Business

Ministry proposes postponing rice export suspension pending stocks review

The Ministry of Industry and Trade has asked the Prime Minister to postpone the implementation of a decision on suspending rice export.
Ministry proposes postponing rice export suspension pending stocks review ảnh 1A rice field in the Mekong Delta - the rice granary of Vietnam (Photo: VNA)

Hanoi (VNA) – The Ministry of Industry and Trade has asked thePrime Minister to postpone the implementation of a decision on suspending riceexport.

On March 24, the General Department of Vietnam Customs issued an urgent document asking provincial and municipalDepartments of Customs to suspend the export of rice starting from 0:00am ofMarch 24.

In the document,Deputy General Director Mai Xuan Thanh said this is to implement a conclusionby Prime Minister Nguyen Xuan Phuc at a meeting of the cabinet on ensuring foodsecurity in the context of the COVID-19.

Explaining the MoIT’s latest proposal, Deputy Minister Tran Quoc Khanhsaid the ministry had earlier recommended the Government to temporarily haltrice exports due to concerns that the country might face the risk of riceshortage for domestic consumption after Vietnam’s rice exports in the first twomonths of the year surged by 32 percent year-on-year to 930,000 tonnes amid risingdemand for rice and strongly fluctuating prices on the world market under theimpact of the COVID-19 pandemic.

However, following the General Department of VietnamCustoms’ instruction, several localities and firmsreported that there is a gap between statistics on rice stocks of the MoIT and thoseof localities and trading companies, especially regarding the rice output ofthe Winter-Spring crop in the Mekong Delta and the volume of rice kept byfarmers and traders.  

Therefore, the MoIT asked for the postponement of the order on riceexport suspension in order to conduct a review of the rice stocks in thecountry.  

The gap between the ministry’s statistics and those of trading companiesis due to the fact that rice exporters are not required to report their tradingactivities, stocks and reserves under Decree 107/2018/ND-CP.

According to DeputyMinister Khanh, some businesses said riceexports in March would not increase as fast as forecast, even slow down. Anumber of provinces also reported that farmers are keeping large quantity ofrice.

The MoIT’s viewpoint is that food security must be the top priority, thedeputy minister said, adding that the ministry had planned measures to easedifficulties for trading businesses in case rice exports are suspended. One ofthe measures is to work with banks to reduce interest rates on the businesses’loans, he said./. 
VNA
#Ministry of Industry and Trade #Prime Minister #pospone #decision #suspend rice export #General Department of Vietnam Customs #Vietnamplus #Vietnam News Agency
Follow VietnamPlus

Related News

Rice export prices surge amid high demand

Rice export prices surge amid high demand

Prices of rice exports have been surging in recent time due to high demand from some markets such as Malaysia, the Republic of Korea (RoK), the Philippines, and Indonesia, according to the Vietnam Food Association.
Rosy signs show bright prospect for rice export

Rosy signs show bright prospect for rice export

Vietnam is enjoying strong growth in both rice export volume and value, and more export chances are still ahead as some free trade agreements (FTAs) have come into force and consumers around the globe are boosting purchase to ensure food security amid the COVID-19 outbreak.
Rice export enjoys growth despite COVID-19

Rice export enjoys growth despite COVID-19

Rice is one of the rare commodities that is not being seriously affected by the COVID-19 pandemic, with both export volume and value increasing in the first two months of 2020.

See more

A Vinh Long official introduces signature local products to Korean guests. (Photo: VNA)

Vinh Long courts Korean investment in key sectors

Vice Chairman of the provincial People’s Committee Nguyen Truc Son vowed to accompany investors and provide them with optimal conditions, while building a transparent and stable business environment to secure long-term engagement from foreign enterprises, particularly those from Daejeon.

Delegates at the launching ceremony (Photo: VNA)

Digital platform on overseas market development launched

With Vietnam’s network of 64 trade offices overseas, Deputy PM Son noted that connecting them through a modern digital platform could help establish a unified national trade information system that operates efficiently, transparently and with strong forecasting capacity.

