Viet Nam Publication Abstracts
Marketing Constraints on Rice Exports from Viet Nam
by Francesco Goletti, Nicholas Minot and Philippe BerryMSSD Discussion Paper No. 15
June 1997
This paper describes the spectacular growth of rice exports from Viet Nam during the period 1989 to 1997. From a situation of food shortages, the country is now the second largest rice exporter after Thailand, and has the potential to become the world leader within ten years. This potential remains constrained, however, by the relatively underdeveloped marketing system. This study provides an overview of the performance of rice production and exports to date and future prospects. It then looks more closely at the rice marketing system and its performance. Finally, it elaborates upon the constraints to further development.
Access to credit and information are of the most crucial resources to compete successfully in global markets. However, in Viet Nam, a few large state enterprises have access to capital and export licenses, but private traders and millers are generally small and medium enterprises with limited credit and no legal access to world markets. Growth is further constrained by restrictive policy, poor physical and institutional infrastructure and declining investment in research extension. Recent policy changes to promote internal trade liberalization and competition between central and provincial state enterprises are encouraging, but need to be moved further to permit entry of the private sector.
Key words: agriculture, competition, credit, exports, information, infrastructure, liberalization, marketing, policy, private sector, rice, trade, Viet Nam
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last updated: February 24, 1999