Although Vietnam holds huge potential to boost rice export in 2024 as the world is forecast to face a shortage of about 5 million tonnes of the grain, limitations in linkage chain must be tackled for the industry to move forward.
A stronger linkage chain will enable risk sharing and benefit harmonising, helping the rice sector develop sustainably. (Photo: baochinhphu.vn)
Hanoi (VNA) – Although Vietnam holds huge potential to boost riceexport in 2024 as the world is forecast to face a shortage of about 5 million tonnes ofthe grain, limitations in linkage chain must be tackled for the industry tomove forward.
According to Deputy Minister of Agriculture and RuralDevelopment Phung Duc Tien, a stronger linkage chain will enable risk sharingand harmonised benefits, helping the rice sector develop sustainably.
Production linkage has an important role to play in agricultural productionsince it will help prevent the situation that bumper crops dragdown rice prices.
Since the rice linkage remains weak, the agricultural ministry has penned aproject to develop rice production chain, with the participation of 14provinces across the nation, Tien said, adding hi-tech farming models deployed in the chain so as to improve thecompetitiveness of the sector, making it better integrate in the global supplychain.
The US Department of Agriculture forecast that the globalrice supply is no longer abundant in 2024 when rice output of India, accounting for morethan 40% of world rice export, would decline by around 4 million tonnesto 132 million tonnes.
Other major exporters such as thePhilippines, Indonesia, Thailand and Cambodia are also predicted to see dropping rice output due to the impacts of El Nino and climate change.
The Ministry of Industry and Trade said that Vietnam will enjoy a robust yearof rice export due to great demand from Indonesia, the Philippines, Malaysia,China and several African countries for fear of El Nino which could linger tillmid-2024.
Right in January, Indonesia opened a tender to import 500,000 tonnes of riceto bolster the country’s food reserve, with Vietnamese companies winning contracts to supply nearly400,000 tonnes. This signals a positive outlook for a successful year for therice sector.
Statistics from the agricultural industry showed that Vietnam exported 1.02million tonnes of rice for 708 million USD in the first two months of thisyear, up 49.8% in value year-on-year.
The💃 country aims to ship some 6.5 million tonnes of🦄 rice abroad this year./.
The recent falls in rice prices are only short-term and the upward trend will continue in 2024 on limited supply, providing significant opportunities for Vietnam’s rice export, analysts have said.
Vietnam’s rice export has been shifting significantly toward high-quality and speciality products rather than quantity, with an annual stable turnover from 6.2 to 6.3 million tonnes in 2019-23, chairman of Vietnam Food Association Nguyen Ngoc Nam said at the Rice News Convention in the central city on March 6.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
A stronger linkage chain will enable risk sharing and benefit harmonising, helping the rice sector develop sustainably. (Photo: baochinhphu.vn) 
