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.

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.

Vietnam has many opportunities to promote rice exports in the second half of this year, even though India could change its rice export policy in the next few months, according to the Ministry of Industry and Trade (MoIT).

Vietnam exported 4.68 million tonnes of rice in the first six months of this year, earning US$2.98 billion, according to the Ministry of Agriculture and Rural Development.

Vietnam will need about US$2.7 billion to implement its project of planting 1 million hectares of high-quality rice from now to 2030, according to an official from the Ministry of Agriculture and Rural Development (MARD).

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.

VOV.VN - Vietnam exported nearly 46,000 tonnes of rice to the EU market worth US$41.4 million during the first quarter of the year, representing an increase of nearly 118% against the same period from last year, according to statistics released by the General Department of Vietnam Customs.

VOV.VN - Vietnam is expected to produce 43 million tonnes of rice this year, of which more than 8 million tonnes will be for export, according to the Ministry of Agriculture and Rural Development.

The prices of Vietnamese paddy and rice continued to increase last week, according to the the Vietnam Food Association (VFA).