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Update news vietnam's rice industry
Vietnam is rapidly increasing rice imports as global prices hit a low point, making October’s import bill nearly 3.3 times higher than last year’s.
Farmers can pocket VND18 million more in profit from each hectare of low-emission rice compared with traditional cultivation methods, as well as collect money from carbon credit sales.
Vietnam has gained the first harvests for the 1 million hectare high-quality low-emission cultivation pilot project and is entering the acceleration period. It is necessary to mobilize VND20 trillion more for the period.
Prime Minister Phạm Minh Chính has said we must "breathe life into the rice plants," instilling new vitality in the rice industry through digital technology, green development, circular economy, and innovation.
Japonica - AAN has become the second Vietnamese rice brand to have entered Japan, with a ceremony held on October 9 to debut the produce.
Despite being the world’s third-largest rice exporter, Vietnam has spent nearly US$1 billion on rice imports in the first nine months of 2024. The increase in rice imports is driven by a shift in rice cultivation trends.
Despite the country’s status as one of the world’s leading rice exporters, Vietnam is expected to spend nearly US$1 billion on rice imports for processing this year.
Vietnam, known for its robust rice production, has seen a dramatic increase in rice imports in 2024, with expenditures nearing $850 million within the first eight months.
The Ministry of Agriculture and Rural Development (MARD) and the World Bank are discussing a method on how to pay rice farmers for carbon credits.
A regional forum on low-emission rice farming kicked off in Hanoi on September 9, aiming to promote cooperation, build consensus, and seek viable solutions to address challenges in developing a sustainable rice value chain across landscapes.
Sustainable rice farming models in Mekong Delta localities have delivered promising results, taking strides toward more eco-friendly and profitable agriculture, the Ministry of Agriculture and Rural Development said.
Approximately 2.7 billion USD is required from various funding sources to implement a project on developing 1 million hectares of high-quality and low-emission rice in association with green growth in the Mekong Delta region by 2030.
Experts have gathered in a seminar held on August 26 by the Ministry of Agriculture and Rural Development focusing on advancing sustainable development and green growth in the Mekong Delta region through a significant rice cultivation project.