Vietnam needs new vision for rice production

Vietnam is one of the world top three rice exporters with yearly rice output of 26 to 29 million tons
vietnam needs new vision for rice production

Professor Dr. Bui Chi Buu, former Director of the Institute of Agricultural Science for Southern Vietnam, says every brand should be built on a high-quality foundation, recognized and remembered by consumers thanks to its tightly controlled quality and easily traced origin. But Vietnamese rice hasn’t impressed global consumers because of the way it is produced.

Buu said, “Vietnam cannot build a brand for its rice with its current small-scale production. Once the large-scale rice field model is successful, we can re-organize the production process. Our rice export strategy should promote a national brand. In the value chain, major enterprises should play a greater role.”

In addition to developing a national rice brand, Deputy Minister of Industry and Trade Tran Quoc Khanh underscored the need to professionalize the rice production process and expand sources of supply.

“Vietnam needs to optimize sources of supply. It will be quite easy to find an outlet when Vietnam’s total yield is about 5 million tons. But if it gains 6 or 7 million tons a year, that will be a question. So we need to optimize production and its structure. Production restructuring is required.”

Associate Professor, Dr. Tran Dinh Thien, former Director of the Vietnam Institute of Economics, says that due to climate change, shifting crop structure to increase the value of farm produce, reducing production risks, and replacing wherever possible with aquaculture, animal husbandry, or vegetables is the future of Vietnam’s rice production.

“It costs a lot of human labor, fertilizer, water, and petrol to pursue an agricultural production strategy based on high output rather than quality. We should change the structure of food production now that our food security is guaranteed. It’s important to select high-quality rice varieties and reduce the rice cultivation area to conserve water,” said Thien.

Minister of Agriculture and Rural Development Nguyen Xuan Cuong said the sector is reviewing the national food safety program in which 500,000 ha out of 4 million ha of rice will be converted to more profitable crops. The rice sector needs a new vision and appropriate strategies to create the most profitability for Vietnamese farmers and rice businesses.

Cuong noted, “We need to restructure production and focus on links, processing, and market organization. We should pay more attention to the domestic market because our population is now nearly 100 million people. 33 million of them are workers and 40% are urban residents. Tastes vary so we must match production to the demand in each region.”

Vietnam earned more than 3 billion USD from exporting 6 million tons of rice last year. Its strategy for the 2021-2030 period is to reduce the amount of exported rice but increase the value of the made-in-Vietnam rice brand to earn greater revenue.

Source: VOV

Related News

Leverage to increase the scale of Vietnam - Laos trade turnover

Leverage to increase the scale of Vietnam - Laos trade turnover

VCN - From 2012 until now, trade turnover between the two countries has grown by 10-15%/year, but it has only reached US$1.65 billion which is not commensurate with the potential and special relationship between the two countries.
Vietnam-China trade reaches over US$ 27 billion

Vietnam-China trade reaches over US$ 27 billion

VCN – China continues to be the Vietnam's largest trading partner.
How more than 6 tons of smuggled gold transported to Vietnam?

How more than 6 tons of smuggled gold transported to Vietnam?

VCN - Taking advantage of border residents' policies, using homemade camouflaged vehicles to transport gold... in just a short time, dozens of subjects illegally transported more than 6 tons of gold, worth VND 8,461 billion from Cambodia to Vietnam to sell, illegally profiting tens of billions of Dong.
Destroying a "huge" drug trafficking network from Europe to Vietnam by air

Destroying a "huge" drug trafficking network from Europe to Vietnam by air

VCN - Hai Phong Police in coordination with Hanoi Customs and Hanoi Police have just destroyed a network of illegally buying, selling and transporting drugs from Europe to Vietnam by air, seizing the evidence of 45,000 drug pills.

Latest News

Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Localities get ready for fourth FDI boom

Localities get ready for fourth FDI boom

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
Opportunities to develop a smart and sustainable packaging industry

Opportunities to develop a smart and sustainable packaging industry

VCN - The concept of circular economy and sustainability requirements are increasingly influencing packaging design. In particular, highly recyclable packaging is gradually becoming an important part of the packaging process in the food and beverage industry. This is also one of the key factors promoting the development of Vietnam's packaging industry.
Domestic retailers eye export-quality products

Domestic retailers eye export-quality products

Domestic retailers are increasing the distribution of export-quality products to cash in on the consumption trend towards green, environmentally friendly and safe products.

