Prime Minister directs to ensure low-interest capital for purchasing winter-spring rice

In the first months of 2024, the complicated developments in the regional and world rice markets have affected the psychology of some businesses and farmers. According to the assessment of the Ministry of Agriculture and Rural Development and a number of relevant agencies, the rice export situation is still favorable, the demand for rice of countries in the region and the world remains high due to the impact of the El Nino phenomenon and armed conflicts.

Thủ tướng chỉ đạo đảm bảo vốn lãi suất thấp thu mua lúa gạo vụ đông xuân- Ảnh 1. — The Prime Minister directed relevant agencies to ensure capital for businesses to purchase winter-spring rice at low interest rates.

The Prime Minister requested the Minister of Industry and Trade to take the lead in promoting the implementation of tasks and solutions to implement the "Strategy for developing Vietnam's rice export market to 2030" and the tasks the Prime Minister has directed in Directives and Official Dispatches on promoting rice production and export; take the lead and coordinate with the Minister of Agriculture and Rural Development, the Minister of Foreign Affairs and relevant agencies to direct, inspect and supervise rice export business activities, ensuring compliance with legal regulations; closely monitor the market situation, world rice trade, movements of producing and exporting countries, promptly inform ministries, branches, the Vietnam Food Association, and rice export traders to proactively regulate rice production, business and export activities, ensuring suitability and efficiency, contributing to ensuring national food security.

The Minister of Finance and the Governor of the State Bank of Vietnam shall preside over and coordinate with relevant agencies to study and handle difficulties related to VAT refunds according to their authority and legal provisions; preside over and coordinate with the Minister of Agriculture and Rural Development and the Minister of Industry and Trade to calculate and have a plan to purchase rice reserves that is appropriate, effective and in accordance with regulations. The Governor of the State Bank of Vietnam shall direct commercial banks to create favorable conditions for people and businesses to access credit sources with preferential interest rates, meeting credit needs for rice purchasing and rice export, especially the purchase of commercial rice in the 2023-2024 Winter-Spring crop in the provinces of the Mekong Delta. Study and propose that competent authorities consider issuing a Credit Program to support the linkage of production, processing and consumption of high-quality and low-emission rice products in the Mekong Delta between cooperatives and enterprises in accordance with legal provisions.

Chairmen of People's Committees of provinces and centrally run cities shall resolutely direct the effective implementation of the Project "Sustainable development of one million hectares of high-quality and low-emission rice cultivation associated with green growth in the Mekong Delta by 2030"; organize rice production in each crop season; direct local authorities to monitor and grasp information and developments in the purchase of rice in the area to promptly have appropriate solutions and provide them to relevant ministries and branches to serve the management of rice production and export nationwide.

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