Log in
Business

Vietnam to grow one million hectares of low-carbon rice

The plan matters a lot to Vietnam as the country pursues climate change targets and promotes rice trade with strategic partners amid global food concerns.

Vietnam's plan to grow one million hectares of high-quality, low-carbon rice fields in the Mekong Delta demonstrates the country's twin missions of ensuring national food security and sustainable agriculture.

The idea was unveiled at a conference in Kien Giang this week, attended by Deputy Prime Minister Tran Luu Quang.

The project, to be implemented in 12 Mekong Delta provinces, including Kien Giang, An Giang, Dong Thap, and Soc Trang, is one of the World Bank's key programmes, said Deputy Minister of Agriculture and Rural Development Tran Thanh Nam, adding that the World Bank will lend Vietnam US$500 million for the project.

Kien Giang takes on an important role

Given this strategic project, the southern province of Kien Giang is committed to taking the lead in sustainable agriculture, while ensuring better benefits for farmers and producers, according to Le Quoc Anh, Vice Chairman of the Kien Giang Provincial People's Committee.

 Rice harvest in Mekong Delta. Photo: Huu Tuan/The Hanoi Times

"Farmers in the Delta region and Kien Giang Province are expecting higher incomes from the implementation of the project," he said.

"We hope that by 2030, the value of rice production will increase by 40% and the rate of return for local farmers will exceed 50%," the provincial vice chairman added.

Kien Giang Province is very supportive of the project implementation and has launched an action plan, Anh said.

The province will cultivate 60,000 hectares of high-quality, low-carbon rice fields in 2024, and expects to increase the area to 100,000 hectares in 2025 and 200,000 hectares in 2030, he said.

The provincial government and local authorities will develop policies to encourage investment in sustainable agriculture and support cooperatives to join the scheme, he said.

"Financial resources will be pooled and allocated to start the project as soon as possible in 2024," Vice Chairman Anh affirmed.

Bui Ba Bong, Chairman of the Vietnam Rice Industry Association, pledged to develop 10 model cooperatives under the project and to "better connect farmers and businesses in the value chain," he said.

The veteran specialist suggested that local farmers adopt high-tech solutions for farming and reducing emissions, and join rice promotion activities.

He also encouraged individuals and units to come up with breakthrough initiatives and solutions.

"The partnership with the International Rice Research Institute (IRRI) is expected to develop three to five 200-hectare high-tech low-carbon rice sample fields," he said.

Other measures include developing Vietnamese standards for low-carbon rice and certifying low-carbon rice brands that come from the project areas, Bong said.

The association will help link government agencies with domestic producers and farmers to disseminate policies, study changes in agricultural regulations, and help farmers and producers promote their products in international markets, especially low-carbon products, he stated.

Government responsibilities

Stressing the role of the government, ministries and central level agencies, Bong recommended that the project be considered as part of green growth programs.

"It should be aligned with other climate change and emission reduction projects that will drive the development of the Mekong Delta region, improve living conditions, and ensure national food security," Bong said.

The central bank should take measures to initiate a credit package for cooperatives and businesses and improve their performance, he said.

Meanwhile, the government should develop a national research program on high-quality, low-carbon rice to prepare for the next 5-10 years, he said.

 Rice production at Loc Troi Group. Photo: The Hanoi Times

"There should be an experimental program on carbon credits for rice cultivation in 2024, as international organizations are willing to provide Vietnam with financial and technical assistance in this matter."

He said the ministry and the World Bank are working on a carbon credit policy for rice cultivation to increase farmers' income and reduce emissions.

The ministry will work with the State Bank of Vietnam and commercial banks to provide a preferential loan package for businesses and cooperatives that join the project, Nam said.

He urged southern provinces to develop their project implementation plans for 2024 and beyond, improve business conditions to attract private investors, provide training to raise the skills of local workers, and improve domestic infrastructure.

Deputy Prime Minister Tran Luu Quang said the government will do its best to support provinces, enterprises and cooperatives in the Mekong Delta to implement the project.

He tasked the finance ministry to come up with a feasible funding plan for the project, and reminded localities to pay attention to negotiating ODA loans with international agencies.

He instructed the Ministry of Finance to come up with a feasible financing plan for the project and reminded localities to pay attention to negotiating ODA loans with international agencies.

The Mekong Delta region is the largest rice basket in Vietnam, producing a total of 24-25 million tons of rice annually. This figure accounts for more than 90% of the country's total rice production. In 2023, the region exported more than $4.8 billion worth of rice, up 39.4% from the previous year.

However, poor rice management and the use of outdated farming practices and technologies have resulted in low productivity and yields for farmers.

Meanwhile, the use of chemicals and pesticides has polluted the environment and increased greenhouse gases. Every year, the region produces 26-27 million tons of waste. Of this, 70% is buried and burned, and only 30% is used in other agricultural activities. Burning and burying rice-farming waste pollutes the air and increases methane and other greenhouse gas emissions.

Reactions:
Share:
Trending
Most Viewed
Related news
Vietnam to tighten biometric authentication for new bank cards next year

Vietnam to tighten biometric authentication for new bank cards next year

Bank card issuers must conduct a face-to-face meeting and match the biometric data of individual customers or the legal representative of organizational customers with their identity documents.

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Make in Vietnam forum spotlights breakthroughs shaping digital future in the country

Vietnam will host the seventh National Forum on Vietnamese Digital Technology Enterprises on December 25 in Hanoi, highlighting policy directions, strategic technologies and progress under the “Make in Vietnam” initiative as the country pushes toward a stronger digital economy.

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

Hanoi and Moscow seek new economic momentum as partnership marks 75 years

At the Moscow–Hanoi Business Forum, leaders from both capitals said 75 years of Vietnam–Russia ties provide a strong foundation to deepen economic and investment cooperation, especially in technology, trade and urban development.

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam manufacturing maintains strong momentum despite storms disrupting supply chains

Vietnam’s manufacturing sector continued to expand in November, marking the fifth straight month of improvement, even as severe storms caused supply-chain delays and slowed production, according to S&P Global.

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Techfest 2025 returns to Hanoi, spotlighting Vietnam’s vibrant startup community

Hanoi’s Hoan Kiem pedestrian street will host Techfest Vietnam 2025 from December 12 to December 14, welcoming entrepreneurs, investors and the public to explore emerging technologies and celebrate the country’s growing culture of innovation.

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

Vietnam expands major entrepreneurship program to unlock opportunities for women nationwide

The Vietnam Women’s Entrepreneurship Support Program has surpassed nearly every target set for 2017–2025, empowering more than 118,000 women to launch new ventures and laying the groundwork for a stronger, more inclusive entrepreneurial ecosystem in the next decade.

HHTIP accompanies businesses in efficient energy use for sustainability

HHTIP accompanies businesses in efficient energy use for sustainability

As green transition becomes a decisive factor shaping future growth, Hanoi is intensifying efforts to push energy efficiency across its industrial zones. The city’s management board is building a development model centered on clean energy, responsible production and sustainable operations.

Vietnam launches Semiconductor Alliance to build skilled workforce, strengthen global industry ties

Vietnam launches Semiconductor Alliance to build skilled workforce, strengthen global industry ties

The newly launched Semiconductor Alliance in Vietnam seeks to develop skilled professionals, foster collaboration between universities and businesses while preparing the country to play a more active role in the global semiconductor industry.