Vietnam faces more challenges for rice export to China
Vietnam’s rice export to China has declined following stricter trade barriers.
In the first eight months of this year, Vietnam exported 5.4 million tonnes of rice worth a total USD1.96 billion, down 15% in value. During the period, the rice volume exported to China which was the country’s biggest rice importer for many previous years dropped by 65%.
According to Tran Thanh Hai, deputy head of the Ministry of Industry and Trade’s Import-Export Department, last year, one tonne of rice was exported at around USD500 on average, but the price has declined so far this year.
Meanwhile, China has tightened control over unofficial rice imports from across the border trade since 2018. The country has also applied more stringent requirements for rice imported from Vietnam and other ASEAN countries, including packaging and labels or product origins.
Hai added that Vietnam needs to diversity rice export markets and improve rice quality to meet stricter export standards.
China’s tighter policies on border trade have affected Vietnam’s agricultural produce exports.
Between January and July this year, the US replaced China as the top import of Vietnam’s agriculture produce with a value of USD4.8 billion, up 12.6% on-year.
In the first eight months of this year, Vietnam exported 5.4 million tonnes of rice worth a total USD1.96 billion, down 15% in value. During the period, the rice volume exported to China which was the country’s biggest rice importer for many previous years dropped by 65%.
Vietnam exported 5.4 million tonnes of rice worth a total USD1.96 billion in the first eight months of this year
According to Tran Thanh Hai, deputy head of the Ministry of Industry and Trade’s Import-Export Department, last year, one tonne of rice was exported at around USD500 on average, but the price has declined so far this year.
Meanwhile, China has tightened control over unofficial rice imports from across the border trade since 2018. The country has also applied more stringent requirements for rice imported from Vietnam and other ASEAN countries, including packaging and labels or product origins.
Hai added that Vietnam needs to diversity rice export markets and improve rice quality to meet stricter export standards.
China’s tighter policies on border trade have affected Vietnam’s agricultural produce exports.
Between January and July this year, the US replaced China as the top import of Vietnam’s agriculture produce with a value of USD4.8 billion, up 12.6% on-year.
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