2023 set to be favourable for Vietnamese rice enterprises

2023 set to be favourable for Vietnamese rice enterprises

The Vietnamese rice industry is set to benefit from the high demand and prices this year, with lower input costs leading to expanded profit margins for rice businesses.
New decree removes barriers for rice exporters

New decree removes barriers for rice exporters 1

According to a new governmental decree, rice-exporting businesses will no longer be required to own rice storage, paddy milling and grinding facilities with processing capacities of 5,000 tonnes of rice and 10 tonnes of paddy per hour, respectively.