Vietnam will need about 2.7 billion USD 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). According to preliminary calculations, if the investment for the whole project is about 1 billion USD, it will generate a profit of about 4 billion USD. It will also cut down production costs and fertilisers by about 30%. The project to develop 1 million hectares of specialised rice cultivation with high quality and low emissions associated with green growth in the Mekong Delta region was approved by the Prime Minister on November 27, 2023. It is part of efforts to restructure the region’s production system and value chain with a focus on sustainable farming practices, higher product value, greater business and production efficiency, as well as improved livelihoods of rice farmers, in accordance with Vietnam’s commitment to protect the environment, adapt to climate change and reduce greenh
ouse gas emissions.
Source: Vietnam News Agency