[HIGHLIGHTS] Vietnam wants to reduce annual rice exports by 44% by 2030

Vietnam wants to reduce annual rice exports by 44% by 2030. Hanoi wants to focus on the production of fragrant and glutinous rice.

60 percent of Vietnam's rice exports are expected to go to Asian markets and 22 percent to Africa by 2025. Less than 15% will target America, the Middle East and Europe combined. The Philippines has long been the largest buyer of Vietnamese rice, accounting for 45 percent of shipments last year. In 2019, Vietnam exported rice to 35 African countries, including Senegal, Algeria and Gambia.