To urgently complete the draft of amended Decree on the rice export business in Vietnam

To urgently complete the draft of amended Decree on the rice export business in Vietnam (Internet image)

Regarding this issue, LawNet would like to answer as follows:

On August 5, 2023, the Prime Minister issued Directive 24/CT-TTg on firmly ensuring national food security and promoting sustainable rice production and export in the current period.

To urgently complete the draft of amended Decree on the rice export business in Vietnam

In order to firmly ensure national food security in all situations while promoting the potential and advantages of rice production and the opportunities of the export market, improving people's income, and avoiding speculation and illegal profiteering that cause instability in the market and damage the reputation of Vietnamese rice, the Prime Minister asked the Minister of Industry and Trade to focus on directing and drastically implementing a number of specific tasks:

- Assume the prime responsibility for, and coordinate with the Minister of Agriculture and Rural Development, the Minister of Foreign Affairs, and relevant agencies in directing, inspecting, and supervising rice export business activities, ensure national food security, and strictly comply with the provisions of the law;

Closely monitor the situation of the world rice market and trade, the movements of producing and exporting countries, and promptly inform the ministries, branches, Vietnam Food Association, rice exporters, and traders to actively regulate rice production, business, and export activities, ensuring suitability and efficiency.

- Urgently complete and submit to the Government a draft Decree amending and supplementing Decree 107/2018/ND-CP on rice export business, in which it is necessary to have strict, specific, and feasible regulations on rice export business conditions, quality of rice, exported commodity rice, traders must associate with rice growers in building material areas, producing and consuming rice, etc., creating a public, transparent, fair, and favorable business environment, ensuring the legitimate interests of rice farmers, and keeping the prestige of Vietnam's rice products.

- Lead and coordinate with heads of relevant agencies to implement programs and trade activities, promote products and brands of Vietnamese rice, and promote rice trade in accordance with the new situation to raise the value of Vietnam's rice products;

Effectively exploit the preferential mechanism of FTAs to which our country is a member in order to diversify, occupy new and potential markets, and improve the competitiveness of Vietnam's rice industry. Guiding and supporting rice traders and exporters to improve their production and business capacity, the ability to negotiate, sign, and execute export contracts, and effectively handle international trade disputes, improving the prestige and brand value of Vietnamese rice in the international market.

To strictly handle cases that raise rice prices unreasonably, causing instability in Vietnamese market

According to Directive 24/CT-TTg, the Prime Minister requests that chairpersons of People's Committees of provinces and centrally run cities direct functional agencies, strengthen the close monitoring of the situation, inspection and supervision of production, circulation, and consumption of rice and rice products in the area, and the maintenance of the minimum circulating reserve level of rice export traders according to regulations. regulations;

At the same time, strictly handle cases of speculation and illegal profiteering, which push rice prices unreasonably high, causing instability in the domestic market and damaging the reputation of Vietnamese rice brands in the international market.

In addition, the Presidents of the People's Committees of the provinces and centrally-run cities also perform the following tasks:

- Actively direct and operate the organization of rice and rice production to ensure the target of productivity, quality, and output as planned. Provide timely information to relevant ministries and branches on the output, types of rice, backlogged goods, expected yield, rice harvest output, and rice according to each type and season of production in the area to serve the management of rice export.

- Actively grasp the situation and new information, promptly respond to situations arising in the locality, and report periodically or unexpectedly at the request of the Government and relevant ministries and branches on the output and types of rice, backlogged commodity rice, and expected yield and harvested output of rice and rice according to each type and production season in the area to promote rice production and export and ensure domestic food security.

More details can be found in Directive 24/CT-TTg, dated August 5, 2023.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE