Despite being the world''s third-largest rice exporter, Việt Nam has spent nearly US$1 billion on rice imports in the first nine months of 2024. The increase in rice imports is driven by a shift in rice cultivation trends.
Viet Nam exported 1.42 million tonnes of rice for a total free-on-board
value of US$577.28 million in the first quarter, a year-on-year increase
of 57.7 per cent in volume and 51.16 per cent in value.
