Vietnam is a prominent rice exporter with key import markets including the Philippines, Indonesia, China, Ghana, Malaysia, and Singapore. Among these, the Philippines stands out, importing up to 38% of Vietnam's total rice exports.
Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore by shipping 36.15 million SGD (26.55 million USD) worth of rice in the first three months of this year, an increase of 80.46% over the same period in 2023, winning 32.03% of the market share, according to the Vietnam Trade Office in Singapore.
Vietnam's position as the world's third-largest rice exporter presents a significant opportunity for the rice industry to transform itself and emerge as a dominant player in the global market in terms of both quantity and quality.
Thanks to tireless efforts, Vietnam has not only ensured domestic food security but also turned rice into a billion-dollar export item, helping the country to become one of the leading rice exporters in the world.
The fifth Vietnam Rice Festival is underway in Vinh Long province in the Mekong Delta on January 7 – 10 as part of an effort to promote Vietnamese rice domestically and globally.
Up to 205 local traders nationwide were permitted to export rice as of January 18, following a list released by the Ministry of Industry and Trade’s Agency of Foreign Trade.
Vietnam may become the leading global rice exporter in 2020, Minister of Industry and Trade Tran Tuan Anh told the ongoing ninth session of the 14th National Assembly in Hanoi on June 15.
Officials from provinces and cities in the Mekong Delta – the country’s rice granary - and rice exporters have urged the government to resume rice exports without setting limits, saying many firms face difficulties because of this.
The State-run Vietnam Southern Food Corporation (Vinafood II) raised nearly 1.16 trillion VND (51.1 million USD) from selling 22.97 percent of its stakes at an initial public offering (IPO) on March 14.
The Thai Government has launch three additional initiatives to support farmers, which were approved at the August 4 meeting of the National Rice Policy and Management Committee.
Thai Prime Minister Prayut Chan-o-cha said the country is determined to sell all the rice in national reserves this year, reported local media on January 17.
Food self-sufficiency is expected to be realised in Indonesia in 2018, and there will be no imports in 2016, Indonesian Vice President Jusuf Kalla has asserted.
The Thai government on September 14 decided to temporarily stop holding state rice auctions to avoid oversupplying the market ahead of the annual crop harvest in November.
