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Vietnam: The Ministry of Industry and Trade aims to complete the legal corridor for rice export activities

Published May 28, 2024

Tridge summary

The Ministry of Industry and Trade in Vietnam is taking steps to support the rice industry by implementing trade activities, promoting Vietnamese Rice brands, and diversifying markets. This includes supporting rice exporters, monitoring market moves, updating policies, and improving negotiation and contract implementation capacities of the Vietnam Food Association and rice export traders. The Ministry will also monitor supply and demand, stabilize prices, and ensure domestic food security by directing localities to prepare supply plans, monitoring the circulation and consumption of rice, and enforcing regulations to maintain balance in the market and prevent speculation and illegal profiteering.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Regarding export support, the Ministry continues to implement trade activities, promote products, the Vietnamese Rice brand, and trade promotion activities to effectively exploit advantages from free trade agreements. (FTA) aims to diversify, dominate new, potential markets and improve competitiveness for Vietnam's rice industry. Direct the system of Vietnamese Trade Offices abroad, trade promotion offices, and Vietnamese product introduction centers to support rice exporters in establishing direct distribution channels; Deploy activities to promote Vietnamese rice, especially high quality rice with high added value to penetrate demanding and niche markets. Direct the Vietnam Trade Office system in countries to monitor and update policies and moves of rice producing and exporting countries; Timely inform ministries, branches, Vietnam Food Association, and rice export traders to proactively regulate production and business activities and ensure efficiency. Guide the Vietnam Food ...
Source: Vietstock
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