MoIT proposes two solutions to resolve rice congestion in Mekong Delta

MoIT proposes two solutions to resolve rice congestion in Mekong Delta

Minister of Industry and Trade Nguyen Hong Dien has just signed an official dispatch proposing the Prime Minister to direct the opening of the green channel to ease congestion and difficulties for the rice market in the Mekong Delta with two options.
SBV requests banks to ensure capital for temporary stockpiling of paddy

SBV requests banks to ensure capital for temporary stockpiling of paddy

The Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong, on August 10, sent an official dispatch requesting commercial banks to fully and timely meet capital needs and expand the credit limit granted to traders and enterprises so that they have enough capital to purchase paddy for temporary stockpiling and improve the area and quality of warehouses, preservation, and processing of paddy and rice, contributing to minimizing traffic congestion and the current paddy backlog in the Mekong Delta.
Farmers harvest paddy in the Mekong Delta provinces. (Photo: SGGP)

Rice consumption remains stagnant

According to the Ministry of Agriculture and Rural Development, farmers in Mekong Delta provinces grew rice on an area of 1.6 million hectares this winter-spring rice crop with total yield of about 11 million tons, of which 3.64 million tons of rice are for domestic consumption and the remaining 7.4 million tons of rice are for export.