Vietnam Plans To Set Up National Rice Fund

The Vietnamese government is preparing to set up a national rice fund of 100,000 MT with the aim of stabilizing the domestic markets amid global uncertainty.

According to an official of the Vietnam Food Association, the government has asked the Northern Food Corp. and the Southern Food Corp. to work out the details of setting up the rice fund.

Meanwhile Rice prices in Vietnam are expected to fall in the coming weeks, as farmers in the Mekong delta region are intensifying their collection of the paddy rice crop harvested between June and August.