MOIT urges market expansion for Vietnam rice

HCMC – The Ministry of Industry and Trade (MOIT) is urging relevant departments to explore opportunities for expanding export markets for Vietnamese rice. The request is highlighted in Directive 07 recently issued by the ministry, which focuses on strengthening market information, trade promotion, rice market development, and local market stabilization. The Trade Promotion Agency will allocate funds for rice promotion programs and create favorable conditions for rice traders to benefit from free trade agreements to which Vietnam is a signatory. This aims to diversify markets and enhance the competitiveness of Vietnamese rice in the global market. The Multilateral Trade Policy Department will work with the Import-Export Department to negotiate market expansion and non-tariff measures on rice trading, aiming to remove barriers for Vietnamese rice exports.