Vietnam rice Market – June 2025
Sunday, June 29,2025
AsemconnectVietnam - According to Vietnam rice sources, rice prices in Vietnam remained relatively stable in June 2025 amid continued sluggish activity in the global rice trade.
Domestic rice prices in June 2025 showed a steady to slightly declining trend.
Table: Prices of Selected Domestic Rice Products
(Unit: VND/kg)
Source: VITIC compiled from Vietnam Rice sources
Export rice prices dropped in June 2025 as demand from overseas markets slowed while supply increased with the ongoing Summer-Autumn harvest.
According to the Vietnam Food Association (VFA), the export offer price for 5% broken rice by the end of June 2025 was USD 387/ton, down USD 10 from USD 397/ton at the end of May 2025.
Supply
Vietnam’s export rice supply is abundant due to the ongoing Summer-Autumn harvest.
Demand
Based on preliminary data from the General Department of Customs, Vietnam exported 776,296 tons of rice in May 2025, worth USD 408.22 million, at an average price of USD 525.9/ton. This represents a month-on-month drop of 30.6% in volume, 27.1% in value, but a 5.1% increase in price. Compared to May 2024, volume was down 9.3%, value down 21.8%, and price down 13.7%.
In May 2025:
• Exports to the Philippines dropped 16.5% in volume and 12.5% in value, but prices rose 4.9% MoM to 419,522 tons (USD 212.43 million, USD 506.4/ton). Compared to May 2024: volume up 22.6%, value up 3.1%, price down 15.9%.
• Exports to Ghana fell 26.3% in volume and 23.5% in value, but price increased by 3.8% MoM, reaching 95,294 tons (USD 52.66 million). Compared to May 2024: volume up 125.2%, value up 86%, price down 17.4%.
• Exports to Côte d'Ivoire dropped sharply by over 69% in volume and 68% in value from April 2025, totaling 45,497 tons (USD 21.4 million). Compared to May 2024: volume down 40.7%, value down 53.4%.
Cumulative 5-month performance (Jan–May 2025):
Vietnam exported over 4.2 million tons of rice, worth more than USD 2.17 billion, up 4.3% in volume but down 15.1% in value YoY. The average price was USD 517/ton, down 18.7%.
• The Philippines remained Vietnam’s largest rice buyer, accounting for 45.3% of total volume and 43.4% of total export value: over 1.9 million tons (nearly USD 942.01 million, USD 494.7/ton). Volume up 3.9%, value down 17.5%, price down 20.6% YoY.
• Côte d'Ivoire ranked second with over 485,948 tons (USD 231.87 million, USD 477.1/ton), up 148.2% in volume and 88.6% in value but price down 24%.
• China was third with 412,250 tons (USD 208.94 million, USD 506.8/ton), up 102.7% in volume, 75.4% in value, but price down 13.5%.
• Exports to RCEP FTA markets reached over 2.63 million tons (USD 1.32 billion), down 17.1% in volume and 32.8% in value.
• Exports to CPTPP FTA markets were 272,699 tons (USD 149.8 million), down 36.8% in volume and 43.5% in value.
• Exports to Southeast Asia totaled nearly 2.2 million tons (USD 1.1 billion), down 25.5% in volume and 40.1% in value.
Despite a cooling global market, Vietnamese export rice prices remain higher than major competitors like India and Pakistan. This reflects the superior quality and strong international trust in Vietnamese rice.
High-quality, branded rice now accounts for around 15% of total exports. Brands like ST25, ST24, VJ Pearl Rice, and Hat Ngoc Troi are increasingly recognized in markets such as the EU, USA, and Japan thanks to consistent quality, attractive packaging, and brand protection.
Additionally, major Vietnamese rice firms are partnering with international players across the value chain—from seeds, cultivation, certification to distribution—helping Vietnamese rice enter directly into premium supermarket and restaurant channels, instead of through intermediaries.
Policy
At the end of May 2025, the Vietnam Chamber of Commerce and Industry (VCCI) submitted feedback on the draft amendments to Decree 107/2018/ND-CP on rice export business, emphasizing that the regulations must align with the spirit of Resolution 68-NQ/TW on developing the private sector.
VCCI's key proposals:
• Remove the requirement that traders must own rice storage facilities.
• Allow businesses to either own or lease facilities, as long as they meet capacity requirements in line with market economy principles.
• Eliminate the regulation requiring new exporters to store at least 1,250 tons of rice within 45 days of certification and maintain it until they record export activity. VCCI argues this is financially burdensome and hinders market entry for new businesses.
• Oppose license revocation for failure to report stock maintenance after 45 days; propose administrative penalties instead.
• Repeal the ban on export entrustment.
Forecast
Global rice prices have stopped declining but lack momentum for a rise. Prices are expected to remain stable in July 2025 compared to June 2025, amid abundant supply and steady demand.
T.Huong
Source: Vitic
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