Vietnam Exports Likely To Touch New Highs

According to the latest statistics released by the Vietnam Food Association , VFA, Vietnam's rice exports have topped 3.46 million MT in the first half, earning more than US$1.47 billion.

By the end of June, exporters had signed contracts for five million tons, exceeding the government’s target for the whole year of 4- 4.5 million MT. Exports are likely to finish at six million tons this year, mush higher than the record of 5.3 million MT set in 2005.

Meanwhile Nguyen Tri Ngoc, director of the Ministry of Agriculture and Rural Development's Cultivation Department, said the recent winter-spring crop yielded 18.6 million MT of husked rice, 312,000 MT more than a year ago. With the bumper crop, Vietnam can export up to 6 million MT, he said.