Vietnamese rice has recently secured a firm foothold within the European market by boosting its own brand, thereby creating fresh momentum for new breakthroughs to occur this year.

The Mekong Delta is the largest rice production area in VN, but adverse impacts from natural and human-induced changes in the Mekong River have led to growing concerns over water security in the region.

Vietnam gained a record-high export turnover of $4.8 billion from rice in 2023. However, former Deputy Minister of Agriculture and Rural Development Bui Ba Bong said there are still two things that need to be done.

Experts have pointed out 10 problems that are hindering the development of the rice value chain, though Vietnam has great advantages for production.

The volume of Vietnamese rice for export in 2023 is estimated to have hit 8.2 million tonnes, bringing in nearly US$4.8 billion, according to the General Department of Vietnam Customs.

With estimated output of 43 million tons in 2023 and historic high export prices, Vietnamese farmers have made a high profit. Every $1,000 invested in each hectare of rice earned $3,000-3,500.

Deputy Minister of Agriculture and Rural Development Phung Duc Tien forecasts a potential 11% year-on-year surge in rice export volume in 2023, reaching over eight million tonnes for Vietnam.

Vietnam is enjoying an all-time high in both rice output and export turnover this year, according to an international conference on the global rice market held on Wednesday in Hau Giang Province.

After reaching a peak, Vietnamese rice export prices decreased after news about the World's Best Rice Award 2023 given to Vietnam. Thai rice prices are on the rise and are about to catch up with Vietnamese rice.

The Vietnam-Hau Giang International Rice Festival 2023, themed “Centennial Journey of Vietnamese Rice”, opened in the Mekong Delta province of Hau Giang on December 12.

ST25 is seen as the world’s most delicious rice. The organizing board of a competition on December 5 affirmed that ST25 had won first prize.

Vietnam’s rice exports this year to the end of November hit a record high since 1989 with an export volume of nearly 7.8 million tonnes and turnover of 4.4 billion USD.

High demand for rice has prompted the export price of Vietnamese rice to rise to a record high of US$663 per tonne, the highest in the world at present.

The first International Rice Festival will be held in the Mekong Delta province of Hau Giang from December 11 to 15, aiming to turn Vietnam into a high-quality rice producer in a green and sustainable direction.

Vietnam's Ong Cua ST25 rice has won the first prize at the World’s Best Rice 2023 competition, within the framework of the 2023 International World Rice Conference Summit in Cebu, Philippines from November 28-30.

Vietnam’s five percent broken rice export prices continue to increase, hitting the new high of $663 per ton. The global rice supply is predicted to fall by 3.6 million tons next year over the previous crop.

Surpassing other major exports, Vietnam’s rice has become the most expensive in the world. However, experts have warned that overly high prices may pose risks to export companies.

The nation exported more than 7.05 million tonnes of rice worth US$3.95 billion between Jan. – Oct. 2023, up 15.9% in quantity and up 34% in value year on year.

Dr. Tran Ngoc Thach, Director of the Mekong Delta Rice Research Institute, introduced a project aimed at selecting and popularizing advanced salt-tolerant rice varieties at the ongoing International Rice Congress 2023.

Vietnam and Thailand will be the two main rice suppliers for Indonesia's upcoming purchase of 1.5 million tonnes of rice.