Vietnam's rice exports soar

11:38 | 15/08/2024 Major exports Follow Ven.vn on

Vietnam’s rice industry is experiencing a golden period, with exports projected to surpass 5 billion USD this year, fueled by robust global demand and stable prices, according to experts.

Illustrative image (Photo: VNA)

Between January and July, Vietnam shipped over 5.1 million tonnes of rice worth 3.2 billion USD aboard, up 25% in volume and 5.8% in value annually, reported the Ministry of Agriculture and Rural Development.

The Vietnam Food Association said the average export price of Vietnamese rice reached a record high of 636 USD per tonne, surpassing major competitors like Thailand, Pakistan, and India.

Traditional markets such as the Philippines, Indonesia, and China continue to be major buyers, while Vietnam is boldly venturing into new markets, including the Middle East, Africa, South America, the Republic of Korea and Japan.

The superior quality of Vietnamese rice, exemplified by the ST25 variety being twice named "World's Best Rice", is a key competitive advantage.

The global rice market is facing a shortage of 7 million tonnes this year, with some countries imposing export restrictions and others building up reserves. This presents Vietnam with both significant opportunities and challenges.

In this setting, the Ministry of Industry and Trade (MoIT) has urged rice exporters to closely monitor market fluctuations and exercise caution in pricing to maintain Vietnam's reputation for premium rice.

To address the complex issues facing the rice industry, the MoIT and the Ministry of Agriculture and Rural Development have proposed establishing a national rice council to coordinate research, policymaking, and industry development.

The council, serving as an inter-sectoral coordinating body, aims to foster connections across the entire rice value chain, from production to export, and elevate the global brand of Vietnamese rice.

Source: VNA

See more news

Việt Nam's wood exports rise, but challenges from market and natural disasters persist

09:31 | 27/09/2024 Major exports

Despite encouraging growth amid a volatile global economy, the timber industry faces significant challenges from market dynamics and natural disasters in the final months of 2024.

Vietnam wins bid to export rice to Indonesian market

09:30 | 26/09/2024 Major exports

Vietnam has won the bid to export nearly 60,000 tonnes of rice to Indonesia during its September bidding for the import of 450,000 tonnes.

Việt Nam's durian dominates fruit exports, outpacing dragon fruit

16:59 | 25/09/2024 Major exports

According to Vinafruit, the total area of fruit cultivation nationwide has expanded significantly, reaching nearly 1.25 million hectares in 2023, a 1.6-fold increase from 10 years ago.

Nine-month timber and wood product exports see robust growth

10:24 | 25/09/2024 Major exports

The opening nine months of the year witnessed timber and wood product exports reach US$12.15 billion, up 17.2% year on year, thereby making the products among the country’s top export items.

Export price of Vietnamese Robusta coffee beans shoots up globally

09:42 | 24/09/2024 Major exports

The export price of Vietnam’s Robusta coffee beans in the first half of September increased sharply and far exceeded the export price of Arabica coffee beans by nearly US$1,000 per tonne, according to the Vietnam Coffee and Cocoa Association (VICOFA).

Pangasius exports skyrocket, likely to fulfill US$2 billion export target

14:32 | 23/09/2024 Major exports

With pangasius exports soaring by 9% to reach nearly US$1.3 billion during the initial eight months of the year, Vietnam is likely to achieve the set target of earning US$2 billion from the export of the fish this year, according to the General Department of Vietnam Customs.

Fruit and vegetable exports tipped to grow strongly

15:58 | 22/09/2024 Major exports

According to the Vietnam Fruit and Vegetable Association (VINAFRUIT), from September 1 to September 20, 2024, Vietnam's fruit and vegetable exports were estimated at 920.380 million USD, up 9.1% over the previous month and up 37.9% over the same period in 2023.

Vietnam's rubber exports reach 1.7 billion USD in eight months

17:54 | 21/09/2024 Major exports

Vietnam’s rubber exports topped 1.7 billion USD in the first eight months of 2024, statistics show.

Vietnam's frozen durian exports to China could reach 300 mln USD in 2024: Official

09:58 | 20/09/2024 Major exports

Vietnam could earn 300 million USD from shipping frozen durian to China on the back of the signed protocol on plant quarantine requirements for the product between the two sides, Director of the Plant Protection Department (PPD) under the Ministry of Agriculture and Rural Development Huynh Tan Dat said on September 19.

