Mekong Delta farmers up to now have harvested some one-third of the region’s total rice crops for the period, with an average yield of over 7.3 tons per hectare.
Rice harvest in the Mekong Delta
The Vi Thuy brand was rated a 4-star eco rice product by the domestic OCOP program (One Commune One Product) which prompted Hau Giang authorities to promote the safety production chain to local farmers.
On a nationwide scale, restructuring the agriculture sector by cutting off inefficient yields has boosted rice production significantly, as well as created opportunities for up to 6 million tons of Vietnamese rice to enter EU markets per year, said business insiders.
Although the EU market demands some 2.1-2.3 tons of rice per year, only 80,000 tons of Vietnamese exports can enter each year under regulations of the EVFTA.
The Asian country in recent years has commanded international attention with multiple global award-winning rice varieties. Experts believe Vietnam in the near future can export as many as 1 million tons of white fragrant rice at over US$1,000 per ton, earning US$1 billion in foreign currency each year.
To further promote Vietnamese rice, there have been proposals for the Ministry of Agriculture and Rural Development and the Ministry of Industry and Trade to set up a national committee for the rice industry in associations with domestic cooperatives and overseas trade counselors.