Improved rice quality helps export prices rise The price of Vietnam’s export rice has been increasing since mid-July, surpassing the prices of other rice exporters thanks to improved quality. In the first 10 months of 2020, Vietnamese rice prices for export averaged 493 USD per tonne, up 12.7 percent over the same time last year. To improve the quality of rice, many firms have built and developed raw material areas and applied food safety and quality management models in their production. According to the Ministry’s strategy, from 2021 to 2030, the annual export volume of Vietnamese rice is hoped to be about 4 million tonnes and worth between 2.3 billion USD and 2.5 billion USD. The strategy aims to increase exports of rice directly to markets and directly to the rice distribution systems of other countries./. Small firms in supporting industries eye entry into global supply chains Getting access to information, strengthening market linkages and joining supply chains will help Vietnamese small and medium-sized enterprises in supporting industries recover from the disruptions caused by the COVID-19 pandemic, experts have said. Nguyen Phuong Dong, deputy director of the Department of Industry and Trade, said building business linkages in various sectors and industries would help them expand their capacity… Read full this story
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