More Tra fish exporters exempt from US anti-dumping tax

09:43 | 20/09/2024 Major exports

A total of eight Tra fish (pangasius) exporters from the nation have been exempt from anti-dumping tax, following the latest review carried out by the US Department of Commerce and the tax was imposed on frozen pangasius imports, according to information given by the Vietnam Association of Seafood Exporters and Producers (VASEP).

Latest Most Read

Vietnam Airlines reports record profit, ending four years of losses

17:03 | 30/12/2024 Vietnamese Brands

Vietnam Airlines is set to achieve a record pre-tax profit of 7.32 trillion VND (287.7 million USD) in 2024, ending four years of losses, with revenue expected to reach 114.7 trillion VND (4.5 billion USD), up 23% from last year.

Lam Dong welcomes 10 millionth tourist in 2024

16:59 | 30/12/2024 Tourism

The People's Committee of the Central Highlands province of Lam Dong on December 30 hosted a special event to welcome its 10 millionth tourist of the year.

Hoa Binh named among world’s most beautiful destinations: US magazine

16:55 | 30/12/2024 Tourism

The northern mountainous province of Hoa Binh has been listed among the 71 most beautiful places to visit worldwide by the prestigious US travel magazine Condé Nast Traveller.

MIC urged to promote digital infrastructure, AI application

16:51 | 30/12/2024 Science - Technology

Deputy Prime Minister Ho Duc Phoc has urged the information and communications sector to focus on developing digital infrastructure, strongly accelerate the application artificial intelligence (AI) and promote the digital industry, contributing to the whole country’s efforts to advance to a new era of prosperity and growth.

HCM City eyes sustainable cinema development

16:47 | 30/12/2024 Culture

Ho Chi Minh City, boasting a vibrant cultural landscape and dynamic film industry, stands at a crossroads to transform itself into a regional and international film hub.

Year-end stimulus expected to boost economic growth

15:37 | 23/12/2024 Economy

A series of year-end stimulus programmes is expected to support Vietnam’s economy to achieve the GDP growth target of over 7% this year.

Vietnamese aviation achieves high USOAP-CMA ratings in the region

16:08 | 23/12/2024 Economy

(VEN) - According to the International Civil Aviation Organization’s (ICAO) preliminary assessment report, Vietnam’s overall aviation safety oversight capability scored 78.4%, exceeding the 75% target of ICAO’s Global Aviation Safety Plan (GASP). Vietnam Economic News’ Thu Huong spoke with Dinh Viet Thang, Director of the Civil Aviation Authority of Vietnam, (CAAV) to learn about this.

30-day free rides on 17 bus routes connected to Metro Line 1

16:14 | 23/12/2024 Society

(VEN) - There will be 200 train trips to transport passengers, and all passengers using the 17 electric bus routes will enjoy free travel for one month from the launch date of Ben Thanh - Suoi Tien Metro Line (Metro Line 1).

Petrovietnam keeping national “energy flame” ever burning

16:17 | 23/12/2024 Vietnamese Brands

(VEN) - On November 27, in Hanoi, the Vietnam Oil and Gas Group (Petrovietnam) held a meeting to celebrate the 63rd anniversary of the Traditional Day of the Vietnamese oil and gas sector (November 27, 1961 - November 27, 2024). At the event, the Group praised outstanding member units for exceeding financial targets and implementing corporate culture in the first 11 months of 2024.

Organic textiles produced in Vietnam

16:25 | 23/12/2024 Economy

(VEN) - Apart from procuring machinery and equipment for the production of organic textile products, Vietnamese enterprises are gradually taking the initiative in sourcing raw materials that meet the organic standard - a very high standard in the global textile industry.

Multimedia

Video Longform Infographic Photo

Glorious tradition of the Vietnam People's Army

08:30 | 22/12/2024 Infographic

The Vietnam People’s Army (VPA) celebrate its 80th founding anniversary on December 22, 2024, a milestone in the army’s glorious history of serving and defending the nation. After 80 years of construction and development, the VPA has truly proven its revolutionary nature as an army “born from the people, fighting for the people, and serving the people”.

Total FDI registered in Vietnam hits 31.4 billion USD in January-November

09:02 | 17/12/2024 Infographic

As of November 30, 2024, the total newly registered capital, adjusted capital, and capital contributions or share purchases by foreign investors in Vietnam reached nearly 31.4 billion USD, up 1% increase compared to the same period last year.

