HEAT oil in large saucepan. Add onions and rice; cook and stir 3 min. Add broth; bring to boil. Cover; simmer on low heat 20 min. or until broth is absorbed.
BLEND dressing, parsley and cilantro in blender until smooth. Mix with 1/3 of the rice; spoon onto ovenproof platter. Cover to keep warm.
MIX contents of seasoning packet with half the remaining rice. Stir in vegetables and bacon; spoon next to green rice on platter. Top remaining rice (in skillet) with remaining ingredients; cover with lid. Cook until cheese is melted. Spoon next to other mounds of rice on platter.