Rice industry must diversify products: experts

Despite having great potential, Vietnamese rice-based products remain rudimentary and unpolished, severely hampering their ability to compete on the global market, according to industry experts.

According to the Department of Agro-Processing and Market Development under the Ministry of Agriculture and Rural Development (MARD), Vietnam’s exports of rice and the rice-based product look set to experience rapid growth in the near future, especially due to the EU-Vietnam Free Trade Agreement (EVFTA). The trade deal will see the EU’s tariff for Vietnamese rice reduced to zero within three to five years. 

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