Early completion of legal corridor for rice export

DNVN - To ensure national food security and promote sustainable rice production and export, the Ministry of Industry and Trade will continue to implement many solutions, including soon issuing a Decree amending and supplementing Decree No. 107 of the Government on export business to complete the legal framework for rice export activities...

According to preliminary statistics from the General Department of Customs, by the end of the first quarter of 2024, rice exports reached 2.18 million tons, up 17.8% in volume; value reached 1.43 billion USD, up 45.6% in value. The average export price was 653.9 USD/ton, up 23.6% in price compared to the first quarter of last year.

The main markets for rice exports in the first quarter of 2024 include: the Philippines reaching over 1.01 million tons, up 13.2% over the same period in 2023; Indonesia reaching over 445 thousand tons, up 199.7%; Malaysia reaching nearly 99 thousand tons, up 28.8%.

In the coming time, to firmly ensure national food security and promote sustainable rice production and export, the Ministry of Industry and Trade will continue to focus on implementing a number of solutions.

Regarding institutional improvement, the Ministry will soon issue a Decree amending and supplementing Decree No. 107 of the Government on export business to perfect the legal framework for rice export activities, creating a transparent, fair and favorable business environment for rice exporters.

The Ministry of Industry and Trade will continue to focus on implementing a number of solutions to firmly ensure national food security and promote sustainable rice production and export.

Regarding export support, implementing trade activities, promoting Vietnamese rice products and brands, and trade promotion activities to effectively exploit advantages from FTA agreements to diversify, capture new and potential markets and enhance competitiveness for the Vietnamese rice industry.

Direct the Vietnamese Trade Office system abroad, trade promotion offices, and Vietnamese product introduction centers to support rice exporters in establishing direct distribution channels. Implement activities to promote Vietnamese rice, especially high-quality rice with high added value, to penetrate demanding and niche markets.

Direct the Vietnam Trade Office system in countries to monitor and update policies and actions of rice producing and exporting countries. Timely inform ministries, branches, Vietnam Food Association, and rice export traders to proactively regulate production and business activities, ensuring efficiency.

Guide VFA and rice export traders to improve their capacity to negotiate, sign and execute export contracts, update the rice export situation and support traders to handle problems when necessary.

Regarding the balance of supply and demand, price stabilization, and ensuring domestic food security, the Ministry will closely monitor the market situation, proactively direct localities to have plans to prepare supply sources, ensure supply and demand of rice, promptly meet people's needs, contribute to stabilizing rice prices in particular and food prices in general, and ensure national food security.

Urge VFA and rice export traders to strictly implement the provisions of Decree No. 107, including periodic reporting on the amount of rice in stock, the status of signing and implementing rice export contracts; the status of purchasing rice to ensure the balance of export and domestic consumption; and maintain the circulating reserve level according to regulations.

In addition, direct market management forces to strengthen coordination with local authorities to closely monitor, inspect and supervise the circulation and consumption of rice in the area and the maintenance of minimum circulation reserves of rice export traders according to regulations; strictly handle cases of speculation, illegal profiteering, causing instability in the domestic market.

Thu An

Source: https://doanhnghiepvn.vn/kinh-te/chinh-sach/som-hoan-thien-hanh-lang-phap-ly-cho-xuat-khau-gao/20240526061148294