With the average export price of USD 490.6/ton, an increase of 12.7% over the same period, Vietnam's rice export value has increased sharply despite the decrease in export volume. According to experts, in addition to the food storage needs of countries amid the COVID-19 pandemic, Vietnam's rice export prices are at a high level because the Rice exports are assumed to be one of the engines of economic growth of both Vietnam and China in recent years. The present study aimed to compare the rice export performance of Vietnam and China and assesses to what extent it reflects their international competitiveness in the selected target markets over 2000-2014 period. The Constant Market Share model was applied to identify the main The Rice Policy and Management Committee on May 27 approved a project to provide over 180 million THB in funding to help farmers with rice harvests and quality improvement costs for the 2016-2017 season. Over 34 million tonnes of rice are expected throughout this year, no fewer than 10 million tonnes of which will be exported. TAM TAM TAM TA JOINT STOCK COMPANY. Exporter of Vietnam. 55/10 Le Thi Hong Gam, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City. Dried fish rice (15kg / pack; 1 package / ctn), made in vietnam, made at sai gon tam tam joint stock company # & vn. View Shipments. The Socialist Republic of Vietnam has resumed rice exports to the Philippines and other members of ASEAN to maintain adequate food supply in the region and cope with the COVID-19 pandemic. "We welcome the decision by Vietnam to resume its rice export policy and taking into account the difficulties faced by various stakeholders during this 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 RTpVlqE. 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. I. Interesting facts about Vietnamese Rice? 1 Rice production in Vietnam is ranked second in the world, just behind Thailand. In 2021, the country’s rice export volume amounted to million tons. 2 On average, a Vietnamese person consumes nearly 100 kg of rice per year. 3 In Vietnam, In Vietnam, there are 12 different rice products that can be made from rice. 4 The wet rice cultivation was initiated and has lasted until nowadays in Vietnam since rice was grown in the Stone Age. 5 Thanks to the growth of exporting rice in 2021 Vietnam earned over $ billion from rice exports. 6 Two regions with the biggest rice production in Vietnam are the Mekong River Delta which produces 95% of Vietnam’s rice exports and the Red River Delta. In 2020, million tons of rice were produced in the Mekong River Delta. 7 The Rice Trader has officially confirmed that the rice product ST25 of Vietnam won the first prize in the world’s best rice contest 2019. II. Where does Vietnam export rice to? Vietnam’s rice export markets include 150 countries belonging to 28 markets in 2021. The main market, Asia, comprised over 60% of total rice export turnover, followed by Africa and Europe with 19% and 2% of the total turnover, respectively. Regarding ASEAN countries, the vast population of nearly 700 million makes them import many Vietnamese agricultural products. Among nations in the region, the Philippines 1st and Indonesia 2nd are two leading rice importers from Vietnam in 2021. Globally, in 2021, rice was exported the most to the Philippines with a turnover of $1,253,14 million, followed by China $ million; Ga Na $ million; Ivory Coast $ million; Malaysia $ million Also, Vietnam had Ivory Coast as a trade partner of rice with significant growth in import turnover, up 76% over the same period in 2021. In 2022, the biggest export market of Vietnamese rice is still the Philippines, amounting to of the country’s total rice exports. Moreover, Vietnam recorded positive results in exporting rice to China, Africa, and Cuba markets. It is because of their stable demand in the second quarter and the first six months of 2022. III. How Much Rice Do European Countries Imported From Vietnam? The EU market has a high demand for importing goods from other countries globally because of its vast population of 516 million citizens originating from 27 countries, and GDP per capita of more than USD 35,000/ year. In particular, agricultural products are the top import items of the EU countries, with a value of more than USD 160 billion/ year, becoming the third largest importer of Vietnamese agricultural products. Moreover, according to the Ministry of Industry and Trade MoIT, the EU – Vietnam Free Trade Agreement EVFTA has created many opportunities for the import and export between EU countries and Vietnam, particularly improving the rice exports from Vietnam to the EU. Regarding Vietnam’s rice exports to Europe EU. the EU gives Vietnam an export quota of 80,000 tonnes of rice per year to the EU. And this number is expected to increase sharply in 2022, besides traditional markets such as the Philippines the most considerable market, China, Malaysia, the US, African countries, South Korea, etc. In the first two months of 2022, 15,500 tonnes of rice were exported to the EU, worth nearly 12 million USD, up 4 times in volume and times in value compared to the same period in 2021. Impressively, the leading market among European Union nations is Italy, with the import volume rising by 26 times over the last period in 2021. Also, Germany, France, and the Netherlands are the main import markets of Vietnamese rice. IV. Vietnam’s Rice Export Price Export Values Overall, from 2010 to 2020, the export value of Vietnamese rice is relatively stable. There were higher international trading turnovers more than 3 billion USD in 2011, 2012, 2018, and 2020. In recent years 2017-2020, after a short time of decreasing rice export turnover, Vietnamese rice attracted global importers with an impressive increase in value, from billion USD to billion USD in 2017 and 2020. Producer Price As the graph shows, between 2010 and 2020, the producer price for rice decreased sharply. Many rice production regions changed rice producer prices. In 2020, 1kg of rice, which is already packed and can be delivered immediately, is worth $ in Hanoi and Ho Chi Minh City. Average Export Price The average export price for rice in Vietnam between 2010 and 2020 is USD 465/ton. In particular, there was an increase in Vietnam’s rice export price, from USD 441/ton to USD 449/ton up Export Price in 2022 In Q1 of 2022, 5% of broken rice’s price increased by 12-15 USD/ ton, amounting to 415 USD/ ton, compared to the price at the beginning of the year. It reached the highest price in 3 first months of 2022, thanks to the increasing demand and advantages in production. In addition, Vietnam’s export rice price continued to be adjusted, up by 2 USD/ ton on April 1 for 25% broken rice, and sold at 395 USD/ ton. The price of 100% broken rice was still stable at 338 USD/ ton. Rice Price Comparison in the Global Market Currently, Vietnam’s 5% broken rice costs 5 USD/ton higher than Thai rice, but Vietnam’s 25% broken rice is 13 USD/ton lower than Thai rice. Vietnam’s 100% broken rice is 70 USD/ton lower than Thai rice. In the global market, the export price of Pakistani rice increased by 5-8 USD/ton. After rising by 8 USD/ton, 100% broken rice from Pakistan was planned to sell at 353 USD/ton. Among the four traditional rice exporting countries Vietnam, Thailand, India and Pakistan, India is the market having the lowest rice export price. India’s export rice prices were stable at $343/ton, $323/ton and $313/ton. However, this is totally different type of rice, since India export mainly Bamasti rice, while Vietnam export mainly fragrant rice, and jasmine rice. Vietnam has been restructuring towards value promotion and sustainable development. The rice industry also aims to improve the quality and value of Vietnamese rice grains. V. Conclusion Vietnam is a growing market for exporting agricultural products, especially rice export, because of its climate and geographical location. Hence, international businesses ought to take the opportunity to import rice from this potential market. However, to compete successfully with domestic competitors and those in the same region, sourcing the most profitable factory or finding a reliable partner is quite challenging in Vietnam. That’s why our VIEC sourcing team is here to support enterprises to connect you directly to trustworthy Vietnamese rice manufacturers within a short time, through our exclusive connection. With our long-term experience, you can import rice from Vietnam at a lower cost and with good product quality, which will bring better benefits to your business. 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.

vietnam is a rice export country