Ghana became Viet Nam’s largest rice buyer in September, accounting for nearly 22% of total exports after the Philippines temporarily suspended imports.

Viet Nam’s rice exports are projected to reach at least 8 million tonnes in 2025, positioning the country as the world’s second-largest exporter for the first time, according to Do Ha Nam, Chairman of the Viet Nam Food Association (VFA).

Rice exports are receiving many positive signals from the market. Vietnam can export about 7 million tonnes of rice with a turnover of 4 billion USD in 2023. Although the volume is lower than in 2022 (7.13 million tonnes), the turnover is much higher (3.45 billion USD last year).

The export prices of Vietnamese rice are standing at the highest levels in the world, according to the Vietnam Food Association .

Thai Binh Seed Corporation ’s TBR39 fragrant rice has won the first prize in Vietnam's best rice contest 2022 and will represent the country’s at the 2022 World's Best Rice competition.