HA NOI — Deputy Prime Minister Hoang Trung Hai yesterday required relevant bodies to continue buying rice from farmers and to speed up rice exports in a move to minimise difficulties for farmers.
At an inter-ministerial meeting, the Deputy PM also said management of rice export prices should be flexible, and said he required the Ministry of Industry and Trade to create favourable conditions for rice exporters.
The State Bank of Viet Nam, meanwhile, was instructed to apply a flexible credit policy to rice exporters to ease their current difficulties.
Rice farmers have been reeling as rice prices fall, and unsold stock mounts, however, slight price increases in the Cuu Long (Mekong) Delta region have given farmers some breathing room.
Food companies are now buying rice at VND3,800-4,500 a kg, compared to VND3,200-3,500 per kg a few days earlier.
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