Vietnam’s rice exports are expected to reach a record turnover of about US$5 billion this year, as high demand from many large and traditional markets, such as the Philippines and Indonesia, continues.

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.

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.

VOV.VN - The Ministry of Agriculture and Rural Development (MARD) and the Ministry of Industry and Trade (MoIT) proposed establishing the National Rice Council to address rice-related issues at a working session in Hanoi on August 6.

Vietnam is expected to maintain a trade surplus for the ninth consecutive year in 2024, given its export growth in the remainders of the year equal to that during January-July, according to experts.

VOV.VN - Vietnamese businesses exported 5.18 million tonnes of rice during the first seven months of the year, earning US$3.27 billion, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - The United States, China, and Japan continued to make up the three largest importers of Vietnamese agro-forestry-fishery products in the first seven months of the year, according to the Ministry of Agriculture and Rural Development (MARD).

VOV.VN - The first half of the year witnessed Vietnam remain as the largest rice exporter to Singapore, accounting for 32.69% of the overall market share.

Rice exports could bring in a record turnover of US$5 billion this year if the pace of shipment is maintained like at present, according to Vu Tuan Anh, CEO of GLE company, a rice exporter.