The rice production at the farm gate in Vietnam stood at 9.63 billion Euros in 2023. Forecasted data suggests a steady annual increase, reaching 10.84 billion Euros by 2028. Year-on-year, the value is expected to grow consistently: 2.42% from 2024 to 2025, 2.26% from 2025 to 2026, 2.22% from 2026 to 2027, and 2.17% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year period is projected to be 2.28%.
Future trends to watch for include the impact of technological advancements in rice farming, fluctuations in global rice prices, and potential shifts in domestic and international demand. Additionally, any changes in governmental policies regarding agriculture could significantly affect these forecasts.
