Vietnam pockets 2.5 billion USD from rice exports in nine months
Vietnam shipped nearly 5 million tonnes of rice abroad in the first nine months of this year, earning 2.5 billion USD, up 8.5 percent in volume and 23.2 percent in value year-on-year, statistics show.
Vietnam exports nearly 5 million tonnes of rice in the first nine months of 2018 (Source: VNA)
Hanoi (VNA) – Vietnam shipped nearly 5 million tonnes of rice abroadin the first nine months of this year, earning 2.5 billion USD, up 8.5 percentin volume and 23.2 percent in value year-on-year, statistics show.
China remained the largest importer of Vietnamese rice, accountingfor 23.2 percent of the total, according to the Agro Processing and MarketDevelopment Authority under the Ministry of Agriculture and Rural Development.
The price of the grain during January-August was averaged at504 USD per tonne, a year-on-year rise of 14.6 percent. Markets posting surgesin the price included Indonesia, Iraq, the Philippines and Malaysia.
Analysts predicted that the domestic rice market wouldthrive in the fourth quarter of this year thanks to increasing demand from suchimporters as the Philippines, the Republic of Korea (RoK), Nigeria and Egypt.
Egypt has recently agreed to import 1 million tonnes ofwhite rice from Vietnam in the next three to four months after it reduced some thearea for the cultivation of the grain due to a lack of water.
Typhoon Mangkhut, which hit the Philippines inmid-September, caused a loss of around 250,000 tonnes of rice in the country,thus leading to a year-on-year increase of 15-20 percent in its rice price.Therefore, the Philippine Government is expected to soon buy in via both G2Gand B2B contracts to supplement for the national stockpile and stabilisedomestic rice price.
The RoK has also declared to import additional 350,000tonnes of rice for domestic reserves and international assistance.
In Nigeria, floods damaged 21,000 hectares of rice, whichcan produce 168,000 tonnes of rice, also resulting in a spike in domestic riceprice. Although its government has banned rice imports since the beginning ofthis year, it may soon buy in due to limited domestic supply.
According to Nguyen Quoc Toan, acting Director of the AgroProcessing and Market Development Authority, there is a competition in pricewith Thailand and India, as their domestic currencies’ weakening against the USdollar has caused a fall in local rice prices.
In addition, China’s permission of 19 Indian companies’exports and its signing of a contract on the purchase of 10,000 tonnes of ricewith Thailand also make the export of Vietnamese rice to China tougher, Toanadded.-VNA
Vietnamese rice exports are expected to revive in the last quarter of the year following four months of stagnation, boosted by new purchase demand in some markets.
According to a new governmental decree, rice-exporting businesses will no longer be required to own rice storage, paddy milling and grinding facilities with processing capacities of 5,000 tonnes of rice and 10 tonnes of paddy per hour, respectively.
Vietnamese rice exports are expected to grow stronger by the end of the year after a brief lulling period, said Tran Van Cong, Deputy Director of the Agro Processing and Market Development Authority under the Ministry of Agriculture and Rural Development.
All service vessels and out-of-province fishing boats docking at fishing ports in Lam Dong province will undergo 100% inspection to ensure compliance with paperwork, port entry/exit procedures, and fishing log requirements. Their positions and voyages will be tracked around the clock from departure to return via the VMS.
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The Ministry of Industry and Trade is drafting a scheme on diversifying imported raw material sources for domestic production, with feedback from industry associations and businesses being incorporated into concrete proposals and support policies.
Notably, the hybrid segment recorded the strongest growth, with 7,112 units sold, a 72% year-on-year increase. The figures reflect a shift in consumer preference towards more environmentally friendly vehicles.
The project rolled out 21 pilot models, from goat and pig farming to coffee cultivation and the adoption of agricultural technology, helping farmers beef up production, spruce up livestock facilities, and improve market linkages.
Vietnam is ready to serve as an important gateway for Korean enterprises to enter the Southeast Asian market. Korean firms with experience and advanced technology to engage in energy transition and national infrastructure modernisation, said Party leader To Lam.
Two-way trade between Vietnam and Cambodia topped 7 billion USD in the first seven months of the year, up 16.3% against the same time last year. Vietnam’s exports to Cambodia hit 3.2 billion USD, rising 5.1%, while imports rose 28.1% to 3.8 billion USD.
The event took place within the Vietnam–RoK Economic Forum which is part of the Vietnamese leader’s state visit to the RoK. The documents span areas including energy, digital infrastructure, manufacturing, logistics, tourism, finance, and high-quality personnel training.
According to the Ministry of Agriculture and Environment, in May, June, and July, the country exported 7,745 batches of fresh durians totaling over 207,000 tonnes, more than 10 times higher than in the first four months of the year, as well as 560 batches of frozen durians weighing nearly 16,000 tonnes, up almost 64.3%.
The global bicycle market is projected to reach 69 billion USD by 2029, growing at 4.2% annually, according to consultancy and market research company Mordor Intelligence.
After a challenging first quarter, during which many companies recorded losses, the Vietnamese cement market has experienced a remarkable recovery, with several firms unexpectedly reporting substantial profits in the second quarter of 2025.
The Party leader said Vietnam is continuing to improve its institutions, enhance the investment and business environment, and address bottlenecks to unlock resources and push ahead with economic restructuring in tandem with renewing the growth model.
Export value to Thailand reached 33 million USD in the first six months, accounting for 10% of Vietnam’s total squid and octopus export revenue and making Thailand the country’s fourth-largest single export market.
Large-scale projects invested by Korean investors in strategic sectors such as semiconductors and energy are poised to give a strong boost to foreign direct investment (FDI) inflows into Vietnam, creating momentum to attract more high-value projects from global investors.
The recent administrative merger offers a unique opportunity to establish a unified and synchronised logistics system, turning the Southeastern Key Economic Region into a high-performing hub for trade, investment, and marine economy.
Vietnam’s state budget revenue from import-export activities reached over 261.37 trillion (9.97 billion USD) in the first seven months of 2025, equivalent to 63.6% of the annual estimate and 55.6% of the targeted goal, marking a 9.1% increase year-on-year, the Department of Customs reported.
Experts warned that excessive capital concentration in high-risk sectors like real estate and securities, risks of imbalances and non-performing loans could increase.
Demand for durians in the Chinese market is surging, prompting growing interest among importers in seeking supply from Vietnam. With its geographical proximity, short transport time and distinctive flavour, Vietnamese durian is highly regarded for both quality and long-term growth potential.
EVN leaders said CMIS has advanced to version 4.0 over the past two decades, fully digitising operations and customer services while handling data for over 32 million clients and processing hundreds of millions of transactions each year.
Vietnam exports nearly 5 million tonnes of rice in the first nine months of 2018 (Source: VNA) 
