Local Rice or High-Quality One: An Economic Analysis of Krong Bong District of Dak Lak Province, Vietnam

This study compares the economic efficiencies of high-quality versus local rice production to derive implications for rice farming in Krong Bong District, Dak Lak Province, Vietnam. We surveyed 98 rice-producing households in the district, evenly divided between high-quality and local rice producers. Our analysis focused on economic performance, specifically productivity and land use efficiency, and examined factors influencing rice productivity. The findings indicate that high-quality rice is significantly more profitable than local rice. Furthermore, Krong Bong District has substantial potential to enhance rice productivity and economic efficiency. We recommend adopting high-quality rice varieties, increasing investment in the sector, and applying advanced agricultural technologies. Additionally, a strategy for land accumulation to consolidate fragmented rice-growing areas is suggested, along with modernization of irrigation systems to improve overall production efficiency. Keywords: Economic efficiency, high-quality rice, local rice, Vietnam, Rice Productivity, Land Use Efficiency, Rice-Producing Households.