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.
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.
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 rice industry is facing a steep in export prices, even as shipment volumes climb, underscoring the challenges of a volatile global grain market.
Authorities are set to expand negotiations and trade deals with international partners while dismantling the logistical and regulatory snarls that have plagued the sector.
Việt Nam is projected to become the world’s second – largest rice importer in 2025-26, coming only after the Philippines, according to the latest World Agricultural Supply and Demand Estimates released by the United States Department of Agriculture (USDA).
The inspection team will focus on enforcing legal regulations related to rice export business activities in the Mekong Delta region, addressing violations while reviewing market supply and demand, as well as pricing.