Hanoi, Aug. 14 -- Vietnam's rice exports are projected to reach at least 8 million tonnes in 2025, positioning the country as the world's second-largest exporter for the first time, according to Do Ha Nam, Chairman of the Vietnam Food Association (VFA).

Vietnam's average export price for rice currently stands at 514 USD per tonne. Although this is lower than in recent years, it remains higher than that of other suppliers, he said, noting that the global rice market is experiencing oversupply.

Thailand, the world's second-largest rice exporter for many years, is facing significant challenges, with volumes down 30% year-on-year. In contrast, Vietnam's rice exports have continued to grow, reaching over 5.5 million tonnes to date.

"Vietnam...