The rice market is expected to continue gaining ground in export, as the Philippines plans to import a million tonnes in early 2016.
Earlier, after winning bids to sell 450,000 tonnes of rice to the Philippines and a million tonnes to Indonesia, Vietnam has seen rice export prices grow continuously.
A range of Vietnamese rice products, which have been exported at prices lower than Thailand’s for a long time, are now valued at 10 to 15 USD more per tonne than the same Thai products.
Businesses expect the prices to rise further once Indonesia starts importing rice.
According to the Vietnam Food Association, by October 20 Vietnam had shipped 4.5 million tonnes of rice abroad, reeling in more than 1.9 billion USD.
Increases in exports push domestic business transactions, as local merchants collect more goods to cater to rice exporters’ demands.
Domestic prices also rose across the Mekong Delta. Rice in Can Tho costs 400 VND per kilogram more than it did the previous harvest.-VNA
Total rice output this year is estimated at 45.1 million tonnes, a 0.3 percent increase from 2014, according to the Ministry of Agriculture and Rural Development.
Rice demand from Vietnam's traditional markets is showing signs of recovery for the next six months, according to Huynh Minh Hue, Vice Chairman of the Vietnam Food Association (VFA).
Public-private partnership in developing rice value chain was the focus of discussion at a Southeast Asia forum on the future of rice held in Ho Chi Minh City on October 14-16.
Indonesian President Joko Widodo has given the green light for rice import from Vietnam and Thailand in a bid to cater for domestic consumption and stabilise prices.
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 (Source :VNA)
