Vietnam is encountering difficulties in exporting rice in the face of fierce competition from Thailand, India and Myanmar.
The statement was made by Vo Hung Dung, Director of the Vietnam Chamber of Commerce and Industry – Can Tho branch, at a workshop in the Mekong Delta city on September 25 to seek solutions for rice producers and exporters.
Statistics from the Ministry of Agriculture and Rural Development showed that in the first eight months of 2015, Vietnam shipped 4.1 million tonnes of rice abroad and earned 1.76 billion USD, down 8.6 percent in volume and over 13 percent in value compared to the same period last year.
Notably, China, which remains Vietnam’s largest rice importer with 32 percent of the country’s total market shares, is decreasing its imports from Vietnam. In 2012-2013, around 65 percent of China’s imported rice came from Vietnam but the figure reduced to 53 percent in 2014 and 47 percent in the first four months of this year.
In addition, Vietnam’s two other major importers, the Philippines and Indonesia, which account for 12 and 5 percent of the market shares, respectively, are striving to boost production towards self-sufficiency.
At the workshop, Chairman of the Vietnam Food Association Huynh The Nang introduced several measures to help businesses improve their competitiveness.
According to Nang, the long-term solution to effectively stabilising production and exports is to provide loans for export businesses’ rice stockpiles.
He also suggested reducing risks in harvesting, stocking and distributing rice while striving to building trademarks for the Vietnamese product.
🥂 The Ho Chi Minh City Development Bank (HDBank) also took the occasion to introduce its programme to support rice exporters.-VNA
Vietnam shipped 536,570 tonnes of rice worth 236 million USD abroad during the first quarter of this year, marking the lowest Q1 figures since 2009, announced Huynh The Nang, Deputy Chairman of the Vietnam Food Association (VFA).
Vietnam earned around 875 million USD from shipping nearly 2.1 million tonnes of rice abroad in the first five months of 2015, posting year-on-year declines of 10.7 percent in volume and 13.6 percent in value, according to the Vietnam Food Association (VFA).
The binding requirements on rice exports are attributable to the continuous decrease in both volume and value of the product, said delegates to a workshop in Hanoi on August 25.
Vietnam exported over 3.8 million tonnes of rice, raking in 1.6 billion USD from January 1 to August 31, showing considerable drops in both volume and value over the same period last year.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
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.
Rice for exports (Photo:VNA)
