Hongkong will be the big rice importer of Vietnam

According to the Ministry of Industry and Trading, in the first five months of the year, the rice export turnover to Hongkong reached 40.4 million USD, made up 35% of the market share here.

Vietnamese rice is the popular product in Hongkong thanks to its advanced quality and the low price (compared to Thailand). According to some statistic in Custom Department, in 2011, Hongkong imported more than 2.2 billion USD in the product field such as: agriculture, aqua. The majority is rice. Till this time Vietnamese rice made up 35% of Hongkong market. In the five months in 2012, the rice export turnover of Vietnam to Hongkong reached 40.4 million USD, but reduced to 1.44% over the last same period.

b2b vietnam - Hongkong will be the big rice importer of Vietnam

To promote the rice export activity in Hongkong and China, the Association of Rice in Hongkong includes 30 enterprises and 40 members visited to Hochiminh City and Mekong Delta Provinces to fathom the rice export situation, the rice quality and the polices of Vietnam. In this visit, they had the high evaluation in rice quality, especially fragrant rice and Jasmine. It is hoped that Vietnamese rice will have more market share in Hongkong and other related markets.

The Deputy Director of VFA said that, in this circumstance, China and also Hongkong are the potential markets of Vietnamese rice. In the near future, VFA will found Promotion Center of Vietnamese high quality rice. This is the good chance for Vietnamese enterprises to introduce their products and also the advantages.

b2b vietnam - Hongkong will be the big rice importer of Vietnam 2

In 2012, it is expected to reach 50-60% in the market share of Vietnamese rice in Hongkong, access to Thailand. However, many experts said that, only focusing on Hongkong will be very wasted because of its small scale. If we spotlight Hongkong as the middle man, it will be the very great opportunity.