2011 continues to be a successful year for Vietnam’s rice exports in both volumes and revenues. Farmers have made record profits from rice cultivation, and during the final months of this year, Vietnam has signed additional contracts to export rice. With such positive indicators, Vietnam is poised to export 7 million tons for this year.

Ranking 5th in the world in production, Vietnam now exports tea to 110 countries and territories. But 95% of its tea is exported as raw material only. Vietnam is finally recognizing a need to develop a marketing brand for its specialty.

The Vietnamese government is continuing its policy of strict control over public investment. Ministries and provinces have been instructed to cut down public investment while involving other economic sectors to invest in socio-economic development projects.