Therefore, the Ministry of Agriculture and Rural Development has proposed a project to develop a million hectares of high-quality rice in the Mekong Delta with the achievable goal of 500,000 hectares of high-quality rice in 2025. To achieve this, many support plans have been proposed.
Specifically, farmers will receive 30% of the cost of purchasing rice seeds for the first four consecutive crops and be eligible for unsecured bank loans of up to 824 USD /production crop, with a loan term of six months.
Farmers can earn, on average, 35% more when cultivating high-quality rice, thanks to the reduced volumes of seed, fertiliser and water required.
