Vietnam has so far this year imported 4.13 million tonnes of corn worth US$825 million, according to the Ministry of Agriculture and Rural Development.


The figures represented increases of 9% in volume and 11% in value compared to the same period last year.


Vietnam spends up to US$1.7 billion a year on average to buy corn from Argentina, Brazil and Thailand.

Corn import is on the rise due to the country’s limited plantation, which covers just over 1 million hectares, and difficult cultivation conditions that have led to low productivity, at 4.6 tonnes per hectare on average. Increasing demand for animal feed also contributes to the cause.

The agricultural body plans to shift between 700,000 and 800,000 hectaresof low-productivity rice paddies to the cultivation of other plants, with corn making up the lion’s share.

 

                                                          Source: VOV

Related Topics


Luong Son district develops industry, handicraft

Currently, Luong Son district counts 905 business establishments operating in industry and handicraft, helping generate jobs and stable incomes for local labourers.

Hoa Binh scores highest points in two indicators of PAR Index 2023

Hoa Binh scored the highest points in two out of the eight indicators of the Public Administrative Reform (PAR) Index ranking in 2023 that the Ministry of Home Affairs announced on April 17.

Hoa Binh’s potential, strengths popularised in US, Canada

A working delegation from Hoa Binh province led by Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Van Khanh is attending a programme to popularise Vietnamese products in the US and Canada on April 20-28.

Kim Boi district maintains stable, sustainable economic development in forestry

Anyone found to be encroaching upon the forest, even if it is just one bamboo shoot, will face penalties. This commitment has been unanimously added into the covenant of Bua Cau hamlet, Hung Son commune in Kim Boi district, to protect the forest.

Hoa Binh Power Corporation gears up for hot season

The Hoa Binh Power Corporation (PC Hoa Binh) has applied synchronous measures to gear up for the coming summer season when power consumption demand surge may cause a risk of power supply disruption.