return icon Vietnamnet.vn

182 rice traders certified as eligible for rice exports

 The Ministry of Industry and Trade has granted 47 certificates of eligibility to rice export businesses over the past year, lifting the number of rice exporters to 182 traders.

 

{keywords}

Decree 107/2018/ND-CP on conditions for rice exports has removed barriers for rice exporting businesses. — Photo baotintuc.vn

 

 

The move is part of the Government’s efforts to create favourable conditions for rice traders, improve the competitiveness of Vietnamese rice traders and develop the rice industry sustainably, according to the ministry’s Import-Export Department.

The department recently reported the assessment of the rice industry after more than one year of implementing a new decree which took effect in October, 2018 on conditions for rice exports.

The decree reduced barriers for rice exporting businesses, including by removing requirements such as having rice warehouses and milling and processing establishments; and allowing traders to rent storage, grinding, milling and processing facilities.

Viet Nam’s rice exporters have contributed to bringing Viet Nam’s high quality rice to more than 150 countries and territories around the world, the department said.

In recent years, many rice importing countries have made profound changes in policies for rice products, focusing on consumers. In bidding for rice exports under the government-to-private sector (G2P), the Vietnamese Ministry of Industry and Trade has announced information about bidding to traders through mass media and the Viet Nam Food Association.

All rice exporting businesses can participate in bidding, the department said.

In addition, the ministry is providing information of supply-demand in both domestic and global markets, facilitating the bidding decision-making process of traders, ensuring export efficiency and the prestige of Vietnamese rice exports.

For rice trading promotion, the ministry has advocated diversifying and innovating trade promotion activities, focusing on markets based on specific rice products, helping Vietnamese rice traders find and build relationships with reputable foreign partners, and ensuring stable and long-term business.

According to the department, restructuring rice production and other agricultural products needs to follow market signals. The strengthening of the value chain between production, consumption and export has also helped stabilise consumption, increasing farmers' income.

As a result, despite difficulties in Asia in 2019, Vietnamese rice has boosted exports to markets in Africa, Europe and the Americas.

However, Viet Nam’s rice export value declined in 2019, with nearly 6.3 million tonnes worth US$2.76 billion being exported, up 3 per cent in volume but down 10 per cent in value compared to 2018. The main reason was the falling price in global markets.

The rice price in November fell 12.6 per cent year-on-year, averaging $439.3 per tonne. — VNS

Vietnam’s rice sector forecast to face difficulties in 2020

Vietnam’s rice sector forecast to face difficulties in 2020

The Philippines and China, Vietnam’s two major rice export markets, may reduce rice imports in 2020.

Vietnamese rice crowned world’s best title

Vietnamese rice crowned world’s best title

Vietnam’s ST24 rice variety was recognised as the World's Best Rice this year.

MORE NEWS

EuroCham Chairman praises strong and forward-looking government

Vietnam’s recovery has been ensured by strong and forward-looking government support which helped to bring in more high-profile FDI projects

Many firms suspend raising capital from stock market

Many enterprises have either stopped mobilizing capital or changed their capital-raising plans on the stock market amid existing uncertainties and disadvantages.

HCM City runs out of Covid-19 vaccines

HCM City has run out of Covid-19 vaccines over the past 10 days, said Nguyen Hong Tam, the deputy director of the municipal Centre for Disease Control and Prevention.

VIETNAM NEWS HEADLINES SEPTEMBER 30

Chinese police hand over wanted man to Lao Cai authorities

Foreign-invested enterprises face up to procedural barriers

Administrative procedures such as a prolonged timeline for obtaining business licences, as well as overlaps in the legal framework, are continuing to affect the expansion plans of many foreign-invested enterprises in Vietnam.

Reisereporter.de: Vietnam among ten attractive destinations to escape Europe’s winter

With its year-round warm tropical climate, breathtakingly beautiful scenery, and exciting culture, Vietnam is gradually becoming an attractive destination for German tourists.

VIETNAM BUSINESS NEWS SEPTEMBER 30

Real estate sector faces debt default risk

Shan Tuyet tea, valuable timber plants named ‘Vietnam Heritage Trees’

More than 1,300 Shan Tuyet tea plants in Ha Giang province and a group of valuable timber trees in Dak Nong province have been recognised as “Vietnam Heritage Trees”.

Fast fashion brands scale up for growth

Surviving and developing in a competitive fast fashion market remains a challenge for many brands, especially for newcomers.

Arguments arise as properties required to be traded on exchange

Controversy has arisen over the Ministry of Construction’s draft of the amended law on real estate trading as it requires real estate products to be traded on an official exchange.

Boeing accelerates cooperation with Vietnamese suppliers

Boeing, the world’s leading aerospace company based in the US, are accelerating cooperation with Vietnamese suppliers and universities to provide a foundation for long-term industrial growth.

Expecting coffee exports to hit a record $4 billion

Vietnam Coffee Cocoa Association (Vicofa) forecasted that if the export price of coffee remained at a high level, as in the first half of the year

Major investors worry as stock market weakens

The stock market boards have been covered with red amid investors’ rising caution. There are few buyers, while selling pressure still exists. Foreign investors’ behavior has affected the market.

Vietnam sees great potential in ASEAN halal market

Despite opportunities available in the ASEAN halal food market, Vietnamese exporters have to date exported only a small amount of halal products to some countries in the region.

Vietnam is becoming a beacon in the region: The Brussels Times

The Brussels Times of Belgium has run an article highlighting that Vietnam is becoming a beacon in the region with the capacity to control inflation and maintain economic growth at a high level despite turbulent international affairs.
back_to_top