Chu Minh Khôi

Increasingly complex and unpredictable global and regional developments could affect global rice supply, demand and prices.

Prime Minister Pham Minh Chinh issued an official dispatch on March 11 calling for coordinated actions to ensure stable rice production and sales amid evolving domestic and global conditions.

The Prime Minister tasked the Ministry of Agriculture and Environment with instructing local authorities to closely monitor production developments, improve forecasting capacity, and proactively respond to adverse weather conditions. The aim is to protect crops, maintain planned yields and output, and reduce production costs.

The ministry was also asked to coordinate with relevant ministries, agencies and localities to strengthen linkages between businesses and farmers, promote proactive rice procurement, processing and exports, and ensure stable sales of commercial paddy.

Meanwhile, the Ministry of Industry and Trade is required to closely monitor and forecast export–import activities, consumption demand and food prices in regional and global markets to enable flexible management of rice trading and export operations, thereby improving export efficiency.

Trade promotion efforts will be stepped up to expand exports to major and high-potential markets, diversify export destinations, and gradually reduce dependence on traditional importers. The ministry will also provide guidance on favourable export timing to enhance price competitiveness while promoting domestic rice consumption and diversifying rice-based products for both local and international markets.

The State Bank of Vietnam has been directed to guide credit institutions in providing adequate capital at reasonable interest rates to support enterprises purchasing rice, particularly during peak harvest periods.

Enterprises are encouraged to maximise storage and processing capacity for temporary stockpiling to help stabilise the market, while enhancing market monitoring, forecasting and information sharing to promptly adjust business strategies in line with domestic and global developments.

Increasingly complex and unpredictable global and regional developments could affect global rice supply, demand and prices, according to the dispatch. Domestically, the peak winter–spring harvest in Mekong Delta localities has led to a drop in paddy purchasing prices compared with the same period last year.

Published Date: March 13, 2026