Mekong Delta to buy 1 million tonnes of rice for reserve in early March

Source: Pano feed

Đăng ký: VietNam News

Photo for illustration. (Source:

Photo for illustration. (Source:

(CPV) - The Prime Minister has issued a decision directing the Mekong Delta to purchase and stockpile 1 million tonnes of rice from the winter-spring crop.

Specifically, the duration for the purchase and stockpile will be from March 1st to April 15th, 2015.

The PM assigned the State Bank of Vietnam to collaborate with some commercial banks to offer loans for the purchase with a six-month maturity through August 31st.

The state budget will support 100% of the interest rate for loans from commercial banks for the purchase and stockpile within 4 months until June 30th, 2015.

The Ministry of Agriculture and Rural Development was urged to associate with the Ministry of Industry and Trade, central-governed provinces and cities in the Mekong Delta and the Vietnam Food Association to monitor the progress in accordance with regulations./.