More News

Textile and garment exports recovered positively

Textile and garment exports recovered positively

VCN - Vu Duc Giang, Chairman of Vietnam Textile & Apparel Association shared with Customs News about the production and export situation of Vietnam's textile and garment industry after many difficult periods.
Launch of FDI Annual Report 2023

Launch of FDI Annual Report 2023

VCN - In 2023, industrial parks and economic zones kept attracting foreign investors with 27.7 billion USD of FDI capital investment; the number of new investment projects, adjusted investment capital and implemented FDI capital all increased compared to the previous year.
Vietnam has opportunities to attract, develop the offshoring market

Vietnam has opportunities to attract, develop the offshoring market

Vietnam is an attractive choice for businesses who are looking for outsource solutions, given its affordable workforce, highly skilled human resources and the constantly developing infrastructure of information technology and the telecommunications industry, said real estate consultancy firm Knight Frank in its report Asia-Pacific Horizon: Harnessing the Potential of Offshoring.
Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

Nearly 600 million USD disbursed in support of agroforestry, aquatic sectors

More than 15 trillion VND (597 million USD) has been disbursed under a credit scheme to support Vietnamese agroforestry and aquatic sectors since July last year, heard participants at a recent conference to discuss measures on maintaining Vietnam's key agricultural exports.
Be proactive and flexible with production materials

Be proactive and flexible with production materials

VCN - Enterprises' production and export orders have gradually returned, leading to many recovery prospects. Therefore, the issue of raw materials for production continues to be a major concern to meet rules of origin requirements.
Cooperate to build leading and "rich in vitality" state-owned enterprises

Cooperate to build leading and "rich in vitality" state-owned enterprises

VCN - In Vietnam, the contribution ratio of state-owned enterprises (SOEs) to GDP is approximately 30% but their competitiveness is not commensurate with the resources they hold, and many SOEs operate ineffectively.
Garment & textile sector tries to keep growth momentum

Garment & textile sector tries to keep growth momentum

The Vietnamese garment and textile sector is carrying out various measures to bolster production and business activities amidst formidable challenges posed by falling demand, high inventory, and geopolitical instability in several countries, according to insiders.
Businesses capitalize on recovery momentum to explore market expansion

Businesses capitalize on recovery momentum to explore market expansion

VCN - Since the start of the year, Vietnam’s exports have welcomed positive signals as orders from several key sectors have noticeably rebounded. Enterprises are capitalizing on the market recovery to bolster their export drive.
Access to the Chinese market is increasingly convenient

Access to the Chinese market is increasingly convenient

VCN - As Vice Chairman of the High Quality Vietnamese Goods Business Association, Mr. Nguyen Lam Vien (photo) is also Chairman of the Board of Directors of Vinamit Joint Stock Company - a very successful enterprise in the Chinese market, shared with Customs News many interesting information and advice for businesses to achieve success in this potential billion-people market.
Read More

Your care

Latest Most read
Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam earns 1.43 billion USD from rice exports in Q1

Vietnam in the first quarter of 2024 exported 2.18 million tonnes of rice, earning 1.43 billion USD, an increase of 17.6% in volume and 45.5% in value year on year. Meanwhile, the average export rice price also increased by 23.6% to $653.9 per tonne.
Localities get ready for fourth FDI boom

Localities get ready for fourth FDI boom

As the year 2024 is expected to witness the start of the fourth wave of foreign direct investment (FDI) to Vietnam, localities nationwide are getting ready to absorb foreign capital flows.
Opportunities to develop a smart and sustainable packaging industry

Opportunities to develop a smart and sustainable packaging industry

VCN - The concept of circular economy and sustainability requirements are increasingly influencing packaging design. In particular, highly recyclable packaging is gradually becoming an important part of the packaging process in the food and beverage indus
Domestic retailers eye export-quality products

Domestic retailers eye export-quality products

Domestic retailers are increasing the distribution of export-quality products to cash in on the consumption trend towards green, environmentally friendly and safe products.
Textile and garment exports recovered positively

Textile and garment exports recovered positively

Vu Duc Giang, Chairman of Vietnam Textile & Apparel Association shared with Customs News about the production and export situation of Vietnam's textile and garment industry
Mobile Version