In 2024, Vietnam achieved a record in rice exports, shipping out 9.18 million tons and generating 5.75 billion USD, an 11% increase from the previous year in volume but a 23% rise in revenue, thanks to higher export prices. The average price per ton rose to 627 USD, a 9% increase from 2023. The country exported to around 150 countries, benefiting from new-generation free trade agreements. However, rice exports in 2025 are expected to decline in both volume and price due to decreased demand and increased competition. Export prices have already dropped to their lowest in over two years. Factors such as India's relaxed export restrictions and the need for importers to seek rice from other countries due to high Vietnamese prices are contributing to the anticipated decline.