Vietnam’s rice sector expected to win big with exports in 2023
Vietnam’s rice sector is expected to hit big from exports this year, heard a conference held by the Ministry of Industry and Trade (MoIT) in Ho Chi Minh City on February 21.
HCM City (VNA) – Vietnam’s rice sector is expected to hit big fromexports this year, heard a conference held by the Ministry of Industry and Trade(MoIT) in Ho Chi Minh City on February 21.
Speaking at the event, the Director of the MoIT’sDepartment of Export and Import Pham Van Chinh said thanks to the Government’stimely support, Vietnam exported 7.13 million tonnes of rice last year, up13.8% in volume and 5.1% in value annually, making it among the top three riceexporters globally.
This year, Vietnam’s rice export is estimated at about 6.5-7million tonnes thanks to higher demand for Vietnam’s quality rice.
According to the Vietnam Food Association, Vietnam’s rice exportprices maintained growth in the first two months of this year.
Rice production for export is mostly in the Mekong Delta whilethat in other regions is mainly for domestic consumption, said the Ministry of Agricultureand Rural Development (MARD)’s Department of Crop Production.
Deputy Director of the Can Tho municipal Department of Industry andTrade Tran Minh Kiet said since the beginning of this year, exporters havefulfilled signed contracts and struck new deals. The agreements have been mostly shipping jasmine riceto the Philippines, Ghana, Cameroon, Ivory Coast, and especially the Republic ofKorea.
Deputy Director of the An Giang provincial Department of Industryand Trade Nguyen Thanh Huan proposed that the MoIT continue assisting localitieswith market information as well as inviting domestic and foreign importers to localitiesfor the purchase of agro-fisheries.
🍒 Besides, the MoIT and MARD suggested China hold more trips toVietnamese localities to grant licenses to eligible businesses to export riceto the country./.
The southern region should prioritise rice varieties with high quality and yields for export in the upcoming winter-spring rice, Deputy Minister of Agriculture and Rural Development Le Quoc Doanh has said.
Loc Troi Group, a leading provider of agricultural services and products in Vietnam, has so far got orders to export 400,000 tonnes of rice to the European Union (EU) market in 2023, according to a representative of the company.
Vietnam is working towards the target of exporting 7 million tonnes of rice this year, heard a forum held by the Ministry of Agriculture and Rural Development (MARD) on November 19.
Vietnam’s rice export is forecast to continue reaping successes this year as the world's rice prices remain high at least in the short term as global economic and political uncertainties have resulted in a high demand for rice reserves, according to experts.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Illustrative image (Photo: VNA) 
