Ministry of Industry and Trade: The incident of 3,000 tons of chemical compost is the responsibility of the agricultural sector

Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan affirmed the above when asked.

Deputy Minister Nguyen Sinh Nhat Tan (standing) chaired the press conference.

The information was given at the regular press conference of the Ministry of Industry and Trade held on the afternoon of January 7, chaired by Deputy Minister Nguyen Sinh Nhat Tan.

Responsibility of the agricultural sector

Regarding the responsibility of the management agency in the case of discovering nearly 3,000 tons of bean sprouts containing banned substances being sold on the market and in the supermarket system, Deputy Minister Tan said that he has requested the market management agency to closely monitor.

Mr. Tan said that this is the responsibility of the agricultural sector and the food safety sector. In which, the market management force is responsible for monitoring circulation and coordinating with inter-sectoral agencies to review.

"Regarding the recent incident of 3,000 tons of chemical-contaminated beans, the Ministry of Industry and Trade has requested market management agencies to closely monitor and control," Mr. Tan affirmed.

Mr. Tran Thanh Hai - Deputy Director of the Import-Export Department - Photo: C.DUNG

There will be business support when tax is imposed.

To the question of exporting goods to The US market, our country's largest market, as President-elect Donald Trump is expected to have many new trade policies in the coming period, Mr. Tran Thanh Hai - Deputy Director of the Import-Export Department of the Ministry of Industry and Trade - said that this is Vietnam's largest export market.

In 2024, Vietnam will also be the 8th largest partner of the US, accounting for 4.13% of total exports to this market. In terms of trade surplus, Vietnam is behind China and Mexico in the US market.

According to Mr. Hai, Mr. Donald Trump’s goal is to reduce the trade deficit; promote domestic production and attract investment. In the context of global trade liberalization, Mr. Trump uses a classic tool: tariffs. In fact, Mr. Trump has imposed high tariffs on goods from many markets such as China, the EU, etc.

Entering 2025, facing the above developments, Mr. Hai said the Ministry of Industry and Trade has proposed two scenarios.

First of all, with the optimistic scenario when the US maintains the current tax policy on Vietnamese goods, Mr. Hai believes that in the trend of shifting supply chains, Vietnam can completely welcome investment flows to increase export.

In the second scenario, if the impact of tariffs is more severe and tighter, it could impact the global economy , causing Vietnam's exports to be affected to some extent. The Chinese market - a major partner of the US - if facing difficulties due to tariffs will also create pressure in the US and put pressure on our country.

"For this scenario, the Ministry of Industry and Trade will consider reporting to the Government to support production and export enterprises in diversifying markets in the coming time," said Mr. Hai.

Early export tax refund to facilitate rice businesses

Regarding rice exports, Mr. Hai said that in 2024, Vietnam will achieve a record in rice exports. For the whole year, our country exported 9.18 million tons, with a turnover of 5.75 billion USD, the highest figure ever. Rice exports achieved a growth of 12% in volume and 23% in price.

In terms of unit price, in 2024, our country will reach an average export unit price of 627 USD/ton (previously under 600 USD/ton), an increase of 9% over last year.

India has now lifted the restrictions. Rice exports, abundant Indian rice creates pressure on the market, causing rice prices to tend to decrease.

"However, in recent times, Vietnamese enterprises have focused on improving rice quality and building a good rice brand, thereby finding traditional markets such as Indonesia, the Philippines...", Mr. Hai informed.

Therefore, Mr. Hai believes that rice exporting enterprises need capital support from banks. In addition, the Ministry of Finance also needs to refund export tax early to create favorable conditions for rice exporting enterprises.

With the role of state management, in the coming time, the Ministry of Industry and Trade will step up the implementation of rice export promotion solutions to boost the export of this commodity.

Source