HCM CITY â€” The Rice International Conference and Exhibition (RICE Dubai 2011) to be held in Dubai in early November would boost to rice exports from Viet Nam to the United Arab Emirates, the organiser of the event has said.
Dr Faisal Ali Musa, RICE Dubai chairman, said in HCM City yesterday that the UAE could become a gateway for Vietnamese rice to a much larger market covering the Middle East, North America, Africa, and South Asia.
It had competitive advantages like a strategic location, shipping infrastructure, storage facilities and trade promotion, he said.
The UAE is the world's largest re-exporter of the grain, buying over US$2 billion worth last year and reselling 93 per cent of it.
But Viet Nam accounted for a modest $1.8 million of that figure.
Though Vietnamese rice was of high quality, Faisal said, exporters in this country did not have good contacts with importers in the Emirates.
He advised that, like major exporters such as India and Pakistan, Viet Nam should set up representative offices in the UAE to support its traders.
He also said business is wishing to participate in the event should prepare very carefully and come with brochures and samples and even cook their rice for potential buyers to try.
Viet Nam hopes to export six million tonnes of rice this year.
Those attending the inaugural RICE Dubai event were also likely to find investors in the rice business since the UAE property sector was going through a difficult period and investors were seeking to diversify into farming, he said.
Faisal expected rice importers and exporters from around 60 countries to take part in the event to be held from November 3 to 5.
Than Thanh Vu, chairman of Sao Khue Investment and Trade Promotion Organisation, said many major rice exporters had registered to meet Faisal to seek information about RICE Dubai.
His organisation is the sole partner of RICE Dubai in Viet Nam, Cambodia, and Laos. â€” VNS