High-quality rice comprised up to 81 percent of rice export volume, the ministry said, forecasting the world's rice market will see a decrease in supply and increase in demand in the near future. According to Vietnam's Rice Market Development Strategy, one of the country's goals is to gradually reduce the rice export volume but increase Vietnam's moratorium on new rice exports is triggering a ripple effect throughout the global rice market. Vietnam, the third largest rice exporter, announced on March 25th that it will halt signing new rice export contracts until it checks whether it has sufficient supply to cope with the domestic demand during the coronavirus outbreak. HÀ NỘI — While 2020 has been a successful year for Vietnamese rice exports, more must be done to accelerate the development of the national rice brand, experts have said. accounting for 34 per cent of the country's total, earning $910.16 million. The figures were down 1.7 per cent in volume but up 11.8 per cent in value year-on-year. In 2020, Vietnam exported $2.74B in Rice. The main destinations of Vietnam exports on Rice were Philippines ($985M), China ($461M), Ghana ($282M), Malaysia ($237M), and Cote d'Ivoire ($211M). In 2020, Vietnam imported $137M in Rice, mainly from Cambodia ($82M), India ($14.6M), Burma ($13.3M), China ($12.9M), and Laos ($5.1M). Explore Visualizations Vietnam's rice export profit has moved down with high export volume and low value, which has concerned farmers in the Mekong Delta every harvest season. Experts said that was because Vietnam had long been loyal to rice farming resulting in output increase and redundancy. Previously, the country's rice output swung from 37-38 million tons a Minh-Ngoc Nguyen. In 2021, the volume of rice exported from Vietnam reached 6.2 million metric tons. Rice production plays an important role in the agriculture sector of Vietnam, as rice is a Origin Country Unit Quantity Total Value [USD] Unit Price [USD] Importer Name Supplier Name; 07/Jan/2019: 34029019: 01-CH-00071 # & Superkleen FC5 - Cleansing product containing NaClO and KOH in water environment , Declaring according to the results of PTPL No. 404 / TB.PTPL dated 09/09/2015 of Danang TT: Malaysia: Kg: 11,040.00: 9,384.00: 0.85 According to VASEP, Vietnam exported over US$3 billion worth of shrimp in the January-August period of this year, up 24 percent year on year. The largest importers of Vietnam's shrimp were the U.S., Japan, China, South Korea, and Australia. The Directorate of Fisheries informed that Vietnam set targets of 750,000 hectares of shrimp farms this Vay Tiền Nhanh Chỉ Cần Cmnd. Vietnam is on track to export million tons of rice in 2022, the second-highest export volume in the country's rice exports continue to beat records with strong growth in both volume and revenue, showcasing the agricultural sector's efforts to meet the high standards of the global VENData from the Ministry of Agriculture and Rural Development MARD reveal that Vietnam's rice exports reached a monthly record of 713,546 tons in October, bringing in US$341 million, up in quantity and in value from the previous the ten months, the total volume of rice for exports stood at over six million tons worth nearly $3 billion, up in quantity and in value year on Minister of Agricultural and Rural Development Phung Duc Tien said the total export volume in 2022 would be tons, the second-highest rice export volume in the history of Vietnam’s rice production average rice export price during the ten months was estimated at $484 per to the MARD, the Philippines is Vietnam’s largest rice buyer, with million tons, or 45% of Vietnam’s rice exports, for $ to other high-standard markets has also witnessed substantial growth, including the US up and the EU Vietnam Food Association VFA suggested after two years of implementing the EU-Vietnam Free Trade Agreement EVFTA, Vietnamese rice has gradually cemented its place in the EU VFA added Vietnamese high-quality and fragrant rice, such as ST24, ST25, or Jasmine are fast becoming the market’s currently allocates a quota of 80,000 tons for Vietnam’s rice at a preferential tariff of zero. The VFA expected Vietnam to export at least 60,000 tons of rice to the bloc this is also worth mentioning that the prices of Vietnam’s rice are currently at the top of the market thanks to its high October, its 5%-broken rice averaged $425-$430 per ton, the highest since last November. The rates are higher than direct competitors' prices, such as India by $48-$51 per ton or Thailand by $18-$23. On the contrary, Thailand’s 5%-broken rice prices declined by $28 per ton from $435 to $407, its lowest since July Vice Chairman Do Ha Nam attributed the high rice export growth to the appreciation of the US dollar, saying the price’s upward trend may last until late on major marketsAccording to the MARD, Vietnam produces 22-23 million tons of rice annually, but only 15% are exported to ensure national food further facilitate rice export, Deputy Director of the MARD’s Department of Agricultural Products Processing and Market Development Le Thanh Hoa urged local firms to focus on the Chinese market, which remains among the world’s Hoa noted that the market is changing regarding requirements for imported products, from sanitary control, packaging, and labeling to traceability of only 22 Vietnamese companies are qualified to export rice to China with a limited amount.