Despite a temporary halt in rice import from the Philippines, Vietnam’s rice exports are expected to exceed 8.2 million tonnes for the whole year, bolstered by rising shipments to such markets as Bangladesh, China, and South Africa.

VOV.VN - The Vietnam Food Association (VFA) has urgently requested the Ministry of Industry and Trade (MoIT) to work with the Philippine Department of Agriculture following Manila’s recent announcement to suspend rice imports for 60 days starting September 1, 2025.

VOV.VN - The Vietnam Trade Office in the Philippines has forecast that the Philippines' rice import demand this year will remain high and Vietnam will continue to be its leading rice exporter.

Japanese consumers are increasingly turning to Vietnamese rice as an alternative to domestic varieties, thanks to its comparable quality and lower price.

Rice exports set new records in both volume and value in 2024 but the commodity is expected to face a difficult year ahead as India lifted its ban on non-basmati white rice exports in September, which will push up global rice supplies next year.

Despite the country’s status as one of the world’s leading rice exporters, Vietnam is expected to spend nearly US$1 billion on rice imports for processing this year.

Indonesia has announced a record rice tender for September, seeking to acquire up to 450,000 tonnes from international suppliers.

With the current uncertainties in the global rice market, Indonesia's call for larger rice tenders is a major opportunity for exporters, particularly those from Vietnam.

Vietnam's rice export prices have reached the highest levels globally, surpassing those of Thailand, Pakistan, and other major exporters, the Vietnam Food Association (VFA) has announced.

The reduction of the rice import tax by the Philippines will create more advantages and increase opportunities for Vietnamese rice to enter the market later this year, insiders said.