Vietnam rice export: New opportunities and challenges

According to statistics from the General Administration of Customs of Vietnam, as of August 2023, Vietnam's rice export volume reached nearly 6 million tons, a record high, a year-on-year increase of 20%, and completed 89% of the full-year plan for 2023. ​ The record high rice exports brought the value of rice exports in the first eight months of this year to nearly 3.2 billion US dollars, an increase of more than 34%. The Philippines, China, Indonesia and Ghana are the countries that import the most Vietnamese rice, and the import volume in some markets is 15 times that of last year. above. ​ However, this is also a big challenge, because Vietnam also needs to ensure domestic food security and a balance between market supply and demand. Various rice export companies in Vietnam are also worried about insufficient supply, because it is predicted that many countries will have insufficient demand for rice imports in the last four months of this year. Continue to add more ...