Rice export turnover up 10 percent in 2020
Vietnam earned over 3 billion USD from exporting rice in 2020, according to the Vietnam Food Association (VFA), a year-on-year increase of more than 10 percent.
Vietnam s rice export turnover up 10 percent in 2020 - Illustrative image (Photo: VNA)
The rice sector is expected to again post high growth this year, when new-generation free trade agreements (FTAs) Vietnam has signed with foreign partners come into play.
Amid the difficulties posed by the ongoing COVID-19 pandemic, rice exporters quickly made appropriate adjustments and actively sought new markets while fully tapping into the advantages brought about by FTAs.
Vice Chairman of the VFA, Do Ha Nam, said 2020 was a successful year for Vietnam’s rice exports, which he attributed to increasing demand in many countries and the improved competitiveness of Vietnamese rice around the world.
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Rice export turnover up 10% in 2020
ABO/NDO – Vietnam earned over US$3 billion from exporting rice in 2020, according to the Vietnam Food Association (VFA), a year-on-year increase of more than 10%.
The rice sector is expected to again post high growth this year, when new-generation free trade agreements (FTAs) Vietnam has signed with foreign partners come into play.
Amid the difficulties posed by the ongoing COVID-19 pandemic, rice exporters quickly made appropriate adjustments and actively sought new markets while fully tapping into the advantages brought about by FTAs.
Vice Chairman of the VFA, Do Ha Nam, said 2020 was a successful year for Vietnam’s rice exports, which he attributed to increasing demand in many countries and the improved competitiveness of Vietnamese rice around the world.
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Trade with Vietnam
From: Contents
The UK has signed a trade agreement with Vietnam, which is in effect.
From 1 January 2021 until the end of February 2021, preferences will be applied retrospectively for goods imported to Vietnam from the UK. This means goods entering Vietnam from the UK will initially be subject to
MFN tariffs for a short period. However, businesses will be able to claim back any additional tariffs paid in this temporary period from the Government of Vietnam. Information on reimbursements will be available from the Vietnamese government. This page will be updated as soon as possible.
This guidance provides information on aspects of trade covered by the UK-Vietnam agreement. It is for UK businesses trading with Vietnam.
The 38th meeting of the
Vietnam-Cuba Inter-Governmental Committee held online on December 30 (Photo: vov.vn)
Hanoi (VNA) - Vietnam and Cuba sought
measures to increase two-way trade to 500 million USD in 2025 during the 38th meeting of the Vietnam-Cuba Inter-Governmental Committee, held online on
December 30.
The meeting was co-chaired
by Vietnamese Minister of Construction Pham Hong Ha and Cuban Minister of
Foreign Trade and Investment Rodrigo Malmierca Diaz.
According to Ha,
the two sides will work closely to effectively implement the
The two nations will speed
up negotiations for the restructuring of Cuban businesses’ debts to Vietnamese companies
to ensure the expansion of trade ties and maintain the stability of rice supply