A delegation of the World Bank (WB) led by Vice President for East Asia and the Pacific Manuela V. Ferro on November 19 paid a working visit to the Mekong Delta city of Can Tho during which they discussed with representatives of local authorities, sectors, businesses, and farmers related to low-emission rice production.
In 2024, Vietnam is expected to set a new record for rice exports, with forecasts indicating over 8 million tonnes would be exported and total export revenue would potentially surpass US$5 billion.
Vietnamese businesses have secured three rice lots totalling 85,000 tonnes, representing 17% of Indonesia's massive 500,000-tonne rice tender in October, according to the rice market news site SSRicenews.
Vietnam earned nearly US$2 billion from exporting rice to the Philippines market during the past nine months of the year, making up 42.86% of the country's total rice export turnover, according to the Vietnamese Trade Office in the Philippines.
No Vietnamese rice is named in the list of the grain seized by Swedish authorities on suspicion of quality fraud, according to the Vietnam Trade Office in the European country.
Prime Minister Phạm Minh Chính has said we must "breathe life into the rice plants," instilling new vitality in the rice industry through digital technology, green development, circular economy, and innovation.
The project is of paramount significance for regional farmers, rice industry, and Việt Nam's broader efforts to combat climate change, aiming for net-zero emissions in line with commitments made at the 26th United Nations Climate Change Conference of the Parties (COP26).
Improving the rice quality, diversifying markets, and building a recognisable and trustworthy brand identity for Vietnamese rice are among measures for Vietnam to boost its rice exports, said Secretary of All India Spices Importers Federation (AISIF) Hiren Gandhi.
Another obstacle is the lack of clear incentives for farmers to adopt low-emission farming methods. Without specific policies encouraging these changes, many farmers remain reluctant to abandon traditional high-emission practices.
Tan Long Group Joint Stock Company (Tan Long Group), in collaboration with Japan’s Kiraboshi Bank, hosted a ceremony in Tokyo on October 9 to launch the A An rice, the second Vietnamese rice brand in the Japanese market.
As many as 163 Vietnamese businesses have been certified to meet the conditions for rice export, according to an update from the Import-Export Department under the Ministry of Industry and Trade.
Despite the country’s status as one of the world’s leading rice exporters, Vietnam is expected to spend nearly US$1 billion on rice imports for processing this year.
India has officially lifted its ban on the export of non-basmati white rice with the floor price being applied at US$$490 per tonne, according to the Vietnam Food Association (VFA).
Hundreds of officers and soldiers helped with harvesting after Typhoon Yagi struck Hà Nộo, leaving many areas in the district, including rice fields nearing harvest, still submerged in water.
Deputy Minister of Agriculture and Rural Development Tran Thanh Nam on September 23 met with a World Bank (WB) delegation to discuss preparations for signing the Emission Reduction Payment Agreement (ERPA) with the Transformative Carbon Asset Facility (TCAF).
Agricultural officials have proposed using straw for mushroom cultivation, livestock feed and fertiliser, but a more comprehensive economic plan is needed to manage this resource more effectively.
