The proposal, outlined in a draft decree on rice export business to replace Decree 107/2018 and Decree 01/2025, marks the first time such a credit rating mechanism has been suggested.
Việt Nam exported 6.6 million tonnes of rice, earning nearly US$3.4 billion as of September 15, up 1.5 per cent in volume, but down 17 per cent in value year-on-year.
While many rice-exporting countries have seen volumes slump this year, Việt Nam managed to ship 5.5 million tonnes worth US$2.81 billion in the first seven months of 2025.
The one-million-hectare rice project seeks to produce high-quality, low-emission rice while restructuring the sector for greater value. It also aims to raise farmers’ incomes, ensure food security, and support Việt Nam’s commitment to net zero emissions by 2050.
Two ministries discussed solutions to implement the Prime Minister’s official dispatch issued Tuesday on boosting rice exports and ensuring market stability after top buyers, including Indonesia and the Philippines, suspended rice imports.
Prime Minister Phạm Minh Chính on Tuesday signed an official dispatch ordering ministries, agencies and localities to step up measures to promote rice production and export while ensuring domestic market stability.
The MoIT requested that the People''s Committees of provinces and cities review and promptly compile information and feedback from the business community regarding any difficulties or obstacles arising, in order to report and propose appropriate solutions.
Negotiations for new trade deals, including rice agreements, will be accelerated alongside efforts to fully utilise 17 existing free trade agreements to achieve an export growth target of 12 per cent this year, according to the Ministry of Industry and...
The Prime Minister’s recent directive to call for actions to sustain rice export has highlighted that the rice industry still has much work to do, especially a long-term, sustainable and breakthrough approach.
The pause could disrupt signed contracts, increase inventories and pressure on exporters'' liquidity as well as directly impact farmers’ incomes, as the Philippines accounts for 40-45 per cent of Việt Nam’s annual rice export value, said President of the Việt Nam...
Việt Nam’s agricultural, forestry, and fishery exports are expected to reach the target for 2025 of US$65 billion, a 4 per cent increase from last year, despite anticipated challenges in the remaining months, according to the Ministry of Agriculture and...