According to representative from Vietnam Food Association, Thailand are likely to go ahead with the sale in the near future. This will be one factor in dragging world rice prices down and may have a negative impact on Vietnam's rice exports. However, Vietnamese rice still can compete with Thai rice in traditional markets such as China, Indonesia and the Philippines because Thailand has a low volume of white rice, while demand is high in these markets. This year, VFA will focus on boosting exports to near and traditional markets in Asia, including China and Southeast Asia, and increasing exports of fragrant rice to Hong Kong and Singapore.