“In the past years, Vietnam was allocated a quota of over 2 million tons of rice per year to the market, but the amount has gradually exhausted. We are working with the Chinese counterparts to add more rice traders to the export list,” Hoa addition to China, the MARD suggested the EU and UK are potential markets due to high demand and free trade agreements between Vietnam and these two partners. “Local traders should work closely with rice producers and suppliers to ensure products meet technical standards of the import markets,” stated the Minister of Agricultural and Rural Development Phung Duc Tien said the agency is working with the Ministry of Industry and Trade to monitor the market situation and provide information for traders to promote rice the long term, Tien expected a focus on restructuring rice production, concentrating on high-quality rice products, and promoting brands for Vietnamese Hanoi Times ReferencesAnderson, J. E. 1979. A theoretical foundation for the gravity equation. American Economic Review, 69, 106–116. Google Scholar Anh, T. T., & Thang, D. N. 2008. Các nhân tố ảnh hưởng tới mức độ tập trung thương mại của Việt Nam với Asean+3. Vietnam Economic and Policy Research center VEPR.Bac, N. X. 2010. The determinants of Vietnamese export flows static and dynamic panel gravity approaches. International Journal of Economics and Finance, 24, 122–129. doi Google Scholar Bergstrand, J. H. 1985. The gravity equation in international trade Some microeconomic foundations, and empirical evidence. Review of Economics and Statistics, 674, 474–481. doi Google Scholar Bikker, 2009. An extended gravity model with substitution applied to international trade. Working Papers 09-17, Utrecht School of S., Demetriades, P. O., & Morgenroth, E. L. W. 1999. Infrastructure, transport costs and trade. Journal of International Economics, 47, 169– Google Scholar Brada, J. C., & Mendez, J. A. 1985. Economic integration among developed, developing and centrally planned economies a comparative analysis. Review of Economic and Statistics, 671985, 549– Google Scholar Carrere, C. 2003. Revisiting the effect of regional trading agreements on trade flows with proper specification of the gravity model. CERDI University d'AuvergneCuong, H. C., Phuong, B. T. M., & Ngoc, D. T. B. 2013. Trade liberalization and foreign direct investment in Vietnam a gravity model using Hausman–Taylor estimator approach. Science and Development Journal, 111, 85–96. Google Scholar Dao Ngoc Tien 2009. Determinants to Vietnam’s export flows and government implications under the global crisis. Research on International Trade policy Conference. Hanoi Foreign Trade A 1998. Determinants of bilateral trade does gravity work in a neoclassical world?, National Bureau of Economic Research, The regionalization of World Economy, University of Chicago Press, 1998, pp. 7–22. Evenett, S. J., & Keller, W. 1998. On theories explaining the success of the gravity equation, NBER Working Papers 6529, National Bureau of Economic Research, IncGeraci Vincen J., & Prewo, W. 1977 Bilaterial Trade Flows and Transport Cost. Review of Economics and Statistics, 59, 67– A. A., & Romstad, E. 2010. Determinants of Egyptian agricultural exports a gravity model approach. Modern Economy Journal, 1, 134–143. doi Google Scholar Helpman, E., & Krugman, P. 1985. Market Structure and Foreign Trade. Cambridge MIT M., Mukhtar, T., & Javed, M. T. 2009. Competitiveness among Asian exporters in the world rice market. [J] JEL Classification C12, C43, W. W., Karemera, D., & Taylor, R. 1994. A gravity model analysis of meat trade policies. Agricultural Economics, 10, 81– Google Scholar Linnemann, H. 1966. An econometric study of international trade flows p. 1966. Amsterdam North-Holland Publishing Company. Google Scholar Markusen, James R & Wigle, Randall M, 1990 Explaining the Volume of North-South Trade, The Economic Journal, 100403, 1206– I., & Nowak-Lehmann, F. 2003. Augmented gravity model an empirical application to Mercosur-European union trade flows. Journal of Applied Economics, 62, 291–316. Google Scholar McCallum, J. 1995. National borders matter regional trade patterns. The American Economic Review, 853, 615–623. Google Scholar Nguyen, K. D., & Heo, Y. 2009. AFTA and trade diversion an empirical study for Vietnam and Singapore, International Area ReviewSandberg, H. M. 2004. The impact of historical and regional linkages on free trade in the Americas a gravity model analysis across sectors. American Agricultural Economics Association Annual Meeting. Denver, Colorado. J. 1962. Shaping the world economy suggestions for an international economic policy, New York, The Twentieth Century FundTri, D. T. 2006. A gravity model for trade between Vietnam and twenty-three European countries. Department of Economics and SocietyDownload references India had the highest export volume of rice worldwide, at million metric tons as of 2022/2023. Thailand was the second largest rice exporter, with about million metric tons of rice worldwide