Vietnam’s Rice Economy: Developments and Prospects

Authors

Kenneth B. Young, University of Arkansas, Fayetteville
Eric J. Wailes, University of Arkansas, Fayetteville
Gail L. Cramer, University of Arkansas, Fayetteville
Nguyen Tri Khiem, Can Tho University

Document Type

Report

Publication Date

4-1-2002

Keywords

Vietnam, rice, economy, production, consumption, trade, prices

Abstract

Vietnam shifted rapidly from being a net rice importer prior to 1987 to become the second largest world rice exporter by 1995. Net rice exports have leveled off at about 3.8 million metric tons from 1997 to 1999. The world rice price has dropped dramatically in 2000 to barely cover the rice production cost in Vietnam, and net rice exports are expected to fall to 3.4 million mt because of the poor import demand in 2000. This report reviews the policy adjustments that led to the rapid growth in rice production and evaluates the prospects for Vietnam to continue as a major rice exporter.

Citation

Young, K. B., Wailes, E. J., Cramer, G. L., & Khiem, N. T. (2002). Vietnam’s Rice Economy: Developments and Prospects. Research Reports and Research Bulletins. Retrieved from https://scholarworks.uark.edu/aaesrb/29

Series Number

968