Business

Vietnam’s rice exports hit record high since 1989

Vietnam’s rice exports this year to the end of November hit a record high since 1989 with an export volume of nearly 7.8 million tonnes and turnover of 4.4 billion USD.
Vietnam’s rice exports hit record high since 1989 ảnh 1Farmers harvest rice in Can Tho city. (Photo: VNA)

Hanoi (VNA) – Vietnam’s rice exports this year to the end of November hit a record high since 1989 with an export volume of nearly 7.8 million tonnes and turnover of 4.4 billion USD.

Many experts expect that rice export would reach eight million tonnes with a total value of 4.6 billion USD in 2023. The initial target set at the beginning of this year is about seven million tonnes, relatively the same as in 2022.

Nguyen Van Don, Director of Viet Hung Ltd Company in the southern province of Tien Giang said that demand for rice in the global market remains high and prices of exported rice in other countries increase, but Vietnamese rice prices don't because supply has run short. Vietnamese rice exporters are now waiting for the new harvest season.  

According to Vietnam Food Association, in the last two weeks, Thai rice’s prices have increased by 5% to 632 USD per tonne, about 50 USD higher than those at the middle of last month. Pakistan's rice is priced at about 600 USD per tonne while Vietnamese rice at 663 USD per tonne. 

Chookiat Ophaswongse, Honorary President of the Thai Rice Exporters Association (TREA) said that Thai rice’s prices have recently increased sharply due to the limited supply of Vietnamese rice.

Thai rice exporters received new contracts from "unexpected" customers such as the Philippines and Brazil.

Don said that despite high prices, Vietnamese rice is welcomed by importers thanks to its quality, particularly its freshness. Vietnamese rice products are exported immediately after being harvested.

Vietnam’s rice exports hit record high since 1989 ảnh 2Many experts expect that rice export would reach 8 million tonnes with a total value of 4.6 billion USD in 2023. (Photo: VNA)

In terms of supply and demand, the world’s rice demand continues to remain high while India, whose rice exports are equal to the combined export volume of Thailand, Vietnam, Pakistan and Myanmar, has stopped exporting, which led to a shortage in the global market.  

The Philippines - a traditional customer of Vietnam and the world's largest rice importer - still has demand for more rice. Recently, to ensure reserves for national food security, the Philippine government has asked this country's traders to increase rice imports. Meanwhile, Indonesia also predicts that its first rice harvest in 2024 will be two months later than usual. As a result, the country will have to import about 2 million tonnes in 2024./.

VNA
#VietnamPlus #Vietnam News Agency #rice export #Vietnam #Thailand #Indonesia
Follow VietnamPlus

Related News

Vietnam rice exports surge to new record revenue

Vietnam rice exports surge to new record revenue

Vietnam set a new record in rice export revenue in the first nine months of 2023 thanks to the increasing price of exported rice, according to the Ministry of Agriculture and Rural Development.
Vietnam promotes rice exports to China

Vietnam promotes rice exports to China

A delegation of the Ministry of Industry and Trade (MoIT) led by Deputy Director of the ministry’s Agency of Foreign Trade Tran Quoc Toan and representatives from 19 Vietnamese rice exporters have paid a working visit to Beijing, China to promote Vietnamese rice in the market.
Ministry works to ensure rice export

Ministry works to ensure rice export

The Ministry of Industry and Trade (MoIT) is close monitoring rice production and the world rice market with a view to promptly tackling arising problems and facilitating rice production, business and export.

See more

At the 19th Ho Chi Minh City International Travel Expo (ITE HCMC 2025) (Photo: VNA)

ITE HCMC 2026 to connect Vietnam's tourism with the world

From its early editions in 2005-2010, which attracted around 210 exhibitors and 120 international buyers from 18 countries, ITE HCMC has grown significantly. This year's event is expected to feature more than 520 exhibitors and brands, 260 international buyers from over 40 countries and territories, and more than 21,000 pre-arranged B2B appointments.

Checking tickets before passengers board the train at Hai Phong Station. (Photo: VNA)

Vietnam-China rail link prioritised to boost trade

The Ministry of Construction said it has tasked the Vietnam Railway Authority with working alongside relevant Chinese agencies to develop detailed plans for the Hai Phong–Ha Long–Mong Cai railway, which is slated for completion in 2026.