The Government’s issuance of Decree No. 72/2026/ND-CP revising preferential import tariffs on several petrol products and raw materials is a timely move to diversify supply sources. (Photo: VNA)

Fuel import tariff cuts strengthen Vietnam’s energy resilience: experts

Economic expert Dinh Trong Thinh said revising fuel import tariffs helps diversify supply sources and reduce reliance on traditional markets, thereby strengthening Vietnam’s ability to cope with potential global supply shocks. Ensuring access to multiple energy sources is also vital for safeguarding national energy security, he added.

Leaders of Dak Lak province inspect IUU fishing prevention and control efforts at Phu Lac fishing port, Hoa Hiep ward. (Photo: daklak.gov.vn)

Dak Lak readies for EC mission on anti-IUU fishing efforts

Dak Lak province is completing preparations for an upcoming European Commission (EC) inspection on efforts to combat illegal, unreported and unregulated (IUU) fishing, with a view to having the fisheries “yellow card” removed.

Vietnamese Ambassador to Argentina Ngo Minh Nguyet speaks at the event. (Photo: VNA)

Vietnam, Argentina promote trade, investment cooperation

On relations with South America, Nguyet noted that in December 2025, Vietnam and the Southern Common Market (MERCOSUR) announced the launch of negotiations for a Preferential Trade Agreement (PTA). She expressed her hope that the agreement will be signed soon, thereby further boosting trade and investment between Vietnam and MERCOSUR member states, including Argentina.

Customers buy petrol at a Petrolimex petrol station in Tran Hung Dao ward, Hung Yen province. (Photo: VNA)

PM orders stronger measures to ensure stable petrol supply

The MoIT was instructed to direct key petrol producers and traders to proactively develop supply plans to guarantee adequate fuel provision for distribution systems, maintain regular sale operations, and sell products at listed prices. It must also closely monitor developments in global and domestic petrol markets and adopt appropriate management measures when necessary.

Farmers in Ca Mau province use combine harvesters to harvest rice. (Photo: VNA)

PM orders coordinated measures to stabilise rice production and markets

The Minister of Agriculture and Environment is tasked with instructing local authorities to closely monitor production developments, improve forecasting capacity, strengthen pest control measures, and proactively respond to adverse weather conditions to protect crops, maintain planned yields and output, and reduce production costs.

A worker refuels a vehicle at a petrol station in Hung Yen province. (Photo: VNA)

Fuel prices slashed as stabilisation fund used

According to a joint decision by the Ministry of Industry and Trade and the Ministry of Finance, the price of RON95-III petrol – the most widely used grade – fell by 3,880 VND to 25,240 VND (0.95 USD) per litre.

Customers purchase petrol at Station No. 03 (Petrolimex Hung Yen) on Quang Trung Street, Tran Hung Dao ward, Hung Yen province. (Photo: VNA)

Hung Yen takes measures to curb speculation, stabilise fuel market

Petrolimex Hung Yen maintains regular reserves of about 5,500 cubic metres at directly managed outlets and roughly 2,000 cubic metres at franchised stations. The provincial Department of Industry and Trade has ordered closer monitoring of supply and demand and retail prices to detect shortages or unjustified price hikes.

The automobile assembly line of the Honda Phuc Yen factory in Phu Tho province (Photo: VNA)

Honda Vietnam sees decline in motorcycle, car sales

Sales of both motorcycles and automobiles by Honda Vietnam declined in February, dropping 19.6% and 41.8% year-on-year, respectively, according to the company’s latest business results released on March 11.

Team 2 of the Hanoi Market Surveillance Sub-department inspects operations of a Petrolimex petrol station on Tran Quang Khai street (Photo: VNA)

Hanoi maintains stable supply of petrol, LPG

The Hanoi Market Surveillance Sub-department said petrol and LPG trading activities across the city remain stable, with supply largely meeting demand despite volatility in global energy prices.

A Qatar Airways aircraft is seen at Noi Bai International Airport in Hanoi. (Photo: VNA)

Qatar Airways cancels 13 more flights amid Middle East conflicts

Statistics show that airspace across the Middle East has yet to return to normal operations, with multiple FIRs still imposing restrictions or partial closures. As a result, international flight operations through the region continue to face disruptions and route adjustments.