China’s Vietnamese rice imports rise 27.8%

China’s Vietnamese rice imports rise 27.8%

China bought 1.14 million tons of rice from Vietnam for US$ 472.4 million in the first five months of this year, for a year-on-year rise of 27.8% in volume and 24.1% in value. According to the Vietnam Food Association, China is the biggest importer of Vietnamese rice produce, accounting for 36.4% of total rice exports, with the Philippines, Malaysia, Singapore, and Ivory Coast following in that order.

China, the world’s 2nd largest economy, continues to be the most important market for companies looking for growth and Chinese companies continue to globalize by investing and selling their products in new markets; what is your company’s strategy for engaging China?

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