Tightening rice production, export over drought, saltwater intrusion
Deputy Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Agriculture and Rural Development to closely monitor rice production and exports.
Rice packages are stored for export at a warehouse of Long An food company. (Photo: VNA)Hanoi (VNA) – Deputy Prime Minister Nguyen Xuan Phuc has assigned the Ministry of Agriculture and Rural Development to closely monitor rice production and exports.
This will help ensure domestic food security and effectively manage export activities, given that prolonged and serious drought and saline intrusion are hitting major granaries in the country, particularly in the Mekong Delta.
This year, the delta expected to plant over 4.3 million hectares of rice fields, which would yield approximately 25.7 million tonnes of rice.
According to preliminary estimations, drought and saltwater have reduced the expected output by 700,000 tonnes, which are equivalent to 350,000 tonnes of rice.
In the first three months of this year, the country exported 1.59 million tonnes of rice.
For the whole year, the export volume is expected to remain at last year’s 6.5 million tonnes.-VNA
You should also see
Vietnam, China promote judicial cooperation
Minister of Justice Le Thanh Long held talks with his visiting Chinese counterpart He Rong in Hanoi on April 19 to discuss measures to promote judicial cooperation between the two countries.
See more
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
Business
Japan's Takashimaya plans to expand investment in Vietnam
Takashimaya, a Japanese operator of upscale department stores, plans to open a shopping centre in Hanoi in 2026 that will be the company's first new location abroad in eight years, Japanese newspaper Nikkei reported.
Business
Vietnam earns 1.43 billion USD from rice exports in Q1
ietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Business
Old loans must endure higher interest rates temporarily: central bank
The average lending interest rate for new loans by commercial banks is reported at around 6.4% per year, a decrease of 0.7 percentage point per year compared to the end of last year. However, borrowers with loans issued before the latest rate adjustment still must pay higher rates, according to the State Bank of Vietnam (SBV).
