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The United States is largest agricultural trading partner with Vietnam that does not have an FTA with Vietnam. The MFN tariff rates that apply to U.S. agricultural products are substantially higher than those stipulated in Vietnam’s many FTAs.
In MY 2023/2024, Vietnam’s rice production appears to be remained stable compared to previous year. Despite a slight decline in harvested areas because of climate change as drought and salt-instruction. By adjusting the crop calendar and adopting new rice high-yield, disease-tolerance rice varieties have led to higher yields compared to the previous year, thereby, offsetting losses from reduced harvested areas.
In recent years, India’s exports have demonstrated phenomenal growth – especially to developing countries, which now account for nearly 80 percent of Indian exports.
The report provides trade data on Vietnam's monthly rice exports by grades and destinations, and weekly quotes for export rice by grades.
Following a near six month regulatory review, the Vietnam Minister of Agriculture signed the first four Certificates for Food and Feed Safety for four genetically modified corn traits.
All of the necessary regulations required for commercializing agricultural biotechnology in Vietnam were completed by the first quarter of 2014.
On June 26, 2014, the Ministry of Agriculture and Rural Development (MARD) published Circular 20/2014/TT-BNNPTNT on stipulating some assignments and competencies to manage agricultural materials.