National Reserve Development Strategy passed
VGP – Viet Nam’s total national reserves will account for 0.8-1% GDP by 2015 and 1.5% by 2020, according to the newly-approved National Reserve Development Strategy.
January 02, 2013 6:24 PM GMT+7
The strategy stipulates five categories of commodities for reserve, which include those for economic and social security, natural disaster response, security and national defense.
Food storage will be kept at an amount equivalent to 500,000 tons of rice in 2015.
By 2020, petrol reserve will increase to 10 days usage (equal to around 500,000 cubic meters of petroleum and 700 tons of crude oil).
Under the strategy, 10,000 tons of rice seeds, 1,500 tons of maize varieties, and 130 tons of vegetable varieties will be put aside each year,./.
By Khanh Phuong
