Markets and trade
 

Detail

Area
Viet Nam
Commodity Group
Rice
Commodity
All
Date
01/05/2012
Policy Category
Production
Policy Instrument
Production support/Land conservation
Description
Approved measures to arrest the conversion of area dedicated to rice cultivation to other uses, requiring that all transfers meet specific criteria and receive prior approval by authorities. Effective 1 July 2012, the new provision will also extend USD 25 (Dong 500 000) of financial support per hectare of wet paddy cultivated each year and cover between 50-70 percent of costs of fertilizers and other inputs when crops incur significant damages due to natural disasters or disease. Financial provisions to support land reclamation or rehabilitation for paddy cultivation purposes were also included.