Trade and markets
 

Detail

Area
Vietnam
Commodity Group
Rice
Commodity
All
Date
13/04/2015
Policy Category
Production
Policy Instrument
Production support/Land conservation
Description
Revised provisions put in place in 2012 to avert the conversion of paddies to other purposes. Effective 1 July 2015, the measures foresees the extension of Dong 500 000-1.0 million (USD 20-40) per hectare per year to support rice cultivation, up from the Dong 100 000-500 000 (USD 4-20) per hectare previously allotted, with the sum to be disbursed on top of existing state support for paddy cultivation. A separate Dong 10 million (USD 400) per hectare is to be allotted on a one-time basis to support land reclamation, with further provisions including assistance for the development of infrastructure, research and the provision of technical support.
Notes
Exchange rate as of 15 September 2015.