The Ministry of Agriculture and Rural Development (MARD) has set up a public-private partnership (PPP) taskforce for the rice sector.

This is to improve the quality and sustainability of the sector by tapping efforts of diverse actors in the value chain. The taskforce is expected to attract investment and strengthen the modernization of local agriculture and food networks through the application of technology and innovation in connectivity.

Vietnam currently ships rice and rice products to more than 150 countries and territories and accounts for more than 15 per cent of the world’s total rice exports.

It exported nearly 7.2 million tons of rice last year, earning record revenue of over $3.49 billion, up 13.8 per cent and 5.1 per cent, respectively, year-on-year and putting the country among the top 3 rice exporters globally.