Favourable time for Vietnamese rice enterprises

Vietnam’s rice industry enjoys favourable factors, such as weather and geographical advantage, says an expert. — Reuters

HANOI: The Vietnamese rice industry is set to benefit from high demand and prices this year, with lower input costs leading to expanded profit margins for rice businesses, Vietnam News Agency reports.

According to an expert from Vietnam Securities Co Ltd Bank for Foreign Trade (VCBS), the country’s rice industry enjoys favourable factors, such as weather and geographical advantage.