalls first batch of US-bound EVs over security riskHANOI- Vietnamese electric vehicle (EV) maker VinFast is recalling all of the first batch of vehicles it shipped to the United States following a security warning issued by the US National Highway Traffic Safety Administration (NHTSA). In a statement, the NHTSA said 999 VF8 vehicles suffered a software error in the dashboard display which prevented critical safety information from being...
Source: asiaonecom - 🏆 10. / 59 Read more »
Vietnam jails noodle vendor who mocked minister's lavish diningHANOI — A noodle vendor in Vietnam famous for imitating celebrity chef 'Salt Bae' to allegedly mock a top government official was sentenced to five and a half years in prison on Thursday (May 25), police said, after a court found him guilty of anti-state propaganda. The conviction is the latest in what rights groups say is the government's wide-ranging...
Source: asiaonecom - 🏆 10. / 59 Read more »
Vietnam battles plastic blight in idyllic Ha Long Bay and its famed limestone karstsSince March, 10,000 cu m of rubbish – enough to fill four Olympic swimming pools – have been collected around the bay. Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Vietnam battles plastic blight in idyllic Ha Long BayHA LONG, Vietnam: Squinting in the bright light of a hot summer morning, Vu Thi Thinh perches on the edge of her small wooden boat and plucks a polystyrene block from the calm waters of Vietnam's Ha Long Bay. It's not yet 9am, but a mound of styrofoam buoys, plastic bottles and beer cans sit behind her.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Chinese ships ignore Vietnam demand to leave area close to Russian-run gas fieldsHANOI: A Chinese research ship and five escort vessels were in Vietnam's exclusive economic zone (EEZ) on Friday (May 26) close to gas blocks operated by Russian firms in the South China Sea, one day after
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Chinese ships ignore Vietnam demand to leave area close to Russian-run gas fieldsThe Chinese ships are in Vietnam’s exclusive economic zone (EEZ). Read more at straitstimes.com.
Source: STForeignDesk - 🏆 4. / 71 Read more »