The global market is complicated

Information from the Import-Export Department - Ministry of Industry and Trade, over the past time, the situation of global food trade has been complicated and unpredictable due to the impact of many factors such as the ban on rice export in some countries (India) India, UAE, Russia); El Nino phenomenon negatively affects food and grain production in many areas; Geopolitical developments are still complicated (Russia announced its withdrawal from the Black Sea grain agreement)... This has had a strong impact on the global rice production supply, raising concerns about security issues. world food as well as affecting the economic recovery trend of many countries when the inflation situation has not improved.

The Ministry of Industry and Trade deploys a series of solutions to control rice exports

According to the Ministry of Agriculture and Rural Development, in 2023, the whole country planted 7.1 million hectares, the average yield reached 6.07 tons/ha, the output reached over 43.1 million tons, an increase of 452,000 tons compared to the previous year. with the above expected rice output, in addition to ensuring domestic food security, processing, breeding and breeding, Vietnam can export over 7.5 million tons of rice in 2023.

In the first 7 months of 2023, the whole country exported 4.83 million tons, leaving about 2.67 million tons for export in the remaining 5 months of 2023.

As the unit responsible for state management of rice trade, in the context of unpredictable developments of the global market, and at the same time, implementing the direction of the Prime Minister at Official Dispatch No. 610/CD-TTg dated on July 3, 2023 on strengthening the implementation of tasks and solutions to promote rice production and export and Directive No. 24/CT-TTg dated August 5, 2023 of the Prime Minister on ensuring sustainable To ensure national food security and promote sustainable rice production and export in the current period, the Ministry of Industry and Trade has sent a written request to the Vietnam Food Association and traders to strictly comply with the provisions of this Decree. Decree 107/2018/ND-CP.

In which, regularly maintaining the minimum circulating reserve level, ensuring the balance of export and domestic consumption, contributing to stabilizing the price of paddy and rice in the domestic market and reporting the situation of paddy and rice volume. inventory, contract signing and export contract performance according to current regulations. At the same time, actively follow the situation of the global trade market to organize appropriate production plans, transaction negotiations, and ensure export efficiency.

In order to work closely with ministries, branches, localities, the Food Association and traders, the Ministry of Industry and Trade has presided over and coordinated with the Ministry of Agriculture and Rural Development and Can Tho City to organize the event. Conference to implement rice export management on August 4. On that basis, jointly agreed to drastically deploy a group of solutions to ensure supply, stabilize domestic food prices and create favorable conditions and limit risks for rice export business in the last months of the year. .

In order to balance supply and demand, stabilize prices, and ensure food security in the country, the Ministry of Industry and Trade has sent a written request to the People's Committees of localities to fulfill the responsibilities specified in Decree No. 107/2018/ND-CP. .

Accordingly, directing the Department of Industry and Trade to urge businesses participating in the Market Stabilization Program in the area to have a plan on the source of paddy and rice products to ensure supply for the market from now until the end of the year. Directing rice export enterprises in the area to maintain the amount of rice and rice in reserve to stabilize the market according to regulations to be ready to supply to the market when necessary.

In addition, direct the market management force to strengthen coordination with local authorities to closely monitor the situation, inspect and supervise production, circulation and consumption of rice and rice. in the area and maintaining the minimum circulating reserve level of rice export traders according to regulations; strictly handle cases of speculation, illegal profiteering, pushing rice prices up unreasonably, causing instability in the domestic market.

Firmly ensure national food security and promote sustainable rice production and export

To continue to carry out the tasks assigned in Official Dispatch No. 610/CD-TTg and Directive No. 24/CT-TTg of the Prime Minister on firmly ensuring national food security and promoting national food security. Sustainable rice production and export in the current period, the Minister of Industry and Trade issued Directive No. 07/CT-BCT dated August 15, 2023 on strengthening market information and trade promotion. , developing rice export markets and stabilizing the domestic market in the current period. Accordingly, assigning tasks to functional units under the Ministry of Industry and Trade, local Departments of Industry and Trade, Vietnam Food Association and traders to focus on deploying solution groups.

Specifically, in terms of institutional improvement, urgently review and finalize the Government's Decree amending and supplementing Decree No. 107/2018/ND-CP on export business to complete the legal corridor for the government. rice export processing, creating a transparent, fair and favorable business environment for rice exporters.

For market search, information and development, continue to closely monitor the situation of the world rice trade market, the movements of major producing and exporting countries and promptly inform the ministries, industry, Vietnam Food Association, rice export traders to take the initiative and regulate rice production, business and export activities, ensuring suitability and efficiency.

At the same time, assume the prime responsibility for, and coordinate with relevant agencies in, implementing programs, trade activities, product promotion, and rice trade promotion in accordance with the new situation in order to improve the value of rice products of the country. Vietnam. Coordinate with the Ministry of Foreign Affairs and the Ministry of Agriculture and Rural Development to well exploit the preferential mechanisms of FTAs to which our country is a member to actively negotiate with partners in order to diversify export markets, occupy explore new and potential markets and improve the competitiveness of Vietnam's rice industry.

In addition, guiding and supporting rice traders and exporters to improve their production and business capacity; ability to negotiate, sign and perform export contracts and effectively handle international commercial disputes.

At the same time, continue to promote trade promotion activities, flexibly and effectively combine traditional and online trade forms to promote cooperation on rice trade with traditional markets. (such as the Philippines, Indonesia, Africa, China) and exploiting niche markets with fragrant rice and high-quality rice that we have penetrated in recent years (such as EU, Korea, China) United States, North America, etc.).

The Ministry of Industry and Trade is coordinating with the Vietnam Food Association to strengthen propaganda to raise the awareness of traders about the provisions of the multilateral and bilateral cooperation mechanisms that our country has signed to make the most of it. tariff quotas for Vietnam.

For inspection and supervision, the Ministry of Industry and Trade has been and will continue to assume the prime responsibility for, and coordinate with ministries, branches, localities and the Vietnam Food Association in inspecting the implementation of the law on business. rice export business according to the provisions of Decree No. 107/2018/ND-CP dated August 15, 2018 of the Government on rice export business.

The Ministry of Industry and Trade also directed the local market management force to strengthen coordination with local authorities to closely monitor the situation of rice prices, inspect and control business establishments and focal points. wholesale, retail, markets, supermarkets, trade centers, warehouses to control supply, selling prices, prevent violations of price listing, speculation, hoarding, illegal pricing for rice products. Strengthen inspection and prevent the transportation and trading of rice of unknown origin. Strictly handle according to law provisions for violating organizations and individuals.

Currently, the Ministry of Industry and Trade is continuing to closely coordinate with ministries, branches and localities to closely monitor the market situation, promptly grasp difficulties and problems of rice production and export enterprises to coordinate to propose solutions to remove difficulties and facilitate rice export activities from now until the end of the year.