Rice Exporting: Vietnam’s Economic Engine and Global Leader

Vietnam is a major supplier globally when it comes to white rice exports. In 2023, it set new record highs for both the volume and value of rice exported, solidifying Vietnam’s position as a leading rice supplier. This surge in exports is due to a number of factors, including high domestic production and increased global demand for Vietnamese rice. With its fertile lands and skilled farmers, Vietnam is well-positioned to continue being a key source of rice. Let’s explore the rice exporting of Vietnam in this post!

1. Mekong Delta – Biggest growing rice region

Vietnam has a rich history of rice cultivation for thousands of years. Nowadays, rice plays a pivotal role in the country’s economy and culture. While the iconic rice terraces in the northern mountains are well-known, the Mekong Delta in the southern is the largest rice-producing region. The Mekong Delta boasts rich soil and water, making it ideal for cultivating rice. 

In Vietnam, the rice farming land is approximately 7.12 million hectares. While the areas of rice paddies have declined in recent years, the productivity per hectare has improved remarkably.

Rice cultivation is the lifeblood of Vietnam’s economy. Millions of farmers find their livelihood in cultivating this essential crop. Beyond providing jobs, exporting rice is a significant source of foreign exchange.

In the 2023/24 farming season, the Mekong Delta was projected to produce around 24.5 million metric tons of rice, accounting for over half of the country’s total rice production. In this region, farmers cultivate many high-quality kinds of rice such as ST24, ST25, Jasmine, Japonica, and so on…to supply domestic and global demand.

2. Rice Exporting – Vietnam a global rice supplier

Vietnam has firmly established itself as a global rice export, consistently ranking in the top three exporters with Thailand and India. It boasts impressive export volumes, with millions of tons of rice annually. 

Vietnam has made significant strides in rice exports. In the first nine months of 2023, it overtook Thailand to become the world’s second-largest rice exporter, with a total volume of 6.4 million tons. Overall in 2023, Vietnam exported about 8 million tons of rice, valued at 4,67 billion USD. Vietnam rice has reached many destinations including the Philippines, Indonesia, China, and various African countries. 

However, maintaining this dominant position requires much effort. Rice-producing countries, climate change, and fluctuations in global rice prices are the challenges for Vietnam. Despite these challenges, Vietnam actively explores opportunities to expand its market and diversify its rice products. So Vietnam can ensure its long-term success in the global rice trade.

In summary: Vietnam’s rice industry is thriving, and its exports continue to grow. The Mekong Delta remains a vital region for rice production. Position as a leading rice exporter translates into a strong inflow of foreign currency. So, that helps to fuel Vietnam’s economic growth and development. This economic engine ensures not only a steady supply of rice for domestic consumption, guaranteeing national food security, but also fosters development in rural areas.

Havigo Company Limited operates in the field of agricultural export. We wish to bring high-quality Vietnamese agricultural products such as spices, rice, beans, and fruits… to the world. We supply you with high-quality products at the best price. If you find interest in importing Vietnam White Rice, please contact us for better support via WhatsApp: +84 979 58 58 56.