Vietnam to Sell Bangladesh 1 Million Tonnes of Rice Annually

24.05.2017

Vietnam will sell 1 million tonnes of various types of rice to Bangladesh annually between 2017-2022 as part of a memorandum of understanding signed by the two countries on Tuesday (23/05), Vietnam's trade ministry said.

Bangladesh, facing a rice shortage due to natural disasters and crop failures, wants to buy around 250,000 to 300,000 tonnes of Vietnam's 5-percent white rice immediately and plans to increase rice imports from Vietnam to 500,000 tonnes by end-2017, the trade ministry said in a statement.


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