Vietnam could see advantages in rice export as Thailand pays higher prices to farmers and massive floods affect production in the kingdom, but it should focus on developing a long-term strategy that provides bigger benefits to Vietnamese farmers as well, experts say.
"The world situation is favorable to Vietnam's rice exports. We are expected to become the biggest rice exporter in terms of quantity. However, we do not have yet a strategy to increase the export value of the grain, as well as the benefits for farmers," said Pham Quang Dieu of AgroMonitor, a company specializing in agricultural product market and analysis.