World Rice Conference opens in Hanoi

09:22 | 12/10/2018 Trade

The 2018 World Rice Conference kicked off in the Vietnamese capital of Hanoi on October 11, gathering Vietnamese leaders and businesses, as well as rice producers and traders from 30 countries.

world rice conference opens in hanoi
Deputy PM Vuong Dinh Hue speaks at the World Rice Conference - Photo: VGP

According to Minister of Industry and Trade, Tran Tuan Anh, Vietnam is playing a greater role in rice supply, helping to ensure global food security.

He added that Vietnam has adopted a rice export market development plan, aiming to enhance the quality of Vietnamese rice in order to meet market demands and strengthen the value chain linkages from production to export.

President and CEO of The Rice Trader Jeremy Zwinger stated that Vietnam’s rice production and trade has seen positive progress and expressed his confidence in the Vietnamese government’s attention to developing the rice value in the future.

Speaking at the conference, Deputy PM Vuong Dinh Hue affirmed that rice production is a major part of Vietnam’s agricultural policy, ensuring food security for Vietnam as well as partly for the region and the world.

He informed those present that the rice growing area accounts for about 60% of Vietnam’s total cultivation area and rice production is an important source of livelihood for roughly 9 million farming households.

Currently Vietnam is one of the three largest rice exporters in the world, with an annual shipment of 5-6 million tonnes to 150 countries and territories, bringing in US$2.5 billion.

Deputy PM Hue said that a new government decree on rice exports will create a favourable environment for the rice trade, helping Vietnam participate deeper in the global rice value chain.

Although rice production is facing numerous challenges from climate change, the Deputy PM expressed his belief that new scientific and technological advances would help the rice sector to produce new varieties that could adapt to climate change.

The 2018 World Rice Conference is jointly held by The Rice Trader and Vietnam’s Ministry of Industry and Trade.

Theo NDO