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VIETNAMíS RICE EXPORT SURGES IN 2017
1/3/2018

THE INDEPENDENT (03/01/2018)

VIETNAM’S RICE EXPORT SURGES IN 2017

XINHUA, HANOI: Vietnam exported roughly 5.9 million tons of rice worth nearly 2.7 billion US dollars in 2017, posting respective year-on-year rises of 20.5 per cent and 20.8 per cent.

Of the rice volume, nearly 40 per cent went to China, and 9.3 per cent to the Philippines, according to the General Department of Vietnam Customs yesterday.

Vietnam is likely to export 6.3 million tons of rice in 2018, mainly due to high demand from the Southeast Asian market, especially the Philippines, local traders predicted.

Vietnam’s paddy rice-growing area was over 7.7 million hectares in 2017, down 26,100 hectares against 2016, said the Ministry of Agriculture and Rural Development.

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