in that year. Global rice supply In the last few years, the global rice supply amounted to over 700 million metric tons of milled equivalent each year. The production of milled rice was projected to increase to almost 510 million metric tons worldwide in 2022. Among the many varieties of rice, California medium-grain rice had the highest export price and India 25% rice the lowest average export price per ton in 2021. Global rice consumption Between 2008 and 2021, global rice consumption increased by over 65 million metric tons, from 437 million metric tons to around 502 million metric tons. In 2021/2022, the top three countries for rice consumption were China, India, and Vietnam. That year, about 155 million metric tons of rice were consumed in China. Rice has always been a traditional strong export of Vietnam. As a rice production hub of the world, the country is set to remain the world’s second largest rice exporter in 2021 with million tons, according to the US Department of Agriculture USDA. Up to now, Vietnamese rice has been eaten in over 150 countries and territories in the world, meeting the buyers in quantity, quality, packaging and delivery time. This ultimate guide will cover all aspects of the rice market in Vietnam. Read it to learn more about how to source and import Vietnamese rice. 1. Vietnam’s rice market at a glance2. How does Vietnam produce and process its rice? 3. Vietnam’s rice classification4. Was Vietnam’s rice export volume affected by COVID-19 pandemic? 1. Vietnam’s rice market at a glance Rice production plays a vital role in the agricultural and rural development of Vietnam. It is the country’s main crop, accounting for more than 90% of total cereal production according to the General Statistics Office. The two major rice production regions of Vietnam are Red River Delta and Mekong Delta. These delta regions occupy about 66% of the total rice production area and provide up to 70% of the total material paddy yield of the whole country. According to the Ministry of Agriculture and Rural Development MARD, the Mekong Delta is still the largest “Rice Bowl” of Vietnam with ​​nearly 4 million hectares by 2019. This delta annually produces over 50% of total national rice production as well as over 90% of rice commodity for export. Vietnam Area, Yield and Paddy Production, 1993-2020. Source GSO According to GSO, the total paddy area and production in 2020 trend down due to urbanization, crop alteration, drought, and salinity intrusion impacts. However, rice production yields keep increasing for the past four years. In recent years, Vietnam has made a great effort in growing high productivity rice varieties and improving intensive cultivation competence of its farmers. As a result, Vietnamese paddy productivity remains stable and steadily increases every year. 2. How does Vietnam produce and process its rice? Rice has been grown in the country for thousands of years. There are three main crops in Vietnam, including winter-spring crops, summer-autumn crops and summer crops. Have a look at the below table to know more about the timeline of each crop Vietnamese rice production seasons Most rice grown in Vietnam is wet-rice, meaning that it is grown in flooded fields rather than dry land as it needs a constant supply of water. Seedlings are raised in nursery beds and transplanted after 25-50 days to flooded fields. The paddy stem is submerged in two to six inches of water and the seedlings placed in rows approximately a foot apart. Farmers will then constantly check to make sure the availability of certain water levels till harvesting time. Transplant process When the leaves of the rice stalks begin to turn yellow, farmers will drain and dry the paddies to prepare for the harvest. They then harvest rice by cutting the stalks with sickles. After that, they tie the stalks together and dry them. Farmers harvest rice with their sickles Threshing separates the grain from the rest of the plant. This phase has already been highly mechanicalized. Rice threshers and husking machines have relatively met farmers’ demands. After threshing, the grains are dried by exposing to the sun to be ready for storage. In recent years, the application of rice drier has been getting more and more popular. Vietnamese rice drier system The husk is removed from the kernel during milling. The bran layer, which contains the majority of the nutrients, is sometimes stripped away throughout the process. The bran coat on brown rice is still intact. Milling machines system in a Vietnamese rice processing company After going through these processes, rice can be selected identical. In recent times, the quality control process has been highly improved and achieved high effectiveness. The rate of unbroken rice grains is high and rice surface quality is good. Dust and noise are treated instantly inside the machines so environmental pollution can be avoided. 