Deputy Prime Minister Bui Thanh Son has signed off the Prime Minister's decision to approve the content of the Vietnamese and Singaporean Governments' memorandum of understanding (MoU) on rice trade cooperation.
Rice is packaged at Loc Troi Group’s factory in An Giang province. (Photo: VNA)
The Prime Minister has authorised the Minister of Industry and Trade to represent the Government of Vietnam in signing the MoU with a duly authorised representative of Singapore. The Ministry of Foreign Affairs is tasked with carrying out the authorisation procedures in accordance with regulations.
The decision takes effect from the date of signing, October 25, 2025.
According to the Vietnam Trade Office in Singapore, Singapore’s rice import remains stable; however, Vietnamese rice continues to face strong competition from similar products originating from India, Thailand, and Japan. The Singapore Government’s proposal to sign a bilateral rice trade agreement with Vietnam is expected to help stabilise Vietnam’s rice export to the city-state in the time ahead.
