Sign up | Log in



Home  >>   Daily News  >>   Vietnam News  >> Agriculture  >> Rice farmers losing out on production profits
NEWS UPDATES Asean Affairs   21 October 2013  

Rice farmers losing out on production profits
Vietnam exports large amounts of rice, yet millions of rice farmers do not profit from their hard work, Minister of Agriculture and Rural Development Cao Duc Phat said.

He was speaking at a recent conference reviewing the implementation of the Party Central Committee's resolution on developing agriculture, farmers and rural areas over the past five years.

Total rice production reached 43.7 million tonnes this year, according to the ministry, an increase of 5.1 million tonnes over the past five years.

Rice exports brought in more than US$3 billion, making Viet Nam one of the world's top three exporters.

But the low profits that rice farming offers are driving many to abandon their fields, Phat said.

The country has about 18 millions hectares of land for cultivation, forestry and aquaculture production. The total turnover of the sector was VND9.4 trillion (US$441 million) last year, while the turnover of each hectare was VND50 million ($2,350).

"There are about five to six households sharing each hectare on average. How could they live on such a low income?" former Deputy Prime Minister Nguyen Cong Tan said.

Tan said the country should aim to increase farmers' incomes instead of rice exports. This could be done by reducing rice production to enough for domestic consumption and an extra 20 per cent for export and switching to other crops that would bring farmers higher profits.

Aquaculture production and the agriculture-forestry-aquaculture processing industry are also seeing high annual growth rates, about 5.6 per cent and 18.3 per cent respectively. But while agricultural exports are high, they also tend to be low value.

"We have mainly exported raw materials. Something must be done to avoid reducing the value of agricultural products in the international market," Tan said.

Dang Kim Son, head of the Institute of Policy and Strategy for Agriculture and Rural Development, said that individuals should be able to invest in agricultural machines to improve the value of agricultural products.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories   21 October 2013 Subsribe Now !
• Rupiah enjoys bullish week,ready for 10,000 per dollar Subcribe: Asean Affairs Global Magazine
• Myanmar constitution must be changed before 2015 polls: Suu Kyi Asean Affairs Premium
• PM Lee emphasises importance of raising pre-school standards
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Rice farmers losing out on production profits
• Property market shows upward trend
• Tourists cancelling Myanmar trips due to bomb blasts
Asean Analysis          21 October  2013 Advertise Your Brand
• Asean Analysis- October 21, 2013
China's Charm Offensive Signals A New Strategic Era In Southeast Asia
Asean Stock Watch     18 October  2013
• The Biweekly Update 18 October 13 • Asean Stock Watch-October 18

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand