Vietnam's prime minister has approved another purchase of more than 57,500 tons of rice to increase the national food reserves, the government said in a report Tuesday.
The purchase, funded by the state budget, began Monday, the report said. Dung had previously ordered the Finance Ministry to purchase 50,000 tons of rice for the state reserves in February.
The Vietnam Food Association, in an attempt to stabilize prices, is trying to stockpile 1 million tons of rice from the winter-spring crop, which has just ended.
According to the association, Vietnam's rice exports as of Thursday last week were recorded at US$786 million.