Vietnam has so far this year imported 4.13 million tonnes of corn worth US$825 million, according to the Ministry of Agriculture and Rural Development.
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The figures represented
increases of 9% in volume and 11% in value compared to the same period last
year.
Vietnam spends up to US$1.7 billion a year on average to buy corn from
Argentina, Brazil and Thailand.
Corn import is on the rise due to the country’s limited plantation, which
covers just over 1 million hectares, and difficult cultivation conditions that
have led to low productivity, at 4.6 tonnes per hectare on average. Increasing
demand for animal feed also contributes to the cause.
The agricultural body plans to shift between 700,000 and
800,000 hectaresof low-productivity rice paddies to the cultivation of other plants, with corn
making up the lion’s share.
Source: VOV
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