First 11 months of 2024: Import-export turnover increases 15.4%

10:55 | 16/12/2024 Infographic

In the first 11 months of this year, Vietnam’s total import-export turnover reached 715.55 billion USD, up 15.4% against the same period last year, of which exports rose by 14.4% and imports up 16.4%. In the reviewed period, Vietnam enjoyed a trade surplus of 24.31 billion USD.

11-month agro-forestry-fishery exports exceed yearly target

19:55 | 15/12/2024 Infographic

Vietnam’s total export turnover of agro-forestry-fishery products in the first 11 months of 2024 reached 56.74 billion USD, an increase of 19% over the same period in 2023. The sector has exceeded the set target of 54-55 billion USD for the whole year, and is confidently aiming for a new record of 60 billion USD.

Hanoi achieves or exceeds 23/24 socio-economic targets for 2024

08:57 | 13/12/2024 Infographic

Hanoi achieves rather comprehensive results in its socio-economic development in 2024, with 23/24 targets completed or exceeded.

Policy

Organization downsizing must be linked to improvement of staffing quality: PM

15:44 | 29/12/2024 Policy

Prime Minister Pham Minh Chinh has requested linking organizational downsizing with improving the quality of civil servants, public employees, and officials, to ensure government agencies operate effectively, efficiently, and with capable personnel.

Amended Electricity Law proves MoIT’s institutional improvement success

17:06 | 23/12/2024 Policy

(VEN) - The amended Electricity Law has been recently passed by the National Assembly, marking a new milestone deeply influenced by the Ministry of Industry and Trade (MoIT) in enhancing the institutional framework in a “rapid” spirit.

Ministry proposes extending agricultural land tax exemption through 2030

15:06 | 23/12/2024 Policy

The Ministry of Finance has proposed the National Assembly extend the agricultural land tax exemption until December 31, 2030, a move aimed at encouraging investments in agriculture and rural areas to improve the competitive edge of the agricultural products amidst deeper international integration.

Gov't targets to gradually make English second language at schools by 2030

15:45 | 21/12/2024 Policy

The Government has approved a plan for international cooperation in the field of education and training until 2030 in order to improve the quality of workforce for socio-economic development.

Industry & Trade

New 300-hectare industrial zone near Long Thanh Airport

15:58 | 30/12/2024 Industry

A 300-hectare industrial zone near the mega Long Thanh International Airport has been licensed for development.

Vietnam, Canada have opportunity to cooperate in nuclear power: former Canadian Deputy PM

15:30 | 30/12/2024 Energy

Nuclear power is one of the priority areas where Canada and Vietnam can cooperate, and both sides have a good opportunity to share this technology and build nuclear reactors to provide their economies with clean, zero-emission energy, according to Jean Charest, former Deputy Prime Minister of Canada and former Premier of Québec.

Industry sector asked to urgently restart Ninh Thuan nuclear power project

14:35 | 24/12/2024 Energy

The industry and trade sector should exert efforts to speed up the implementation of the revised Electricity Law and the policy on restarting the Ninh Thuan nuclear power project in the south-central province of the same name, Deputy Prime Minister Bui Thanh Son has said.

Success story behind 500kV Circuit-3 transmission line project

16:43 | 23/12/2024 Energy

(VEN) - After over-seven-month construction, the 500kV Circuit-3 Quang Trach - Pho Noi power transmission line project, with its enormous workload, was completed on schedule, marking a milestone of the Vietnamese electricity sector in 2024.

Investment

Binh Duong creates many incentives for large FDI projects

17:23 | 29/12/2024 Investment

Southern Binh Duong province has attracted more than 2 billion USD in foreign direct investment (FDI) in 2024, exceeding the set target, continuing to reinforce its position as one of the country’s best performers in FDI attraction.

Vietnam increasingly attractive to foreign investors

14:17 | 24/12/2024 Investment

(VEN) - Many economists and international organizations forecast Vietnam can attract US$39-40 billion of foreign direct investment (FDI) in 2024, comparable to the result achieved in 2023, over US$39 billion.

Nghe An Southeast Economic Zone aims to attract 1 billion USD in FDI in 2025

12:33 | 21/12/2024 Investment

The Southeast Economic Zone of Nghe An Province targets attracting around 1 billion USD in foreign direct investment (FDI) in 2025, heard at a conference held by the Nghe An Southeast Economic Zone Management Board in Vinh City on December 20.

