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March 3, 2009

Vietnam to set up mega rice storage
The Ministry of Agriculture and Rural Development (MARD) is working on the establishment of a modern rice storage system in the Mekong  delta to ensure the nation’s reserve for export, reported Vietnam News Agency.

The system, which is estimated to cost 7 trillion dong in investment, is required by the Prime Minister to be capable of storing up to 4 million tonnes of rice.

According to the MARD’s plan, the system will include the existing storage chain, which will be repaired and upgraded to meet required standards.

New storages, designed to stock 2.8 million tonnes of rice, will be built near sea ports in Long An, Dong Thap, An Giang, Can Tho and Ho Chi Minh City, for easy transportation.

Both the upgrade of old storages and the building of new ones are expected to be completed by 2011.

Vietnam harvests around 38 million tonnes of paddy rice annually with half coming from the rice-bowl Mekong delta.  The country has set to export between 4.5-5 million tonnes of rice this year. In 2008, the country shipped abroad 4.74 million tonnes of rice, raking in $2.89 billion.

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