How To Find A Reliable Vietnam Rice Manufacturer

Choosing a reputable rice manufacturer will help wholesalers save time, money, increase credibility, and build trust with customers. This article will provide wholesalers with information on how to find a Vietnam rice manufacturer and the important factors to consider before importing Vietnamese rice.

1. General information about Vietnam rice manufacturer market

Before exploring how to choose a reputable Vietnamese rice manufacturer, it’s important to update information about the current rice export market in Vietnam.

• Strong increase in production and value:
• In the first quarter of 2023, Vietnam’s rice export volume reached over 1.85 million tons with a value of $981 million, increasing by over 23% in volume and 34% in value compared to the same period in 2022.
• The average export price reached $529 per ton, nearly a 9% increase compared to the average price in the same period of 2022.
• Notably, the export value of rice to the EU has shown significant growth in many markets due to the export of fragrant rice and high-quality rice products with high added value of Vietnam rice manufacturers.
• Rice exports to Southeast Asian markets such as Indonesia and Singapore have experienced high growth, while exports to the EU have recorded a growth of nearly 50%, with strong growth in markets such as the Netherlands, Belgium, and Poland. Traditional and key markets such as China and the Philippines have remained stable.
• Favourable market conditions:
  • Currently, the demand for rice imports in Vietnam’s traditional markets such as the Philippines, China, Indonesia, and African countries is increasing. In European countries, the political conflict between Russia and Ukraine has led to an increase in food reserves, which is a factor benefiting rice export businesses in the coming period.
  • While the demand for rice imports is increasing, the supply of rice from major rice-exporting countries like India and Pakistan continues to be limited, and the price of Thai rice has increased due to the appreciation of the Baht. Vietnam rice manufacturers have the advantage of early rice supply from the Spring crop, stable rice production, and quality, so it is forecasted that in the short term, the price of Vietnamese rice will remain favourable.

2. Why we should choose Vietnam rice manufacturer 

There are several reasons why you should consider choosing a Vietnam rice manufacturer:

• High-quality rice: The country has a long history of rice cultivation, and its fertile land, favorable climate, and experienced farmers contribute to the production of premium rice varieties. 
• Diverse rice varieties: Whether you’re looking for long-grain rice, jasmine rice, sticky rice, or fragrant rice, Vietnam rice manufacturers can provide you with the desired type to meet all customers’ demand.
• Competitive pricing: The cost of production, including labor and land, is relatively lower in Vietnam rice manufacturers, which can translate into more affordable rice wholesale prices for buyers. 
• Reliable and large-scale production: The country has a well-established infrastructure for rice cultivation, harvesting, processing, and export. This ensures a reliable and consistent supply of rice, even for bulk orders or long-term contracts.
• Supporting policy from government: The Vietnamese government has implemented favorable policies and has actively pursued Free Trade Agreements (FTAs) to support the growth and development of the rice manufacturing industry such as EVFTA, CPTPP,… 

In summary, choosing a Vietnam rice manufacturer can provide you with access to high-quality rice, diverse varieties, competitive pricing, reliable production, and supporting from government. Vietnam’s reputation as a major rice producer and exporter makes it an attractive option for businesses looking for reliable rice sourcing.

3. Types of rice to buy from Vietnam rice manufacturers

Rice from Vietnamese rice manufacturers can be categorized into three main types as follows: speciality rice, fragrant rice, and ordinary rice.

• Specialty rice: These are rare and expensive types of rice that can only be grown in Vietnam. Some kinds of rice like this are ST25, ST24, Huong Lai Fragrant Rice, and others like them. They have a natural, unique smell and a delicate flavor. Specialty rice of Vietnam rice manufacturer is very popular because of how good it is, and its price often reflects that.
• Fragrant Rice and High-Value Rice: This group includes well-known types of rice like Jasmine, Japonica rice, KDM, DT8, and others. These varieties are popular in many markets because they are of good quality and don’t cost too much. People like them because they smell good, which is why they are popular. A big part of the rice that is made in Vietnam to be exported and imported is fragrant rice and rice with a high value.
• Ordinary Rice: This category includes low-priced and cheap types of rice. In general, the quality of ordinary rice is lower than that of specialty and fragrant rice. They are mostly sent to markets in Africa and some Asian countries. OM5451, IR504, Ham Chau, and other kinds of rice are all examples of ordinary rice. It’s important to note that Vietnam rice manufacturers are making less and less ordinary rice.

3.1. Vietnamese white rice of Vietnam rice manufacturers

In terms of the types of rice exported from Vietnam, white rice accounts for 38.2%. The largest markets for Vietnamese white rice exports include the Philippines with 59%, Cuba with 10%, and Bangladesh with approximately 5%.

According to the Vietnam Food Association, Vietnamese white rice of Vietnam rice manufacturers is currently being traded at a range of $488-492 per ton for 5% broken rice and $463-467 per ton for 25% broken rice. Compared to the same type of white rice from other major exporting countries, Vietnamese white rice is currently at the highest position in terms of price.

3.2. Vietnam jasmine rice of Vietnam rice manufacturers

This type of rice is characterized by long grains, a white color, a firm texture, and low stickiness. When cooked, it has a subtle fragrance and a slightly sticky texture.

According to the Vietnam Food Association, the export price of Jasmine rice has remained stable at around $583-587 per ton. Following the effective implementation of the EVFTA agreement, Vietnam rice manufacturers have also signed contracts to export approximately 3,000 tons of ST20 and Jasmine rice to Europe. Specifically, Jasmine rice is priced at over $600 per ton.

3.3. Vietnam fragrant rice of Vietnam rice manufacturers

Fragrant rice is considered an advantageous export item for Vietnam rice manufacturers. As the rice export market in the Asian region begins to pick up, many potential customers have been actively purchasing. Notable markets include China and Bangladesh…

Among the types of rice exported from Vietnam, fragrant rice is estimated to reach 716,000 tons, accounting for 34% of the total. The average export price of fragrant rice in May 2021 is around $536 per ton, which is an increase of $12 per ton compared to the previous month.

3.4. Vietnam glutinous rice of Vietnam rice manufacturer

Glutinous rice, also known as sticky rice, is a type of rice harvested from glutinous rice plants and is very popular in Asia. This type of rice has short grains, a milky white color, and a low amylose content. When cooked, it has a sticky and fragrant texture.

Glutinous rice is also an advantageous export item for Vietnam rice manufacturers. Its export volume accounts for approximately 16.4%. The largest Vietnamese rice market for glutinous rice exports is China, estimated to account for around 80%. Following that, Malaysia accounts for 6% and the Philippines approximately 6%. The average export price of glutinous rice in May 2021 is around $474 per ton.

3.5. Vietnamese japonica rice of Vietnam rice manufacturer

Japonica rice is a premium rice variety originating from Japan. It is known for its high-quality and highly assured rice grains, making it highly favored. Vietnam rice manufacturer exports this type of rice to markets such as China, Japan, and South Korea…

Unlike other rice varieties, Japonica rice grains are round, plump, thick, and harder. The rice is also stickier due to its higher amylopectin content. It has a gentle, subtle fragrance when smelled and a pleasant, sweet taste when eaten. Japonica rice is also nutritionally rich, containing high levels of minerals and vitamins such as B1, B2, E, K, and more.

4. Some factors affect the price of rice in Vietnam rice manufacturers

There are several factors that influence the export price of rice in Vietnam, including supply, demand, and logistics costs. Here are some details about these factors:

• Supply: The supply of rice for export depends on Vietnam’s agricultural productivity and output. Factors such as rice cultivation area, production technology, and climate can affect the yield and output of rice. If the production increases, the rice supply will also increase, which can impact the selling price of rice in Vietnam rice manufacturers.
• Demand: The demand for rice exports includes the needs of foreign markets. If the demand for rice increases, the export price may also increase. Factors affecting demand include trade policies, the economic situation of importing countries, consumer trends, and the influence of local factors such as diseases or weather conditions.
• Logistics costs: Logistics costs include factors such as fuel prices, transportation fees, transit time, and transportation infrastructure. If logistics costs rise, the export price of rice may also increase due to their negative impact on exporters’ profitability.

Additionally, other factors such as trade policies, exchange rates, production costs, and rice quality can also influence the export price of rice in Vietnam rice manufacturers.

5. Things to keep in mind when working with Vietnam rice manufacturers

When working with rice manufacturers in Vietnam, there are several important factors to consider to ensure a smooth buying and selling process. Here are some key points to keep in mind:

5.1. Vietnam rice manufacturers location 

Consider the location of the rice manufacturer in Vietnam. It’s beneficial to work with a manufacturer located in a region known for rice production and processing. Some prominent rice-producing regions in Vietnam include the Mekong Delta, Red River Delta, and Central Highlands.

5.2. Opportunities from open government policies and FTAs

Stay updated on open government policies and Free Trade Agreements (FTAs) that Vietnam has with other countries. These policies and agreements can provide opportunities for favourable trade conditions, including tariff reductions or exemptions, which can impact the cost and competitiveness of rice exports.

5.3. Examine the rice export business conditions of a Vietnam rice manufacturer

Before engaging with a rice manufacturer, it’s essential to evaluate their business conditions, such as their export capacity, experience, and financial stability. Look for Vietnam rice manufacturers with a track record of successfully exporting rice and who comply with relevant regulations and certifications.

5.4. Exported rice standard inspection

Ensure that the Vietnam rice manufacturer follows international quality standards for rice production and export. Familiarize yourself with the standards such as moisture content, broken rice percentage, grain size, and any specific requirements from your target market. Insist on proper quality control measures and certifications to ensure the rice meets the desired specifications.

5.5. How to select a reputable Vietnam rice manufacturer

When selecting a rice manufacturer in Vietnam, consider the following factors:

   – Reputation: Look for Vietnam rice manufacturers with a good reputation in the industry. Seek recommendations from reliable sources or conduct background research on their reputation and customer reviews.

   – Certifications: Check if the Vietnam rice manufacturer has relevant certifications such as ISO, HACCP, or other quality management system certifications, which ensure adherence to international standards.

   – Export experience: Assess the manufacturer’s experience in exporting rice, including their relationships with international buyers, export volume, and track record of timely delivery.

   – Communication and support: Evaluate their communication skills, responsiveness, and willingness to provide support throughout the buying process. Clear and effective communication is crucial for successful collaboration with Vietnam rice manufacturers.

By considering these factors, you can make informed decisions when working with Vietnam rice manufacturer, promoting a successful business partnership, and ensuring the quality and reliability of your rice supply.

6. Top 5 Vietnam rice manufacturers you can trust

Here are five rice manufacturers in Vietnam that have a strong reputation in the industry:

• Vina Food I: Vina Food I, also known as Vietnam Southern Food Corporation, is a leading rice manufacturer and exporter in Vietnam. They have a long history of rice trading and are known for their wide range of rice varieties and high-quality products.
• Vinafood II: Vinafood II, or Vietnam Northern Food Corporation, is another prominent Vietnam rice manufacturers. They have a strong presence in the northern region of the country and offer a diverse selection of rice products.
• Viet Agri Wholesale: Viet Agri Wholesale is established in 1995, and is a reputable Vietnam rice manufacturer and exporter that specializes in high-quality rice, including fragrant rice, glutinous rice, and speciality rice varieties. They have established relationships with international buyers and adhere to strict quality control standards.
• Angimex: Angimex, or An Giang Import-Export Company, is a well-known rice Vietnam rice manufacturer. They have a wide range of rice products, including both white and fragrant rice, and have a strong presence in the global rice market.
• Gentraco: Gentraco, or Gentra JSC, is a reliable Vietnam rice manufacturer and exporter based in Ho Chi Minh City. They offer various rice varieties, including fragrant rice, long-grain rice, and glutinous rice. Gentraco is committed to quality control and has experience serving international markets.

It’s important to conduct thorough research and due diligence when selecting a Vietnam rice manufacturer. Consider factors such as their reputation, certifications, export experience, product range, and customer reviews to make an informed decision based on your specific requirements.