Boeing aims to expand investment and cooperation in Vietnam’s defense sector

17:00 | 19/12/2024 Investment

Mr. Dale McDowall, Executive Leader, Defense and Aerospace, Singapore and Southeast Asia at Boeing's Defense, Space & Security, announced that Boeing aims to invest in Vietnam and expand cooperation in the defense sector.

Finance-Banking

Forecast upbeat for banking industry in 2025

17:29 | 29/12/2024 Finance-Banking

Commercial banks' pre-tax profits in 2025 are forecast to grow by 14.9% year-on-year, while bad debt has peaked and is expected to decrease next year.

Banking sector: Capital flows with no congestion

15:35 | 25/12/2024 Finance-Banking

(VEN) - So far, despite the difficulties in capital sources, the Vietnamese banking sector continued to maintain stability. Capital injection into the economy has been more favorable, with no congestion like in previous years. That is a great achievement of the sector in 2024.

Cashless payment requires biometric data updating from January 1, 2025

10:30 | 24/12/2024 Finance-Banking

From January 1, 2025, customers will not be able to perform any digital transactions on mobile if they have not completed the biometric information update.

Year-end surge in property bond issuance amid financial challenges

09:39 | 20/12/2024 Finance-Banking

As 2024 draws to a close, Vietnam's real estate industry is witnessing a notable surge in corporate bond issuances.

Environment

Centre to apply AI to tropical cyclone forecasting

15:47 | 29/12/2024 Environment

The Hanoi University of Science and Technology's Institute for Research and Application of Artificial Intelligence, alongside relevant units, has been told to work closely with the National Centre for Hydro-Meteorological Forecasting (NCHMF) to integrate artificial intelligence (AI) into the forecasting of tropical cyclones ahead of the 2025 rainy and storm season.

Sowing millions of seeds to green Vietnam’s shared home

15:08 | 24/12/2024 Environment

Each year in Vietnam, millions of seeds are persistently sown to increase forest coverage, contributing to watershed protection, safeguarding mangrove ecosystems, and mitigating the impacts of climate change.

Dong Thap revives red-crowned crane population

14:29 | 24/12/2024 Environment

In a bid to save its iconic symbol, the Mekong Delta province of Dong Thap is embarking on a conservation and development scheme for the critically endangered red-crowned cranes at the Tram Chim National Park for the 2022–2032 period.

Vietnam likely to face continued turbulent weather systems in 2025

14:26 | 19/12/2024 Environment

Global temperatures are expected to rise next year, posing a significant risk of extreme and prolonged heat waves in Vietnam, Mai Van Khiem, Director of the National Centre for Hydro-Meteorological Forecasting (NCHMF), has predicted.

Science - Technology

MIC urged to promote digital infrastructure, AI application

16:51 | 30/12/2024 Science - Technology

5G technology to yield US$1.5 billion revenue for Vietnamese telecom operators

09:56 | 29/12/2024 Science - Technology

(VEN) - The fifth-generation (5G) technology is forecasted to yield US$1.5 billion in revenue for Vietnamese telecom operators by 2030. 5G services are expected to contribute 7.3-7.4% to Vietnam’s gross domestic product (GDP) growth in 2025.

Safe nuclear power development essential for clean energy frontier: Japanese expert

10:37 | 28/12/2024 Science - Technology

Vietnam needs to acquire technologies to ensure the safe management of nuclear power plants, and establish an appropriate financial mechanism to secure the substantial initial investment capital for the plan, according to Hisanori Nei, Professor Emeritus of the National Graduate Institute for Policy Studies of Japan.

Innovative startup ecosystem witnesses strong development

09:21 | 25/12/2024 Science - Technology

(VEN) - Vietnam is emerging as one of the dynamic emerging economies and a hub for innovative startups in the Asia-Pacific region thanks to a strong development of its innovative business ecosystem.

Society

Stricter fines for traffic violations introduced under new decree

15:38 | 30/12/2024 Society

Fines for cars which don't stop at red lights will increase sharply to 20 million VND (780 USD) starting on January 1, up from the previous 6 million VND (230 USD), under the new Decree No. 168/2024/ND-CP issued by the Prime Minister.

Hanoi aims to create 169,000 new jobs in 2025

15:56 | 29/12/2024 Society

Hanoi plans to create 169,000 new jobs in 2025, reduce urban unemployment rate to below 3%, and increase the proportion of trained workers to 75%, according to the municipal People’s Committee.

