Vietnam’s rice exports little affected by Thailand’s bargain sale
Thailand’s plan to sell off more than 11 million tonnes of rice reserves will not impact Vietnam’s rice exports, according to several exporters in the Mekong Delta city of Can Tho.
Can Tho (VNA)👍 – Thailand’s plan to sell off more than 11 million tonnes of rice reserves will not impact Vietnam’s rice exports, according to several exporters in the Mekong Delta city of Can Tho.
Nguyen Trung Kien, chairman of Gentraco Corporation, one of the city’s leading rice exporters, said sales from Thailand will not be competitive with Vietnamese rice as about 80 percent of Thailand’s proposed sales are for industrial use.
Thailand’s move may affect the volume of Vietnamese rice exports but not export markets as the reserve rice is old and of low quality which can only be used in food processing or sold to some poor countries and humanitarian organisations, said Pham Thai Binh, Director of Trung An Co. Ltd.
Vietnam has stable export markets which prefer high-quality and newly-harvested rice, Binh said.
The world’s demand for rice is also rising as the output of rice in several countries is likely to decline due to bad harvests, he said.
Binh said that Vietnam’s rice exports this year are likely to reach 7 million tonnes.
According to Nguyen Minh Toai, head of the municipal Department of Industry and Trade, rice exporters need to closely monitor Thailand’s clearance sale.
In order to maintain traditional rice markets, exporters should keep close track of demand and further improve products’ quality, according to several enterprises.
Last year, Vietnam was the third largest rice exporter in the world with an export volume of 6.4 million tonnes.-VNA
Rice exports have surged in the first two months as many of last year's contracts are being executed this year, according to the Vietnam Food Association.
Local rice exporters have offered a higher export price due to price rise in the domestic market, thereby losing the advantage in the competitive world market, said experts.
The rice output of the winter-spring rice crop fell significantly due to drought and salination, but with an additional 200,000ha to be planted in the Mekong Delta, there will be enough rice exports.
The Vietnam Food Association (VFA) aims to export 1.6 million tonnes of rice in the second quarter of this year, 200,000 tonnes lower than initially planned.
Thailand’s government on April 25 announced a plan to sell all 11.4 million tonnes of rice in stockpile within two months with the aim to generate 100 billion THB (2.84 billion USD).
Vietnam’s rice brand is not strong enough to be well known in the global market although the country is one of the world’s largest rice exporters, heard a workshop in Ho Chi Minh City on April 28.
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.
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.
Illustrative photo (Source:VNA)