3. Vietnam’s rice classification Vietnam produces two major kinds of rice including sticky rice and ordinary rice of high and normal quality. The following are the classifications of Vietnamese ordinary rice varieties based on their structures, shapes, and colors. According to structures and shapes There are long grain rice, middle grain rice and short grain rice. According to colors There are brown rice, white rice, red rice and black rice. Regarding Vietnamese high quality rice, there are two kinds including special quality rice and fragrant rice. Especially for exporting, Vietnam exports the following kinds of rice 5% broken rice polished one time, 5% broken rice polished twice, 10%, 15%, 25% and 100% broken rice. Besides, Vietnam also exports glutinous and sticky rice, ordinary rice, rice parboiling and fragrant rice. In the current export structure, white rice still predominates. Vietnamese white rice is a competitor of Thai average and high quality rice. Regarding export categories, in 2020, the export value of white rice accounted for of the total turnover; jasmine rice and fragrant rice accounted for sticky rice accounted for japonica rice and Japanese rice varieties accounted for according to the MARD. Vietnamese broken rice 4. Was Vietnam’s rice export volume affected by COVID-19 pandemic? While several agricultural commodities had major drops in 2020, the rice business saw tremendous growth. Rice is the agricultural product with the highest growth value, according to statistics from the Agency of Foreign Trade. Vietnam earned over US$3 billion from exporting rice in 2020, as stated by Vietnam Food Association VFA, a year-on-year increase of more than 10%. Despite the challenges provided by the ongoing COVID-19 pandemic, rice exporters swiftly adjusted their strategies and actively sought new markets, fully utilizing the benefits of FTAs. As said by Vice Chairman of the VFA, Do Ha Nam, the EU-Vietnam Free Trade Agreement EVFTA has created a significant potential for Vietnamese rice to enter European markets and then expand into other competitive areas. Viego Global – Your trusted sourcing partner in Vietnam At Viego Global, we know it’s more than just finding the right Vietnam supplier since every step of the supply chain requires proper implementation in order to ensure Vietnam quality commodities are well delivered to clients. We always try our best to determine the best suppliers based on customers’ needs. During research on potential suppliers, discussion and factory visits, we inspect every single thing from business license, capacity, to past orders as well as the equipment and the workers’ competence. This is why Viego Global makes sure that you can reach the best Vietnam suppliers at the most competitive price. Apart from Rice, we also provide insights on other Agricultural products from Vietnam. Jump to Vietnam’s Coffee Market, Vietnam’s Pepper Market, Vietnam’s Cashew Market and also check many other tips for sourcing from Vietnam. Farmers walking on rice fields in Mu Cang Chai, YenBai, VietnamWiratgasem Moment Getty ImagesVietnam aims to cut its rice exports to 4 million tons a year by 2030, the government said in a document detailing its rice export strategy, down from million tons last is the world's third-largest rice exporter, after India and Thailand. The move is aimed at "boosting the exports of high-quality rice, ensuring domestic food security, protecting the environment and adapting to climate change," according to the government document, dated May 26 and reviewed by export revenue will fall to $ billion a year by 2030, down from $ billion in 2022, the document said."Although Vietnam's rice farming area is shrinking due to climate change and some farmers are switching to growing other crops and raising shrimp, the strategy appears to be too aggressive," a rice trader based in Ho Chi Minh City said on trader said some rice farmers in the Mekong Delta are turning parts of their fields to fruit farms, growing mangoes, grapefruit, jackfruit and durian, but the vast majority remain dependent on trend toward cultivating shrimp has been taking place in the area for years as rising seawater triggered by climate change brings significantly increased salination in the Mekong Delta will diversify its rice export markets to reduce its reliance on any country, the government document said. The Philippines has long been Vietnam's biggest rice buyer, accounting for 45% of its shipments last Prime Minister Pham Minh Chinh told Philippines President Ferdinand Marcos Jr at a regional meeting in Indonesia this month that Vietnam was willing to supply rice to the Philippines for the long term at reasonable 2025, 60% of Vietnamese rice exports will be shipped to Asian markets, 22% to Africa, 7% to the United States, 4% to the Middle East and 3% to Europe, the document Vietnam Food Association, which represents rice processors and exporters, did not immediately respond to requests for government said Vietnam will focus on the production of high-quality, fragrant and glutinous rice, while reducing the production of low-quality grains to 15% of total output by 2025 and to 10% by 2030. "I doubt the strategy will materialize, as rice production depends on supply and demand, not on a government decision," another rice trader in the Mekong Delta province of An Giang exports from Vietnam in the first four months of this year rose from a year earlier to million tonnes, according to government customs data.

vietnam is a rice export country