Hanoi (VNA) – Prices of paddy and rice are on the rise as a result of increased exports to Indonesia and the Philippines, as well𝄹 as rising orders from China, according to the Ministry of Agriculture and Rural Development.
The price hikes were reported in Mekong Delta provinces last week amid severe saltwater intrusion that hit the region in early February, two months earlier than previous years, due to serious river water shortages.
In An Giang, the price of fresh IR50404 paddy rose by 50 VND per kg to 4,550 VND (0.204 USD) per kg.
That in Vinh Long fetched 4,650 VND (0.208 USD) per kg, up 150 VND, while the price of dried IR50404 paddy picked up 100 VND per kg to 5,100 VND (0.229 USD).
The Mekong Delta is busy harvesting its Winter-Spring rice crops which have been affected by the saltwater intrusion.
Last week, Vietnam sold 5 percent broken rice at the price of 360-370 USD a tonne, free on board (FOB) Saigon Port, from 350-360 USD a tonne of the previous week. The 25 percent broken price edged up 350-360 a tonne last week, from 350-360 a tonne two weeks ago.
The gains have kept Vietnam’s rice export prices at the same level as those of its nearest rival, Thailand.
Indonesia is currently the country’s biggest rice buyer, thanks to its deal to import one million tonnes of rice from Vietnam inked last year.
The Ministry of Industry and Trade forecast that Vietnam’s rice exports will continue suffering stiff competition from the world’s large rice exporters, such as Thailand, India and Pakistan, this year in terms of price and quality.
The Ministry of Agriculture and Rural Development estimated that Vietnam shipped about a million tonnes of rice abroad during the first two months of 2016 for 445 million USD, up 2.1 times in volume and two-fold in value compared with the same period last year.-VNA
Vietnam will have various advantages in exporting rice this year though it may have to compete with Thai rice in the global export market when Thailand sells rice at stock.
Vietnam exported nearly 315,000 tonnes of rice as of January 28, an increase of 46 percent compared with the same period last year, according to the Vietnam Food Association (VFA).
State and local rice firms should pay attention to developing domestic rice markets, as they have a great potential in the overall selling of rice, said experts.
Expanding into international markets to boost rice exports was the focus of a workshop held by the Ministry of Industry and Trade on February 22 in HCM City.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Vietnam Cycle Expo 2025 will coincide with the Vietnam Sport Show 2025, an international exhibition on sports and outdoor entertainment, expected to attract more than 20,000 visitors in the three-day event.
Despite global economic uncertainties, Binh Duong has maintained strong momentum in both exports and industrial production during the first half of 2025.
Illustrative image (Photo: VNA)
