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Vietnam's rice export turnover reached nearly 4 billion USD in the first 10 months of 2023, an increase of 35 percent over the same period last year and setting a new record by exceeding the 3.67 billion USD posted for 2012 as a whole.
Vietnam has exported approximately 890,000 tonnes of rice worth US$420 million in the first two months of 2020, an increase of 27% in terms of volume and 32% in terms of value compared to the same period in 2019.
Vietnam needs a long-term strategy to increase the quality of its rice exports to create sustainable growth in the future, experts say.
Vietnam exported 4.53 million tonnes of rice in the first eight months of 2018, bringing in US$2.29 billion, a rise of 10.5% in volume and 26.5% in value, according to the General Department of Customs.
Vietnam earned 1.1 billion USD from exporting 2.16 million tonnes of rice in the first four months of 2018, up 35.7 percent in value and 21.7 percent in volume.
The country may end the year with just more than 5 million tons in shipments.
Vietnam exported 432,000 tonnes of rice for 191 million USD in August, bringing the total volume and value in the first eight months of this year to 3.37 million tonnes and 1.51 billion USD.
Vietnam's rice exports in the first half of the year fell by 32 per cent over the same period last year, mostly due to competition from other countries, according to Vietnam Food Association.
Vietnam exported 5.55 million tonnes of rice worth 2.56 billion USD in the first 11 months of 2014, according to the Vietnam Food Association (VFA).
The United Nations Food and Agriculture Organisation (FAO) has predicted that Vietnam's rice exports would increase by six percent year-on-year to 6.9 million tonnes in 2014.
