Despite a sharp decline in global rice prices, Vietnam rice exports have still recorded growth in volume. In the first seven months of 2025, Vietnam exported more than 5.5 million. Accordingly, Vietnam has officially surpassed Thailand to become the world’s second-largest rice exporter.
In the first six months of 2025, Vietnam’s average export rice price fell by 18.4% compared to the same period in 2024. This caused export turnover to reach only $2.44 billion, down 15.4% year-on-year.
Vietnam rice exports
However, export volume continued to rise. In the first seven months of 2025, Vietnam exported 5.5 million tons of rice, valued at $2.81 billion. This represented an increase of 3.1% in volume but a decrease of 15.9% in value. In July 2025 alone, Vietnam rice exports reached 750,000 tons, earning $366.1 million.
While Vietnam maintained stable export volumes, Thailand saw a significant decline. Notably, Thailand was the world’s second-largest rice exporter in 2024. According to the Thai Ministry of Commerce, in the first six months of this year, Thailand exported only 3.73 million tons of rice, down more than 27% compared to the same period last year. Meanwhile, Vietnam exported over 4.7 million tons.
Vietnamese rice warehouse
As a result, Vietnam has now officially surpassed Thailand to claim the position of the world’s second-largest rice exporter.
According to the Vietnam Food Association (VFA), one of the factors helping Vietnam maintain its rice export volume is its specialty rice varieties, such as OM, DT8, and ST. These varieties provide a distinct competitive advantage in the international market. They are highly favored by many countries, particularly the Philippines and African markets.
ST25 rice from Vietnam
In the first six months of 2025, Vietnam rice exports to African markets surpassed 1 million tons and continued to show an upward trend. This growth was especially notable for high-quality varieties like ST, DT8, and OM, with demand occasionally exceeding supply.
With this growth momentum, the VFA forecasts that Vietnam’s rice exports could reach 8.8 million tons in 2025. Similarly, the U.S. Department of Agriculture (USDA) projects Vietnamese rice exports at 7.9 million tons, significantly higher than Thailand’s 7 million tons. This means Vietnam is expected to maintain its position as the world’s second-largest rice exporter. It also reinforces the reputation and brand of Vietnamese rice in the global market.
Link: https://thuehaiquan.tapchikinhtetaichinh.vn/viet-nam-vuon-len-vi-tri-thu-hai-the-gioi-ve-xuat-khau-gao-94024.html