Rice cultivation causes the emission of CH4 consequenced to the global warming. Reduction of irrigation in rice cultivation is not only saving water resources but also reducing greenhouse gases emission. The objectives of this study was to determine impacts of water management on the emission of CH4 and rice yield. Experiment was conducted in field conditions in An Giang province, Viet Nam with three treatments as continuous flooding (CF), An Giang Alternative Wetting and Drying (AAWD) which is mostly applied by farmers in An Giang province-Viet Nam, and Alternate Wetting and Drying (AWD). Water levels in the field +5 cm, ± 5 cm and -15 cm were controlled higher, fluctuated and lower than soil surface, respectively for CF, AAWD and AWD. CH4 emission determined every week during 13 weeks of the experiment. Rice yield was determined in 1 m2 at the end of the experiment. The results showed that AWD and AAWD, respectively decreased 78.7 % (p < 0.05) and 6.8 % (p > 0.05) CH4 emission compared to the CF 11.9 mg CH4/m2/h. The rice yield of CF was 6.32 ton/ha lower than AAWD 7.8 ton/ha (p < 0.05) but not different with AWD 6.67 ton/ha. AAWD had higher rice yield but same emission than the CF. Farmers in An Giang province should consider application of AWD in rice cultivation in term of saving water and reduction of CH4 emission.