Rice production in Vietnam should be revamped to gain
higher value for producers from exports and domestic sales, a group of experts
have said.
"Vietnam has enjoyed years
of good production and exports of rice but practices need to improve in the
future to increase the value of production," said Bui Ba Bong, deputy
minister of agriculture and rural development.
Bong said different models of
rice production had developed at rice fields in the Cuu Long (Mekong) Delta
region and the domestic farming sector should undergo a comprehensive overhaul
to win in competition with foreign companies entering Viet Nam's rice trade in
the future.
The establishment of trade mark
for rice grown in the region under the national trade mark programme would help
Vietnamese rice in the world market, he said.
Rice expert Vo Tong Xuan said
current capacity of production needed to improve to increase profits for all
stages of production.
Modernisation of rice
production in the region in the future would bring stability and higher incomes
for farmers, Xuan said.
The Ministry of Agriculture and
Rural Development reported only 25 per cent of farms in Vietnam had approached
authorities for market information, while 60 per cent of farm products had been
sold below market prices and 40-50 per cent of production costs for export rice
were for importing production materials.
Rice production had suffered
from high costs in import materials, such as fertiliser but levels of
consumption should offer farmers a stable price.
Therefore, meeting target
profits for farmers was important in ensuring economic security, the ministry
reported.
The Cultivation Department
under the Ministry of Agriculture and Rural development said the floods of 2011
in the region had gained increased output of rice, bringing the output in
Vietnam to 42.3 million tonnes this year, 2.3 million tonnes higher than last
year.
In 2011, Vietnam exported 7.2
million tonnes of rice, gaining US$3.7 billion, a 22-year high in the volume of
export.
Vietnam News
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.

No comments:
Post a Comment