Vietnam ranks third in the world in rice exports

In 2024, Vietnam achieved a record in both rice output and export value, with a record 9 million tons exported earning 5.7 billion USD, marking an all-time high average rice export price of over 600 USD/ton. The country ranked third in rice exports globally, following India and Thailand. The growth in the rice industry is attributed to a focus on high-quality and fragrant rice varieties. However, challenges are expected in 2025 due to increased competition from countries like India, which plan to export more rice, and potential reductions in imports by major rice importers like Indonesia and China. The average export price of rice is predicted to fall below 600 USD/ton due to an increase in the global rice supply.

Source: Vtv.vn According to a report from the Ministry of Agriculture and Rural Development, in 2024, Vietnam achieved a record in both output and export value, about 9 million tons with 5.7 billion USD. The average rice export price also reached an all-time high of over 600 USD/ton. Vietnam's average rice export price in the past three years has had an impressive growth journey, increasing by over 28%, leading to double-digit growth in export turnover. In 2024, Vietnam will rank third in the world in rice exports after India with 17 million tons and Thailand with 10 million tons. Mr. Do Ha Nam - Chairman of the Board of Directors, General Director of Intimex Group - assessed that Vietnam is building a rice industry with a different direction, focusing on fragrant rice, high-quality rice, gradually reducing low-quality rice. In 2024, rice exports will set a record of 9 million tons in 2024 thanks to production and business according to market demand. Regarding production, ...