According to the Ministry of Industry and Trade, the FOB (free on board) price of five percent broken product was US$390 a ton in early June, up $360-380 a ton over the end of May.
The price increase has been thanks to surging demand in the world market especially from Asian nations.
Experts forecast that the world rice price will further move up in the next three months. In Vietnam, many businesses have stepped up stockpiling, hoping the price to hit $400 a ton.
The export price hike has started pushing up rice prices in the Mekong Delta after a period of reduction. A kilogram of summer autumn rice is priced VND100-200 higher than a week ago.