Hong Kong businesses keen on Vietnamese rice

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VOV News English - 34 month(s) ago 3 readings

Hong Kong businesses keen on Vietnamese rice

(VOV) - Hong Kong businesses are importing Vietnamese rice in large volumes. In 2011, Vietnamese rice made up nearly one third of Hong Kong’s rice imports.

Last year, Hong Kong imported about 100,000 tonnes of rice from Vietnam. However, its businesses still know little about Vietnam’s rice market, said Kenneth Chan, President of the Hong Kong Association of Rice Merchants.

In early March, a delegation from the Association, including nearly 50 entrepreneurs from 25 Hong Kong businesses, came to Vietnam to explore opportunities for importing rice, and visit rice fields and rice mills.

These businesses spoke highly of Vietnamese rice and hoped to boost the import of this product.

Thai rice surpasses Vietnamese rice in terms of quality, but the price of Vietnamese rice is much more attractive, said Chan.

Chan added that Hong Kong imports Vietnamese rice mainly for domestic consumption, not for resale to mainland China.

Pham Van Cong, Deputy Consul General of Vietnam to Hong Kong and Macao, said Hong Kong is a great potential export market for Vietnamese rice and other agricultural products, as it has a population of more than seven million people whose per capita income equals US$45,000.

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