The Mekong Delta city of Can Tho recently sold 14,000 tonnes of rice abroad, bringing its total export of the grain so far this year to 193,000 tonnes, up 5.7 percent over the same period last year and earning of 99.5 million USD.
The increase is attributed to efforts by the city’s rice exporting businesses in seeking new markets in Asia and Africa .
They have also signed contracts to sell 70,000 tonnes of the food to mainland China and Hong Kong (China) .
Municipal authorities take rice as a key foreign currency earner which generates jobs and ensures a steady income for farmers.
In addition to applying the large-scale paddy field model across an area of 20,000 hectares during the 2013-2014 winter-spring crop, they will encourage businesses to sign purchasing contracts with farmers, ensuring sufficient rice for export.
The city’s businesses are aiming to ship 1 million tonnes of rice abroad in 2014, up 140,000 tonnes from last year, for over 516 million USD.
In 2013, they raked in nearly 500 million USD from rice export, accounting for 30 percent of the city’s total export value.