"So far this year, exports have risen strongly, and we expect to see the momentum continue for the rest of the year," Nguyen Ngoc Nam, chair of Vietnam Food Association, told Reuters.

Farmers harvest rice in Hanoi in June 2022.

Vietnam, the world’s third-largest rice exporter, reported a 19% year-on-year increase in its rice shipments in the first eight months this year, to 4.7 million tonnes.

Export prices of Vietnamese rice are also expected to rise during the coming months on higher production cost and because adverse weather conditions in several rice-growing countries hurt production, Nam said.

"Production cost, especially fertilizer prices, has recently risen sharply amid global inflationary pressure," he said. "We are seeing severe droughts and floods in several countries, such as China, India and in some European countries, and this may affect global food supplies."

The Philippines will remain Vietnam’s largest rice export market this year, he said.

Two sources said on Monday Bangladesh is finalizing deals with Vietnam and India to import a total of 330,000 tonnes of rice for delivery within the next three months.

Rice exports jump 20 pct

Vietnam exported 4.2 million tons of rice in the first seven months, 20 percent up year-on-year, according to the Ministry of Agriculture and Rural Development.

Building brand name for Vietnamese rice

For years, Vietnam has been holding a leading position worldwide in terms of rice exports. However, the value of rice export turnover is not commensurate with the potential and efforts of farmers. This is because most of Vietnamese rice is still exported as a raw material without its own brand. 

Bac Giang smoothly consumes over 120,000 tonnes of lychee with high price

(BGO) – The lychees have been smoothly harvested and consumed at localities in Bac Giang province, especially Luc Ngan district.

Coconut rice paper: A signature dish of Binh Dinh’s coconut region

‘Banh trang dua’ (coconut rice paper) is a delicacy of Hoai Nhon, a district famed for coconut products in Binh Dinh Province

Vietnam’s famous rice gains access to Japan

Tan Long Group JSC, in collaboration with Kiraboshi Bank, held a ceremony in Tokyo on June 30 to introduce ST25 rice, which was named the world’s best rice in 2019, to the Japanese market.

Source: VnExpress