Australian Treasurer Jim Chalmers (right) and Vietnamese Minister of Finance Ngo Van Tuan at their meeting in Sydney on August 11 (Photo: Ministry of Finance)

Vietnam, Australia strengthen all-round financial cooperation

Minister of Finance Ngo Van Tuan called on the Australian Government to continue providing official development assistance (ODA), particularly for climate-resilient infrastructure projects, share experience, and provide technical assistance in public financial management reforms.

Delegates press the button to launch the project. (Photo: VNA)

Ca Mau launches 96 million USD wind power project

The project which has a designed capacity of 50MW, will cover around 600ha of sea and land areas, with total investment estimated at 2.5 trillion VND (96 million USD). It comprises a 13km 110kV transmission line, a 63MVA step-up substation, medium-voltage underground cable systems, and wind turbines and their foundations.

A Vietnam Airlines aircraft. (Photo: VNA)

Vietnam Airlines marks 35,000th flight to Australia

Over 35 years of operations, Vietnam Airlines has operated 35,000 flights and carried 7.5 million passengers between Vietnam and Australia, reflecting steady market growth and rising demand for connectivity between the two countries.

A view of the press conference. (Photo: VNA)

2026 Banking Sector Digital Transformation to open in Hanoi

The annual event, which will be held on August 18-19, 2026, at the ICE International Exhibition Centre, 91 Tran Hung Dao Street, Hanoi, is expected to attract around 324 delegates and feature 21 booths representing credit institutions, payment intermediary service providers, and technology companies.

SME products livestreamed on the digital platform of Ca Mau Radio and Television Station.( Photo: VNA)

Digital transformation key to unlocking SME growth in Vietnam

Science, technology, innovation and digital transformation have become strategic imperatives directly linked to labour productivity, competitiveness, growth quality and the economy's self-reliance, with sci-tech application and innovation by small and medium-sized enterprises (SMEs) playing an important role.

New Zealand apples on sale at a supermarket in Vietnam (Photo: VNA)

Vietnamese consumers develop taste for Australian, New Zealand fruit

According to statistics from the Department of Customs, in the first six months of 2026, Vietnam imported 102.8 million USD worth of fruit, vegetables and flowers from Australia, up 55.7% from the same period last year. Australia's share of total imports rose from 5.5% to 6.51%, highlighting the growing position of the market as a supplier. Imports from New Zealand reached 78.04 million USD, up 20.4% year-on-year.

Semiconductor products, chips and components displayed at a ceremony to launch a national centre for semiconductor chip pilot production support in Hanoi on June 26. (Photo: VNA)

US semiconductor push offers Vietnam opportunities, policy challenges

The Vietnam-US semiconductor partnership is therefore not simply a “golden opportunity” arising from geopolitical shifts, but also a long-term test of Vietnam’s institutional reform and implementation capacity. If domestic capacity cannot keep pace, adjusting targets toward quality and execution, rather than simply expanding the number of projects, will be essential.

Workers process fruit for export at the Chanh Thu factory in Cho Lach commune, Vinh Long province. (Photo: VNA)

Vietnam works to maintain edge in key agricultural market

According to Le Hang, Deputy Secretary-General of the Vietnam Association of Seafood Exporters and Producers (VASEP), China and Hong Kong (China) remained bright spots for Vietnam’s aquatic exports in July, with revenue exceeding 267 million USD, up 24.7% year-on-year.

An estimated 6,300 workers are needed by the semiconductor industry in Bac Giang province during the 2025-2030 period. (Photo: VNA)

India's semiconductor strategy complementary to Vietnam's chip sector: expert

Sudhanshu Mittal, Director of Engineering Solutions at the National Association of Software and Service Companies (Nasscom) of India, noted that during the state visit to India by General Secretary of the Communist Party of Vietnam Central Committee and President To Lam in May, the two countries signed a number of cooperation agreements, with semiconductors identified as a priority area alongside artificial intelligence (AI), cybersecurity, and advanced technologies.

At the working session between Vietnamese Minister of Finance Ngo Van Tuan (right) and RMIT University’s Vice-Chancellor and President Professor Alec Cameron in Sydney on August 10 (Photo: tapchikinhtetaichinh.vn)

Vietnam, Australia seek to expand investment in rice value chain

During General Secretary of the Communist Party of Vietnam Central Committee and President To Lam’s state visit to Australia from August 9-12, Vietnamese Minister of Finance Ngo Van Tuan, authorised by the General Secretary and President, held working sessions with SunRice Group CEO Paul Serra and RMIT University’s Vice-Chancellor and President Professor Alec Cameron in Sydney on August 10.