Business

Rice exports in Q2 fall

Rice exporters expected to ship 1.5 million tonnes of grain abroad in the second quarter of this year, 100,000 tonnes less than the previous quarter, said the Vietnam Food Association (VFA).
Rice exports in Q2 fall ảnh 1Illustrative image (Source: VNA)

HCM City (VNA) - Rice exporters expected to ship 1.5 million tonnes of grain abroad in the second quarter of this year, 100,000 tonnes less than the previous quarter, said the Vietnam Food Association (VFA).

As of May 18, rice exports reached over 2 million tonnes with 875 million USD in (free-on-board) FOB value and nearly 912 million USD in Cost, Insurance and Freight (CIF) value, up 15 percent in both volume and value from the same period last year.

The increase was buoyed by the surge gained in the first quarter thanks to several pending purchase orders under government-to-government (G-to-G) contracts with Indonesia, the Philippines and China signed in 2015.

In April, rice exports exceeded 453,000 tonnes, earning 212 million USD in FOB value, down 20.5 percent in volume and 7.5 percent in FOB value from the previous month.

The figures also presented a drop of over 30 percent in volume and 21.33 percent in FOB value compared with the same period last year due to a lack of collective contracts.

VFA forecast rice exports will increase in the second half, mostly in the three key export markets of the Philippines, Indonesia and China and at a higher price.

This increasing trend in price is stemming from falling output due to the impacts of the El Nino phenomena hitting major rice suppliers, namely Thailand, Myanmar, Cambodia, and Vietnam, according to VFA.-VNA

VNA
#rice exports #key markets #VFA #rice suppliers
Follow VietnamPlus

Related News

Vietnamese rice needs international brand name

Vietnamese rice needs international brand name

Vietnam’s rice brand is not strong enough to be well known in the global market although the country is one of the world’s largest rice exporters, heard a workshop in Ho Chi Minh City on April 28.

See more

The headquarters of the Vietnam International Financial Centre in Da Nang (Photo: VNA))

VIFC-DN gradually establishes position on global financial centre map

According to Dang Dinh Duc, Standing Vice Chairman of the VIFC-DN Executive Agency, the ranking marks an important milestone, reflecting the foundations that VIFC-DN and Da Nang authorities are gradually building to connect with international capital flows, institutions and markets.

Quy Nhon Port, located in Quy Nhon Bay of Gia Lai province, offers highly favourable conditions for vessel anchoring and cargo handling throughout the year. (Photo: VNA)

Vietnam Logistics Forum 2026 to be held in early November

The Vietnam Logistics Forum 2026 will take place on November 6-7 in Gia Lai province, bringing together management agencies, local authorities, associations, experts and businesses to identify opportunities and challenges and discuss logistics development solutions suited to the new period.

VCCI Chairman Ho Sy Hung speaks at the Vietnam Corporate Sustainability Forum (VCSF) 2026 in Hanoi on October 5, 2026. (Photo: VNA)

Vietnam’s corporate sustainability forum calls for new growth paradigm

Breakthrough growth and sustainable development should be pursued as a shared journey in which the State creates an enabling environment, localities support businesses, enterprises take the pioneering role, science and technology provide momentum, and society as a whole participates.

Khanh Hoa province is rolling out infrastructure projects for the Van Phong Economic Zone. (Photo: VNA)

Khanh Hoa targets green, smart marine economy

The province aims for average annual GRDP growth of 11-12% during 2026-2030, with the digital economy accounting for 35% of GRDP and total factor productivity contributing more than 55% to growth. Labour productivity is expected to rise by an average of 11% annually.

Comb honey produced using Le Loc Quan’s interlocking-frame technique is well regarded for its quality and popular in the Korean market (Photo: VNA)

Scientific initiatives add value to Vietnamese farm produce

In 2026, the Vietnam Farmers’ Union (VFU) Central Committee honoured 42 “Scientists for Farmers” and presented 24 “Farmers’ technical innovation” awards for initiatives developed from practical production needs. The recognised works demonstrate the growing role of science and technology in improving production efficiency, increasing the value of farm produce and helping farmers access new markets.

Shoe sole production at Kepai Co., Ltd. (a Japanese-invested enterprise) in Tan Kim Industrial Park (Tay Ninh) (Photo: VNA)

Tay Ninh expands industrial space to attract investment

To date, Tay Ninh has 3,234 domestic investment projects with total registered capital of nearly 800 trillion VND and 2,152 FDI projects with total registered capital exceeding 27 billion USD, ranking seventh nationwide in FDI attraction.

The Thu Thiem peninsula, an area positioned as the core of Vietnam's international financial centre. (Photo: VNA)

Vietnam revises scheme to improve sovereign credit rating by 2030

Under the decision, Vietnam aims to become a developing country with modern industry and upper-middle income by 2030, while building a competitive and effective governance system and a dynamic economy driven by science, technology, innovation and digital transformation.

Rooftop solar power system at Kizuna JV Joint Stock Company in Tan Kim Industrial Park (Can Giuoc commune, Tay Ninh). (Photo: VNA)

Rooftop solar power development falls short of target: deputy minister

Deputy Minister of Industry and Trade Truong Thanh Hoai noted that rooftop solar power has several advantages, including short construction time, limited land requirements and reduced transmission losses. The Government has therefore promoted its development amid rapidly rising electricity demand, projected to increase by around 10% annually.

Intensive shrimp farming zone of Vietnam Clean Seafood JS Company. (Photo: VNA)

Agriculture, forestry, fishery sector continues to underpin economy

The performance reflected relatively broad-based growth, with fisheries, livestock farming and perennial crops emerging as key drivers. These areas helped the sector continue to underpin the economy, safeguard food security and contribute to exports, Dau Ngoc Hung, head of the NSO’s agriculture, forestry and fishery statistics division, said at a press conference in Hanoi on October 3.

Shoppers at the Vietnamese goods section of Co.opmart Ly Thuong Kiet supermarket in Ho Chi Minh City. (Photo: VNA)

Vietnam’s CPI rises 4.52% in first nine months of 2026

Speaking at a press conference in Hanoi on October 3, NSO Director Nguyen Thi Huong said the CPI in September rose 0.62% from the previous month, mainly due to higher domestic fuel prices following global energy price movements and tuition fee increases at some universities and private schools for the new academic year.

DEEP C Hai Phong Industrial Park is envisioned as a model of an eco-industrial park and sustainable development in Vietnam. (Photo published by VNA)

Hai Phong works to expand cooperation space, anticipate green investment

In line with the Politburo's Resolution No. 10-NQ/TW on boosting the foreign-invested economic sector, the northern port city of Hai Phong is stepping up economic, trade, and investment connections with Chinese partners, creating new growth opportunities and enhancing foreign direct investment (FDI).

The Yaris Cross SUV led Toyota Vietnam’s sales in September 2026, with 1,799 units sold, including 413 hybrid vehicles. (Photo: VNA)

Toyota sales surge 45% in Vietnam, hybrids sales double

Toyota Vietnam sold 7,114 vehicles in September, up 45% month-on-month, while hybrid sales doubled year-on-year in the first nine months of 2026, showing growing demand for hybrid vehicles as Vietnam’s auto market moves towards greater fuel efficiency and lower emissions.