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Home >> Business
UPDATED: 13:03, March 01, 2006
Vietnam places rice export cap of 5 mln tons this year
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The Vietnamese government has decided to export at most 5 million tons of rice this year, a move to ensure the country's food security, local newspaper Saigon Liberation reported Wednesday.

Vietnam sold overseas 580,000 tons of rice valued at 158 million U.S. dollars in the first two months of this year, posting respective year-on-year rises of 2.9 percent and 3.8 percent.

The country, which shipped abroad more than 5.2 million tons of rice worth nearly 1.4 billion dollars in 2005, has set targets of producing 38-39 million tons of paddy rice in 2006, said the Vietnam Food Association.

Source: Xinhua

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