High demand for Vietnamese rice in international market

Major commodity: Farmers are seen harvesting rice in a field in Can Tho. Vietnam exported more than 1.85 million tonnes of rice, worth nearly US$1bil (RM4.5bil), during the first quarter of the year. — AFP

HANOI: Vietnamese rice continues to do well in the international markets, fetching both significantly higher prices and a larger number of orders in the first quarter of 2023, according to the Import/Export under Department the Industry and Trade Ministry.

Vietnam exported more than 1.85 million tonnes of rice, worth nearly US$1bil (RM4.5bil), during the first quarter of the year, a 23% increase in volume and a 34% increase in value compared to the same period last year, according to Tran Quoc Toan, the department’s deputy director.