Bangladesh is set to bolster its food reserves with the purchase of one lakh tonnes of white rice from Vietnam under a government-to-government agreement.

Vietnam Southern Food Corporation, a major state-run exporter, will supply the shipment at a price of $474.25 per tonne.

The deal was approved today by the cabinet committee on public purchase at a meeting in Dhaka.

The move comes as Bangladesh looks to stabilise its food security amid rising demand and fluctuating production.

The decision to source rice from Vietnam, one of the world's largest exporters of rice, highlights the country's efforts to diversify its import strategy.

A decision was also made at the meeting to approve the sales of essential commodities through trucks of Trading Corporation Bangladesh at Dhaka and Chattogram.