VIETNAM RICE PADDY INDUSTRY

Rice is the main food crops and also the main source of income for millions of rural households in Vietnam. In the first 9 months of 2018, the rice prices have decreased compared to the beginning of 2018 but increased compared to the same period last year.

In recent years, Vietnam rice paddy industry have been through a difficult period. However, the agricultural production in the first 9 months of 2018 had a quite good result.
The rice consumption of the 2018-2019 season is expected to increase slightly by 0.5%. Vietnam’s main export markets are Asia (accounting for 70%) and Africa (accounting for 14%). In the first 9 months of 2018, the rice export volume is estimated to increase by 6.7% and the rice export value is estimated to increase by 21.3% compare to the same period in 2017.

China maintains the largest rice importer of Vietnam, accounting for 23% of Vietnam’s total export volume and the rice export turnover in the first 9 months of 2018.
Rice exports are still concentrated in some major enterprises, state-owned enterprises such as VINAFOOD I, VINAFOOD II and state-owned enterprises at the local level.
According to the forecast, 2018 will be a promising year for the rice paddy industry when two countries that compete directly with Vietnam rice paddy industry, India and Thailand, are in shortage of supply while the demand for rice is still high.

Abbreviations
Summary
1. Business Environment
1.1 Macroeconomic Situation
1.2 Legal Framework
2. Global rice-paddy market
2.1 Production
2.2 Consumption
3. Vietnam rice-paddy market
3.1 History of establishment and development
3.2 Industry value chain
3.3 Rice-paddy cultivation
3.4 Rice production
3.5 Rice consumption
3.6 Rice trade
3.7 Price movements
4. Industry overview
4.1 Analysis of competitiveness
4.2 Industry planning
5. Enterprise analysis
5.1 Introduction of enterprises
5.2 Enterprice analysis

VINAFOOD II
VINAFOOD I
TAN THANH AN COMPANY LIMITED
Kigimex
TAN DONG TIEN JSC
GIA INTERNATIONAL CORP
TIN THUONG INVESTMENT TRADING JSC
THUAN MINH IMPORT EXPORT CORPORATION
AGRICAM
VIETNAM INTIMEX JOINT STOCK CORPORATION

Figure 1: GDP growth, 2011 – 9M/2018
Figure 2: Contribution structure of industries to Viet Nam GDP, 9M/2018
Figure 3:  VND/USD exchange rate, 2016-9/2017
Figure 4: Interest rate, 2012 – 9M/2018
Figure 5: Commodity imports and exports, 2014 – 9M/2018
Figure 6: Proportion value of rice-paddy industry contributing to Vietnam exports, 2010 – 9M/2018
Figure 7: Global rice-paddy production, 2008/2009 – 2018/2010F
Figure 8: The structure of rice production output by regions, 2016/17
Figure 9: The structure of rice production output by countries, 2017/18
Figure 10: Rice consumption in the period from 1960/61 to 2017/18e
Figure 11: Rice consumption by regions in the season 2016/2017
Figure 12: Rice consumption by using purposes, 2012/13 – 2017/18e
Figure 13: Top 10 largest rice consumers in the season 2017/18e
Figure 14: Rice consumption per capita in the regions, 2006 – 2016  
Figure 15: Incomes and rice consumption per capita of some countries in 2016
Figure 16: Rice-paddy area and output, 1961 – 2017
Figure 17: Rice-paddy production and distribution chain
Figure 18: Structure of domestic rice distribution market in 2016
Figure 19: Rice-paddy area and output in the 3 seasons of the period from 2010 to 2018e
Figure 20: Rice-paddy cultivated area by regions, 2010 -2017e
Figure 21: Fertilizer application for rice cultivation averaged over 1ha, 2011 – 2014
Figure 22: Vietnam rice production, 2010/11 – 2017/18f
Figure 23: Vietnam rice consumption from 2010/11 to 2017/18
Figure 24: The structure of rice consumption by volume, 2017e
Figure 25: Export volume and value of rice, 2010 – 9M/2018
Figure 26: The structure of rice export by volume, 9M/2018
Figure 27: The structure of rice export by products, 2017e
Figure 28: Rice proportion exported under concentrated export contract, 2007 – 6M/2018
Figure 29: The structure of rice exports by output, 6M/2018
Figure 30: Comparison of the asking price for exported rice between Thailand and Vietnam in 2017
Figure 31: Comparison of the asking price for exporting to some contries, 2014 – 2018
Figure 32: Net revenue of 10 enterprises in the industry, 2016 – 2017
Figure 33: Gross profit margin, 2016 – 2017
Figure 34: Selling expense/Net revenue, 2016 – 2017
Figure 35: General and administrative expense/Net revenue, 2016 – 2017
Figure 36: Financial expenses/net revenue, 2016 – 2017
Figure 37: Days of sales outstanding, 2016 – 2017
Figure 38: Solvency ratio, 2017
Figure 39: Days’ sales in inventory, 2017
Figure 40: Asset structure and total assets turnover in 2017
Figure 41: Debt structure and debt/equity ratio 2017
Figure 42: Return on assets and equity, 2017

Table 1: Limit of agricultural land allocation due to Land Law 2013
Table 2: Main rice-paddy cultivated seasons in Vietnam
Table 3: Domestic price for rice in 2017
Table 4: Comparison of the asking price for exported rice between Thailand and Vietnam in 9M/2018
Table 5: Domestic price for rice in 2017
Table 6: Top of the largest rice-paddy enterprises with the greatest revenue in 2017