In 2023, Vietnam's milled rice production stood at 27.00 million metric tons. Based on the forecast data for 2024-2028, the production shows a slightly declining trend. From 2024 to 2025, the year-on-year variation is minimal at -0.04%. The subsequent years from 2025 to 2028 continue this pattern with annual decreases just around 0.04% each year. Over the last two years, the trend is consistent with a slight decrease. The Compound Annual Growth Rate (CAGR) over the next five years indicates a minor decline in production at approximately -0.03% per year.
Future trends to watch for include potential impacts of climate change, government agricultural policies, and advancements in rice farming technology. These factors could either counteract the declining trend or further affect production negatively, influencing both domestic supply and export capabilities of Vietnam's rice industry.
