Business

Rice exports expected to hit 5 billion USD this year

Rice export volume and value during the first 11 months surpassed the figures of the entire 2022, and this year’s revenue is expected to reach 5 billion USD, authorities said.
Rice exports expected to hit 5 billion USD this year ảnh 1About 7.1 million ha of rice was cultivated this year with productivity estimated at 6.08 tonnes of unmilled rice per ha. (Photo: VNA)
Hanoi (VNA) – Rice export volume and value during the first 11 monthssurpassed the figures of the entire 2022, and this year’s revenue is expectedto reach 5 billion USD, authorities said.

In 2023, the rice farming area nationwide is 7.1million ha with productivity estimated at 6.08 tonnes of unmilled rice per haand total output at 43.1 million tonnes, up about 420,000 tonnes from lastyear.

Some 7.75 million tonnes of milled rice wasexported during the first 11 months of this year to bring home an estimated 4.41billion USD in revenue, respectively rising 16.2% and 36.3% year on year. Exportprices averaged 568 USD per tonne during the period, up 17.3%, according to theDepartment of Quality, Processing and Market Development under the Ministry ofAgriculture and Rural Development (MARD).

The export volume has been kept at around 6million tonnes and increased over years, with annual value continually topping3 billion USD, statistics show.

At a workshop held in the Mekong Deltaprovince of Hau Giang on December 13, MARD Deputy Minister Tran Thanh Nam saidthe rice sector plays a crucial role in the agriculture of Vietnam and manyother countries in the region and the world.

Domestic and international rice markets willremain vibrant in the time ahead due to big import demand from China,Indonesia, the Philippines, the Middle East, and Africa, he forecast.

However, Nam noted, the growth in exportvolume will affect the stockpile in exporting countries while higher exportprices will also lead to an increase in unmilled rice prices, which in turnwill partly impact domestic prices of milled grains./.
VNA
#rice export #export prices #rice farming #Ministry of Agriculture and Rural Development #Mekong Delta #updated Vietnam news #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Mekong Delta develops 1 million ha of low-emission high-quality rice

Mekong Delta develops 1 million ha of low-emission high-quality rice

The Ministry of Agriculture and Rural Development in collaboration with the Mekong Delta province of Hau Giang on December 12 held a ceremony to launch a project on developing 1 million hectares of high-quality, low-emission rice linked with green growth in the Mekong Delta region by 2030.

See more

An overview of the meeting in Ho Chi Minh City to discuss measures to ease pressures on production and trade, and stablise the domestic market amid the escalating conflict in the Middle East. (Photo: VNA)

Measures sought to address business challenges amid Middle East conflict

Vietnam is facing a three-stage ripple effect - first on transport and fuel-dependent industries, then on sectors relying on their outputs, and ultimately on consumers. Volatility in key commodities like fuel is disrupting the entire supply chain and increasing the risk of market instability.

Workers load rice bags onto a vessel for delivery. (Photo: VNA)

PM directs tasks to accelerate 2026 export growth

During January – February, Vietnam’s total export-import value hit 155.7 billion USD, up 22.3% year-on-year. Of the total, exports were estimated at 76.4 billion USD, up 18.3%, while imports totaled 79.3 billion USD, up 26.3%.

A quick report from data analytics platform Metric shows the number of active sellers across Shopee, TikTok Shop, Lazada and Tiki has dropped to just over 602,000, marking a year-on-year decline of more than 7%. (Illustrative photo: VNA)

Higher marketplace fees weigh on online sellers

Analysts identify rising operational costs as the key factor behind the exodus. In 2025, platforms simultaneously rolled out fee hikes ranging from 10–15%, significantly increasing the financial burden on merchants.

The latest approvals underscore the growing presence of Vietnamese rice in one of the world’s most demanding markets. (Photo: VNA)

Fragrant rice deepens EU market presence

Although the volume of individual shipments remains relatively modest, industry experts say the steady flow of exports reflects stable demand in the EU for high-quality rice.

Promoting stronger foreign direct investment (FDI) inflows is considered an important solution to help drive economic growth. (Photo: VNA)

Vietnam emerges as hub for high-quality FDI

Vietnam is gradually becoming a strategic destination for high-quality global FDI. Investment flows are increasingly directed toward sectors such as high-tech manufacturing, electronics, digital infrastructure, modern logistics, and industries that are closely linked to global supply chains.

Shrimp processing for export at Huy Nam company, An Giang province. (Photo: VNA)

Fisheries sector proactively adjusts to emerging challenges

In addition to food safety regulations, the US continues to closely monitor the origin of imported seafood through the Seafood Import Monitoring Programme (SIMP) administered by the National Oceanic and Atmospheric Administration (NOAA). Requirements linked to the Marine Mammal Protection Act (MMPA) are also a major concern for businesses.