Hanoi (VNA) – The rising demands for rice in internationalmarkets and higher prices are benefiting rice exporters as 🦂the number of orders has increas🍸ed sharply.
According to Bui Thi Thanh Lam, Vice Chairwoman of the Vietnam FoodAssociation (VFA), Vietnam has enjoyed many advantages in rice exports in 2022 and2023. In the first six months of the year, riceexports reached 4.27 million tonnes worth 2.3 billion USD, up 22.2% in volumeand 34.7% in value over the same period last year. The Philippines remained the largest rice importer ofVietnam, followed by China. Indonesia has just opened a bid package for 300,000tonnes of rice which not only boosts the export market for Vietnam butalso pushes up rice prices. According to the Ministry of Industry and Trade, the export prices of rice have been continuously revised up since mid-July. Only in the first two tradingsessions of the week, Vietnam's export rice prices had two consecutive upward adjustmentswith an increase of 15 USD per tonne. Specifically, on July 19, the country’s 5% broken rice was offeredat 528 USD per tonne and Vietnam’s 25% broken rice price was 508 USD per tonne,about 20 USD higher compared to those at the beginning of the month.
In the first six months of the year, rice exports reached 4.27 million tonnes worth 2.3 billion USD, up 22.2% in volume and 34.7% in value over the same period last year. (Photo: VNA)
Talking about the prices of Vietnamese rice from now until the endof this year, Hoang Thi Van, an economist at the Institute of Economics and Finance, said that the amounts of rice exported by India, Pakistan and Thailand this yearmay continue to be limited due to the drought caused by El Nino phenomenon. Itis expected that Vietnam's rice exports this year may continue to exceed 7million tonnes. Nguyen Thi Quynh Hoa, from the Vietnam Institute of Strategy and Policyfor Industry and Trade, suggested a number of solutions to maintain theadvantages in rice exports.
First, it is necessary to perfect institutions and policies topromote exports and expand markets. She underlined the need for relevant agenciesto review mechanisms for managing rice export trading activities in line with movementsof domestic and international markets, ensuring its effectiveness along with nationalfood security.
Second, attention should be paid to developing qua𒈔lity andsustainable rice supply. Specifically, mechanisms should be issued to encourageand create favourable conditions for research, selection and breeding ofhigh-yielღd and high-quality rice varieties such as fragrant rice and famous brands, namely ST24 and ST25.
Market information work should be strengthened along with tradepromotion, she added. Hoa also said that it is necessary to invest in upgradinginfrastructure and logistics systems for rice exports as well as developingdigital infrastructure and e-commerce./.
The chance has come and doesn’t wait any, so it is necessary seize it to step up rice export, Minister of Agriculture and Rural Development Le Minh Hoan told this ministry’s meeting on July 6.
Although Vietnamese rice has been exported to 150 countries and territories, markets for the product are mainly Asian countries and thus need to be diversified, according to experts.
In a recently published report, HSBC Vietnam posits that the recurring El Niño, after an absence of three years, could heighten the threat of droughts, water scarcities, and potential disruptions in trade across the ASEAN region.
The export of rice, fruit and vegetables to China and other markets posted a remarkable surge by 34.7% and 64.2%, respectively in the first half, said an official during a meeting of the Ministry of Agriculture and Rural Development (MARD) in Hanoi on July 19 to review the market situation and launch tasks for the coming quarters of this year.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
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During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
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.
Illustrative image. (Photo: VNA) 
In the first six months of the year, rice exports reached 4.27 million tonnes worth 2.3 billion USD, up 22.2% in volume and 34.7% in value over the same period last year. (Photo: VNA) 
