Genetically modified corn’s high financial potential

Genetically-modified (GM) maize can benefit the national economy greatly and aid environmental protection, according to Tran Xuan Dinh, deputy head of Vietnam’s Department of Crop Production.

Dinh said at a recent conference on biotechnological crop production that GM maize yields are 25% higher than their traditional counterparts, offer higher financial reward.

genetically modified corn’s high financial potential hinh 0
A farmer at his genetically modified corn crop in Dong Nai Province, located in southern Vietnam, on April 2, 2015.

“Featuring a resistance to pests, meaning that less pesticide is used, the GM variants also contribute to environmental protection,” he added.

According to Dinh, there are 16 varieties of genetically-engineered corn permitted for cultivation in Vietnam by the Ministry of Agriculture and Rural Development.

But the cultivation of the GM varieties is limited due to the seed’s price, which is more expensive than the F1 hybrids, and the current price of corn products is low.

Currently, about 200 metric tons of GM corn seeds are available in the Vietnamese domestic market.

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