![]() According to EVFTA, the EU provides Vietnam with 80,000 tons of rice for export at 0% tax rate annually (including 30,000 tons of milled rice, 20,000 tons of unmilled rice and 30,000 tons of aromatic rice).įor rice from Vietnam, the EU will reduce the import duty rate to zero in the coming years. ![]() Since the EU-Vietnam Free Trade Agreement (EVFTA) came into force on August 1, 2020, rice exports have rapidly seen an upturn. In January 2021, Vietnam's rice export price reached $551.7 per ton. On March 25th, Vietnamese rice with a 5% breakage rate rose to $515-520 per ton, Thai rice of the same variety to $500-518 per ton and Indian rice to $398-403. At the beginning of 2021, Vietnamese rice prices still maintained the highest position. In terms of price, the average price of Vietnam's rice exports in 2021 dropped 3.83 percent year on year to $477 per ton. In 2021, rice exports increased from 5.28 million tons to 6.57 million tons. In 2020, its rice exports grew against the backdrop of a decline in exports of many of Vietnam's long-dominant agricultural products due to the COVID-19 epidemic. In 2021, Vietnam's total rice production was about 44 million tons, meeting the demand for domestic consumption, processing, poultry and livestock feed, and export, etc. This is a remarkable achievement of the rice industry for many years, especially in the context of natural disasters and COVID-19 epidemic that hit Vietnam's agriculture in 2020 in terms of production and export. Vietnam is rich in rice, tropical crops and aquatic products and is a major exporter of agricultural products in Southeast Asia, and the third largest exporter of rice in the world.Īccording to the analyst's analysis, Vietnam's rice export value reached USD3.133 billion in 2021, and rice has become a bright spot in Vietnam's agricultural products exports. 10, 2022 (GLOBE NEWSWIRE) - The "Research Report on Vietnam's Rice Industry 2022-2031" report has been added to 's offering.
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