Vietnam rice industry has improved massively over the past decades in term of productivity and profitability. Vietnam exports about 6 million tons of rice per year, and it has become one of the biggest rice export country in the world, stand along with Thailand and India. And now, after joining the Trans-Pacific Partnership (TPP) and the upcoming Regional Comprehensive Economic Partnership (RCEP), Vietnam could have a chance to expand its rice market, gain more advantages when competing against India and Thailand. But despite of this, the rice industry of Vietnam still suffer several critical issues such as unstable price and low quality product. Therefore, this research aims to define the advantages and disadvantages for the rice industry of Vietnam in the TPP and RCEP, and identify factors that could enhance the industry. In doing so, can help the industry survive, improve and compete in the TPP and RCEP.