Prime Minister Pham Minh Chinh signed Official Dispatch No. 21/CD-TTg dated March 4, 2025 on management to ensure balance between rice supply and demand in the face of developments in the world and domestic markets.
Telegrams sent to the Ministers of Agriculture and Environment, Industry and Trade, Foreign Affairs, Finance; Governor of the State Bank of Vietnam; Chairmen of People's Committees of provinces and centrally run cities; Chairman of the Vietnam Food Association; Chairman of the Vietnam Rice Industry Association; Chairman and General Director of the Northern Food Corporation and the Southern Food Corporation.
The telegram stated: In recent years, rice production and export have always maintained stable development and achieved remarkable results. However, in the first months of 2025, global rice trade has been complicated, and world supply has become surplus. Import demand from countries around the world has decreased, with no signs of recovery in the short term, and major import markets are cautious in stockpiling and purchasing rice. Due to the impact of world supply and demand, Vietnam's rice exports in the first two months of 2025 have tended to decline due to continuous declines in export prices. Domestically, the provinces of the Mekong Delta are currently harvesting the winter-spring rice crop, so there is a phenomenon of rice purchasing prices decreasing significantly compared to the same period in 2024.
To ensure the balanced management of domestic rice supply and demand and promote sustainable rice production, trading and export activities, improve efficiency, increase farmers' income, seize export opportunities and ensure the harmony of interests between producers and enterprises, the Prime Minister requests Ministers, Heads of ministerial-level agencies, relevant agencies, Chairmen of People's Committees of provinces and centrally-run cities, Associations and rice trading and exporting enterprises to closely monitor and promptly update policy changes and market developments of exporting and importing countries to proactively organize active, effective and synchronous implementation of solutions, focus on directing and urgently performing the following tasks:
*Minister of Agriculture and Environment: Direct localities in the Mekong Delta to ensure production output and area according to the set plan, focusing on production and harvesting of winter-spring rice on time; closely monitor the crop calendar and drought and salinity situation to limit impacts on rice production;
Continue to focus on directing the effective implementation of the Project "Sustainable development of one million hectares of high-quality and low-emission rice associated with green growth in the Mekong Delta by 2030", especially promoting the replication of emission-reducing rice production processes to reduce production costs and increase selling prices for farmers;
Coordinate with ministries, branches and localities to closely monitor developments in the world rice market, especially policy adjustments in major rice exporting countries such as India, Thailand, etc.; grasp the demand for rice imports in markets with much room for growth such as the United States, Japan, and Africa; provide and update information to localities and businesses to promptly adjust production and export plans in accordance with market developments;
In the long term, focus on research, improve production structure and product quality, focus on high-quality and high-value rice varieties, specialty rice varieties; apply modern technology, invest in research and breeding, develop rice varieties that are drought-resistant, saline-resistant, and resistant to pests and diseases to cope with climate change and natural disasters; increase deep processing to create valuable products, specialty and organic products; continue to advise the Government to approve and implement the Project "Developing a logistics system to improve the quality and competitiveness of Vietnamese agricultural products by 2030" to improve the capacity for modern storage, reserve and preservation, contributing to ensuring the quality of rice for export at times when the world market has high import demand and prices; Research, advise on building and developing sustainable and environmentally friendly rice brands;
Coordinate with mass media agencies to do a good job of information and propaganda so that farmers, the business community, and society have full information, understand the situation, production plans, and consumption markets.
* Minister of Industry and Trade: continue to preside over and promote the implementation of tasks and solutions to implement the "Strategy for developing Vietnam's rice export market to 2030" and the tasks directed by the Prime Minister in Directives and Official Dispatches on promoting rice production and export; Preside over and coordinate with the Ministry of Agriculture and Environment and the People's Committees of localities to establish an interdisciplinary inspection team to inspect the implementation of rice purchasing and import and export, contributing to a healthy market, especially the compulsory reserve capacity as prescribed in Decree No. 107/2018/ND-CP;
Take the lead in strengthening trade promotion, boosting exports in large markets, potential markets, with much room for Vietnamese product segments, such as the United States, EU, Japan, China (high-quality rice, high-value specialty fragrant rice such as ST24, ST25), the Middle East, Africa, ASEAN (white rice) through free trade agreements or signed bilateral agreements to diversify markets, gradually reduce dependence on traditional importing countries; provide information and guidance to businesses on export focus times that are beneficial in terms of price and competitiveness in the international market; Strengthen solutions to promote domestic rice consumption; pay attention to national-level trade promotion programs and activities on training, product development coaching, packaging design to diversify rice products for domestic consumption and export;
Summarize, evaluate and review, propose the Government to amend Decree No. 107/2018/ND-CP and Decree No. 01/2025/ND-CP comprehensively in the second quarter of 2025, including studying and proposing to supplement criteria and conditions for rice trading, exporting and importing enterprises, in the direction of prioritizing and offering incentives to units with production and product consumption chains with synchronous and modern warehouse and logistics systems to overcome the situation of traders buying and forcing farmers to lower prices. Propose to develop criteria to assess the level of trust for rice exporting and importing enterprises towards reducing intermediaries and information transparency.
