By takumihamano 
Vietnam’s rice export industry has been a significant contributor to the country’s economy, providing substantial revenue and supporting millions of farmers. As global demand for rice continues to grow, Vietnam’s position as a leading rice exporter remains crucial. Here are some key updates and insights into the current state of Vietnam’s rice export industry:
- Vietnam’s Q1 2025 GDP Growth: Vietnam’s GDP growth reached 6.93% in Q1 2025, the highest Q1 growth rate from 2020-2025. Despite this impressive growth, concerns exist about weakening growth drivers in 2025, potentially jeopardizing the 8% annual target. A potential 46% tax increase on exports to the US is a significant concern for the rice export industry.
- Vietnam’s Decree 86/2025/NĐ-CP: This decree details the Law on Foreign Trade Management regarding trade defense measures. It addresses countervailing measures, inter-agency coordination, and handling of trade defense measures applied to Vietnamese exports, including rice. The Ministry of Industry and Trade (MOIT) ensures budgetary support for these activities and establishes an early warning system for potential foreign trade defense lawsuits against Vietnamese exports.
- Vietnam’s $8.2 Billion Wood Export Boom to the US: While this news primarily focuses on wood exports, it highlights the broader context of Vietnam’s export challenges, including potential retaliatory tariffs from the US. Vietnamese businesses are exploring alternative markets to mitigate potential losses, which is relevant for the rice export industry as well.
- Dong Nai Targets $2.5 Billion Forestry Export Value by 2025: Dong Nai province aims to increase forestry product export value, which includes efforts to maximize the economic, social, and environmental benefits of forest ecosystems. This initiative reflects the broader trend of enhancing export value, which can be applied to the rice export industry.
- Vietnam Imposes Anti-Dumping Duties on Steel Imports from China and South Korea: This decision to impose anti-dumping duties on steel imports demonstrates Vietnam’s proactive measures to protect its domestic industries. Similar measures could be considered for the rice export industry to ensure competitiveness and sustainability.
In summary, Vietnam’s rice export industry faces both opportunities and challenges in 2025. The government’s proactive measures, such as Decree 86/2025/NĐ-CP and efforts to diversify export markets, are crucial for maintaining the industry’s growth and competitiveness. As global trade dynamics evolve, Vietnam must continue to adapt and innovate to secure its position as a leading rice exporter.