Vietnam’s rice exports reached a record 9.04 million tonnes in 2024, up 11 percent year-on-year, with an increase of 21% in value to reach 5.7 billion USD. Meanwhile, rice import totalled 3.7 million tonnes last year.

Trade costs in Vietnam are higher than the regional average, and the competitiveness is limited due to a lack of policy orientations to promote the connection of the domestic market.