* Governor of the State Bank of Vietnam: Directing research and calculation to expand the quota and loan term for capable enterprises with warehouse systems to purchase rice for temporary storage during periods of market fluctuations and low purchase prices; Directing commercial banks to create favorable conditions for people and enterprises to access credit capital with preferential interest rates, meeting credit needs for rice purchase and export, especially the purchase of winter-spring rice in the Mekong Delta provinces; supporting farmers to re-crop; simplifying credit approval procedures, including conditions on export contracts, rice purchase contracts, collateral, etc.
*Minister of Finance: direct and facilitate early export tax refunds to facilitate rice trading and exporting enterprises; Create a quick and convenient customs clearance mechanism for exporting enterprises. Strengthen inspection of rice import and export activities to create transparency and fairness for the market; Proactively develop a national rice reserve purchase plan for 2025 to promptly implement when there are adverse fluctuations in rice prices.
*Minister of Foreign Affairs: Strengthen the grasp and dissemination of information on market demand, tastes and regulations as well as economic diplomacy policies to inform associations and enterprises producing and trading rice products; Preside over the research of countries' policies on imported and exported food and agricultural products; advise on solutions and economic diplomacy activities to enhance and facilitate Vietnam's rice exports to international markets.
*Chairmen of the People's Committees of provinces and centrally-run cities: resolutely direct the effective implementation of the Project "Sustainable development of one million hectares of high-quality and low-emission rice associated with green growth in the Mekong Delta by 2030"; organize rice production to ensure output and area according to the approved plan; closely monitor the crop calendar for each crop season; direct local authorities to monitor and grasp information and developments in rice purchasing to promptly have solutions and provide timely information to relevant ministries and branches to serve production and export management. Propagate and mobilize farmers to continue producing the Summer-Autumn crop according to plan, to ensure stable output according to plan;
Strengthen market management; strengthen inspection, examination and supervision of the buying and selling situation of key enterprises and traders, avoid taking advantage of the situation to force down prices and profiteering; unhealthy competition between enterprises; Research and organize production according to business orders and market demand; on the basis of the general plan of the Ministry and branches in production management, localities proactively adjust the crop structure according to local characteristics to ensure favorable conditions for production and purchasing, processing and exporting activities; Have solutions to support enterprises in purchasing and transporting rice to their warehouses; Effectively use capital sources to protect and develop rice-growing land according to the provisions of Decree No. 112/2024/ND-CP, especially support to improve irrigation systems, intra-field traffic, and expand production areas.
*Chairman of Vietnam Food Association, Chairman of Vietnam Rice Industry Association, Chairman and General Director of Northern Food Corporation, Southern Food Corporation and rice exporting enterprises: proactively seek markets, especially traditional partners with the Associations; strengthen production, processing and consumption chains to overcome the situation of price pressure for farmers; Actively purchase and temporarily store rice for farmers and register and provide information on the ability to temporarily store with the Provincial People's Committee, report to the Ministry of Agriculture and Environment to serve the direction of production and consumption;
Strengthen updating, monitoring, forecasting, and providing information on developments in domestic and international rice production and markets; encourage enterprises of the Association to actively participate in implementing the Project "Sustainable development of one million hectares of high-quality and low-emission rice associated with green growth in the Mekong Delta by 2030"; mobilize and encourage members to participate in implementing production, supply, and consumption chains of rice and tasks and solutions for developing agricultural logistics systems associated with raw material areas.
The Prime Minister assigned Deputy Prime Minister Tran Hong Ha to directly monitor and direct the implementation of this Official Dispatch; the Government Office monitors and urges the implementation of this Official Dispatch according to its assigned functions and tasks.
According to VNA
Source: https://doanhnghiepvn.vn/kinh-te/thu-tuong-chi-dao-khan-truong-thuc-hien-cac-giai-phap-dam-bao-can-doi-cung-cau-lua-gao/20250305083311309
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