Vietnam will need about US$2.7 billion to implement its project of planting 1 million hectares of high-quality rice from now to 2030, according to an official from the Ministry of Agriculture and Rural Development (MARD).

The reduction of the rice import tax by the Philippines will create more advantages and increase opportunities for Vietnamese rice to enter the market later this year, insiders said.

Vietnamese businesses should continue to invest in deep processing to effectively penetrate Asian and African markets amid the rising trend to use deeply processed products in these outlets, the Asia-Africa Market Department under the Ministry of Industry and Trade (MoIT) has said.

VOV.VN - With Vietnam being the fifth largest rice producer in the world, there are bright prospects ahead for the development of the local agricultural industry towards an ecological and circular model, according to industry insiders.

VOV.VN - The early morning of June 10 saw residents of Hanoi rush to local markets to buy popular items for the Đoan Ngọ Festival, commonly called “Tết giết sâu bọ” (pest-killing festival), which is held on the fifth day of the fifth lunar month.

A workshop on developing the circular economy in rice production and processing was held in Can Tho city on June 7, drawing the participation of policymakers, experts, and representatives from international organisations and the Departments of Agriculture and Rural Development of 13 Mekong Delta localities, and businesses in this industry.

The International Rice Research Institute (IRRI) is interested in a project to develop one million hectares of high-quality, low-emission rice associated with green growth in Vietnam’s Mekong Delta, Director General Yvonne Pinto told Deputy Minister of Agriculture and Rural Development Tran Thanh Nam at their meeting in Can Tho city on June 6.

The Ministry of Finance (MoF) said on June 5 that in the first five months of 2024, domestic market prices were basically stable, with market developments in line with the price management scenario set by the Prime Minister’s Steering Committee for Price Management.

VOV.VN - Vietnam shipped 1.44 million tonnes of rice to the Philippines between January 1 and May 23, accounting for 72.9% of the latter’s total rice imports and making Vietnam the largest rice exporter to the island state, according to the Vietnam Trade Office in the Philippines.

VOV.VN - Amid the world facing a shortage of seven million tonnes of rice, Vietnam has seized a "golden" opportunities to increase exports, according to industry insiders.