Vietnam is experiencing a surge in rice export prices, reaching the highest globally and surpassing those of Thailand and Pakistan. This increase is primarily due to a supply-demand imbalance, with global rice demand on the rise, while most rice-producing countries have completed their main harvest seasons. The Philippines' reduction of rice import tax has also contributed to this trend. In the first seven months, Vietnam exported nearly 5.3 million tonnes of rice, earning 3.34 billion USD, marking a 27.7% increase in export value compared to the same period last year. The Ministry of Agriculture and Rural Development (MARD) anticipates further growth in rice demand and exports in the coming months.