Planning of Long Thanh International Airport partially adjusted

20:39 | 28/12/2024 Society

(VEN) - The planning of Long Thanh International Airport has just been partially adjusted to ensure compliance with the demand for exploitation and development investment.

Air tickets from HCMC fully booked for Tet holiday

17:31 | 26/12/2024 Society

Flight tickets for many routes from Ho Chi Minh City (HCMC) to northern and central provinces or cities for the upcoming Tet (Lunar New Year) holiday have sold out.

Vietnamese Brands

Vietnam Airlines reports record profit, ending four years of losses

17:03 | 30/12/2024 Vietnamese Brands

Vietnamese farm produce favoured by Malaysians: Trade counsellor

10:58 | 28/12/2024 Vietnamese Brands

Vietnamese goods, especially farm produce, are expanding their presence in retail chains and supermarkets across Malaysia, including well-known ones, reflecting growing consumer preference for Vietnamese products, according to Trade Counsellor of Vietnam in Malaysia Le Phu Cuong.

PV GAS sets many records, exceeds 2024 production, business plan

16:57 | 25/12/2024 Vietnamese Brands

(VEN) - With the motto of action “Adding new motivation, renewing old motivation,” along with the proactiveness, determination, and breakthrough in transforming the business model, PV GAS is estimated to comprehensively complete and exceed the production and business targets for 2024, setting many records and historical milestones.

“PV GAS - Green Energy Journey” marathon: Act for health, act for the environment

06:00 | 25/12/2024 Vietnamese Brands

(VEN) - On December 22, the “PV GAS - Green Energy Journey” marathon was officially kicked off in Hanoi by the Petrovietnam Gas Joint Stock Corporation (PV GAS). This event marks the beginning of a series of vibrant social and sports activities in both Hanoi and Ho Chi Minh City, celebrating PV GAS’s successful 2024 – a year in which it shone as an energy spotlight in Vietnam. PV GAS has continuously achieved remarkable milestones, expanding its footprint to ensure comprehensive, flexible nationwide supply of clean gas.

Culture

HCM City eyes sustainable cinema development

16:47 | 30/12/2024 Culture

Ho Chi Minh City, boasting a vibrant cultural landscape and dynamic film industry, stands at a crossroads to transform itself into a regional and international film hub.

Cultural Heritage positions national brand in international arena

15:12 | 30/12/2024 Culture

(VEN) - In 2024, Vietnamese heritage sector has left many positive marks, including the National Assembly’s approval of the amended Law on Cultural Heritage which has contributed to promoting the value, and improving the effectiveness of the management and preservation of cultural heritage.

Raising Vietnam’s value through cultural diplomacy

11:17 | 28/12/2024 Culture

In November 2024, the “Vietnam Days Abroad” programme made its debut in Latin America, leaving lasting impressions.

“City Tet Fest - Thu Duc 2025” New Year Festival to be held soon

16:33 | 25/12/2024 Culture

(VEN) - The New Year Festival “City Tet Fest - Thu Duc 2025” will take place from December 28, 2024 to January 1, 2025 at Saigon Riverside Park, Ho Chi Minh City.

Tourism

Lam Dong welcomes 10 millionth tourist in 2024

16:59 | 30/12/2024 Tourism

The People's Committee of the Central Highlands province of Lam Dong on December 30 hosted a special event to welcome its 10 millionth tourist of the year.

Hoa Binh named among world’s most beautiful destinations: US magazine

16:55 | 30/12/2024 Tourism

The northern mountainous province of Hoa Binh has been listed among the 71 most beautiful places to visit worldwide by the prestigious US travel magazine Condé Nast Traveller.

Tourism potential of islands in southwest Vietnam unlocked

10:44 | 28/12/2024 Tourism

Kien Giang, a coastal province located in the southwesternmost of Vietnam, boasts over 200 kilometres of coastline and more than 143 islands with picturesque beaches attracting millions of tourists annually.

Ninh Binh promotes green tourism development

06:22 | 27/12/2024 Tourism

(VEN) - Like the central province of Quang Nam, the northern Ninh Binh Province is considered a model for ensuring harmony between tourism development and environmental resource protection. The local people are considered the center for developing green tourism and sustainable development.

Vietnam's rice exports soar

See also

See more news

Multimedia