A new decree being drafted by the agriculture ministry would make rice farming land far more expensive for those wanting to use it for other purposes, a senior official says. The decree is being prepared under a Government request for measures to protect the country’s rice farming area and ensure food security in coming years. Nguyen Tri Ngoc, director of the ministry’s Cultivation Department, said the draft decree says that investors (project developers) who want to use rice land for production and commercial purposes would have to pay much higher costs for compensation and land clearance. “For areas that are especially suitable for farming rice and have convenient infrastructure, compensation for using it for other purposes would be double that of current residential land prices,” Ngoc said. Read More
