The first rice trading floor in Vietnam will debut in the Mekong Delta province of Hau Giang during Vietnam’s first ever Rice Festival at the end of this month.

Director Nguyen Van Dong from the provincial Agriculture and Rural Development Department said that the trading floor is being set up by the Vietnam Food Association, replacing a 20ha rice market in Chau Thanh A district.

This is the second farm produce exchange to be established in the country after the coffee trading floor in Buon Ma Thuot in the central highland province of Dak Lak was opened, added Dong.


So far, 30 enterprises have registered to trade on the floor.
The first trading sessions are expected to be conducted using spot delivery contracts, but after more enterprises join the trading floor, it will expand to include futures contracts.

The floor is expected to help businesses and farmers avoid difficulties due to price fluctuations. It will also offer farmers the opportunity to apply modern technologies to improve the quality of their rice and increase Vietnam ’s competitiveness in the world’s rice markets./.