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Vietnam Today

$21.9 million for arable land development

Released at: 08:01, 15/05/2015

$21.9 million for arable land development

State budget funds to go to nine localities to retain and reclaim land for rice and paddy cultivation.

by Hoai An

The Prime Minister has decided to fund an additional VND470 billion ($21.9 million) to nine localities to implement policies to protect and develop cultivated land for rice and paddy.

The nine cities and provinces to receive the State budget funds are Bac Ninh, Thanh Hoa, Da Nang, Quang Ngai, Tay Ninh, Vinh Long, Hau Giang, Dong Thap, and Kien Giang. Kien Giang is the largest recipient, with VND160 billion ($7.5 million), or 34.2 per cent of the total funding, while Da Nang will receive the least, of VND1 billion ($50,278), or 0.2 per cent.

Due to urbanization, industrialization, and infrastructure construction, the amount of arable land is falling rapidly in Vietnam and measures to retain arable land sources have become an urgent requirement.

To protect and develop land for rice and paddy cultivation the government previously issued Decree No. 35/2015/ND-CP on the effective management and use of land for rice and introduced policies to assist localities in their protection and development efforts. The State will provide them with VND1 million ($46) per ha per year for land under paddy cultivation and VND500,000 ($23) per ha per year for other rice land, except for such land in mountainous areas, which tends to appear in an unplanned manner.

In terms of land reclamation for rice cultivation, the State will provide localities producing rice with VND10 million ($460) per ha of land reclaimed for growing, again with the exception of land in mountainous areas.

According to the Vietnam Food Association (VFA), in the first four months of this year Vietnam exported 1.555 million tons of rice, down 11 per cent compared with the 1,758 million tons exported in the same period of 2014. The average export price stood at $419 per ton, a fall of 3.7 per cent year-on-year.

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