Deputy Minister of Agriculture and Rural Development of Vietnam, Chen Desheng, confirmed that in the short term, the move by the two countries will not significantly impact Vietnam's rice exports. The ministry will report to the Prime Minister, requesting guidance for banks to provide preferential credit, support debt restructuring, and resolve value-added tax refund issues.
Deputy Minister Chen Desheng emphasized that Vietnam's rice market needs to quickly respond in the short term while also having a long-term strategy. On one hand, issues such as credit, taxation, and trade promotion need to be addressed; on the other hand, the advantages of autumn-winter rice crops should be leveraged to explore new markets, restructure production, and ensure that farmers have profits and confidence.
The Quality, Processing, and Market Development Bureau stated that as of the end of August 2025, the harvested rice area in the country was 3.13 million hectares, with a production of 20.52 million tons. The remaining part of the year is mainly concentrated in the autumn-winter rice crops, with a planned planting area exceeding 708,000 hectares. This is an important space for adjusting supply and demand, provided that the chain between farmers, cooperatives, and enterprises operates smoothly.
The bureau also pointed out that while promoting production, enterprises need to increase investment in post-harvest infrastructure, such as rice and rice storage facilities, standard rice milling production lines, and modern storage technologies. If these links are lacking, the supply chain may easily become congested during the peak of the autumn-winter season.
Once infrastructure investments are in place, enterprises can implement strategic reserves and choose appropriate times to sell, aligning with orders and international prices, rather than being forced to sell urgently due to cash flow issues.
According to the Crop Cultivation and Plant Protection Bureau, the rice production in the last four months of this year is expected to increase by 13.8 million tons, with the autumn-winter rice crops in the Pearl River Delta contributing about 6 million tons. This is a unique advantage that this region's country does not possess. (End)