Tran Huu Hiep Saigon Investment - 09/10/2024 05:18 (SGI) - Some people have expressed surprise at Vietnam’s near $1 billion expenditure on rice imports in the early months of this year, especially considering the country is one of the world’s top rice exporters. Does this represent a paradox in Vietnam's rice import-export dynamics, or is the nation entering a new phase in its rice strategy? Finding the Positives in the "Paradox" In the first nine months of this year, Vietnam exported over 7 million tons of rice, earning $4.37 billion in revenue. Yet, paradoxically, the country also spent nearly $1 billion on rice imports for domestic consumption. The total rice import expenditure is expected to rise further, potentially reaching $1.3 billion by the end of 2024. At first glance, this situation seems counterintuitive, given that Vietnam has re-emerged as a rising star in the global rice market over the past three decades, firmly securing a position among the top three ...
"Lời quê góp nhặt dông dài. Mua vui cũng được một vài trống canh" (KIỀU)