In addition to white rice, Vietnam has two other categories with high export values to the Singaporean market: milled fragrant rice and glutinous rice.
This marks a significant milestone in agricultural trade relations between the two countries and is expected to boost Vietnam's export turnover for livestock products.
The annual revenue of the industry in Vietnam expected to exceed $25 billion, with an annual value-added growth rate of 10-15% in the 2024-2030 period.
Vietnam's exports to the Singaporean market in the first two months of this year reached over SGD1.54 billion ($1.15 billion), a 23.21% increase compared to the same period last year.