Vietnam exported 6.16 million tonnes of rice in the first eight months of this year, up 5.9% over the same period last year, the Ministry of Agriculture and Rural Development (MARD) has said.

Some Vietnamese rice export companies have won bids at prices lower than the export price on the world market, prompting questions about potential violations of the competition law.

The General Department of Customs (GDC) reported that Vietnam exported more than 1 million tons of rice last April, worth $620 million.

Vietnam exported nearly 46,000 tonnes of rice to the EU market worth US$41.4 million during the first quarter of the year, representing an increase of nearly 118% against the same period from last year.

Vietnam has for the first time surpassed India and Thailand to become the largest rice exporter to Singapore.

The International Cooperation Department under the Ministry of Agriculture and Rural Development confirmed the inaccurate information regarding Vietnamese fragrant rice of ST24 and ST25 benefiting preferential taxes in the European Union market.

After many fluctuations in supply and prices last year, global rice trade continues to be "hot" from the beginning of this year.

This is a part of Directive 10/CT-TTg on promoting production, business and export of rice in a sustainable, transparent and effective manner in the new situation, issued by Prime Minister Pham Minh Chinh on March 2, 2024.

Vietnam shipped nearly 104,000 tonnes of rice to the EU market worth US$71.7 million last year, exceeding the quota of 80,000 tonnes per year under the EU-Vietnam Free Trade Agreement.

Political conflicts and climate change, which caused rice demand and rice prices to increase in 2023, are continuing in 2024. Therefore, the need to import and reserve food in general and rice in particular is continuing to increase this year.

As many as 161 merchants had been granted certificates of eligibility for exporting rice as of January 22, decreasing from mid-2023, reported the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).

Vietnam exported more than 8 million tonnes of rice in 2023, and the Philippines was the largest rice buyer, according to the General Department of Customs.

Export results in 2023 are believed to be a stepping stone for the rice sector to seek new markets, affirm the brand of Vietnamese rice, better guarantee national food security, and promote sustainable production and export in the time ahead.

Rice export volume and value during the first 11 months surpassed the figures of the entire 2022, and this year’s revenue is expected to reach US$5 billion, authorities said.

Rice export volume and value during the first 11 months surpassed the figures of the entire 2022, and this year’s revenue is expected to reach 5 billion USD, authorities said.

Vietnam has had a bountiful rice crop in 2023, with export prices hitting historic peaks and a record high export value of $4.41 billion.

The Vietnam Rice Industry Association (VIETRISA) made its debut at its first congress for the 2023 - 2028 tenure held in the Mekong Delta city of Can Tho on December 11.

Vietnam’s five percent broken rice export price has soared to $653 per ton, but despite the big volume of exports and price increases, large exporters have seen profits decrease.

The Ministry of Industry and Trade’s Department of Export and Import recently announced a list of 170 eligible rice exporters as of October 18.