Vietnam has the potential to become the world's second largest rice exporter due to several factors.
Abundant arable land: Vietnam has a large area of fertile land suitable for rice cultivation.
Favorable climate: The country has a tropical climate that is well-suited for growing rice.
Low labor costs: The labor costs in Vietnam are relatively low compared to other countries, which allows farmers to produce rice at a lower cost.
Government support: The Vietnamese government has actively supported the rice industry through policies and initiatives aimed at increasing productivity and export potential.
Modernization: Vietnam's rice industry has undergone modernization in recent years, with improved seed varieties, mechanization, and irrigation systems increasing yields and efficiency.
Strategic location: Vietnam's location makes it an ideal point of origin for rice exports, as it is in close proximity to many of the world's largest rice importers, such as China and Indonesia.
All these factors have enabled Vietnam to increase its rice production and exports consistently, making it one of the major rice exporters in the world.
the Vietnamese government has actively supported the rice industry through policies and initiatives aimed at increasing productivity and export potential. Some specific examples of these policies and initiatives include:
The "National Target Program for New Rural Development," which aims to improve the living standards of rural residents, promote economic development, and increase agricultural productivity, including rice production.
Investment in infrastructure, such as irrigation systems and rural roads, which have helped improve access to markets and increase the efficiency of rice production.
The establishment of the Vietnam Food Association (VFA), which is responsible for promoting and developing the country's agricultural exports, including rice. The VFA works with government agencies, farmers, and businesses to promote Vietnam's rice exports and improve the quality of its rice.
The implementation of trade agreements and partnerships, such as the Trans-Pacific Partnership (TPP), which have helped open up new markets for Vietnam's rice exports.
The establishment of export quotas, which help to stabilize prices and ensure a steady supply of rice for export.
Offering incentives to farmers and firms to produce high-quality rice and invest in technology to increase productivity, reduce costs and improve competitiveness.
All these initiatives and policies have helped Vietnam to create an environment that is conducive to rice production and export, allowing the country to become a major player in the global rice market.
Vietnam exported 6.4 million tons of rice to China in 2019.
According to data from the General Department of Vietnam Customs, Vietnam is one of the largest rice exporters to China, and in recent years, the export of rice from Vietnam to China has increased significantly. In 2019, rice export to China accounted for about 40% of Vietnam's total rice export. It shows that Vietnam and China have a strong trade relationship in rice. The figures may change depending on various factors such as weather, production and trade policies, and economic conditions.