RICE NEWS, VIETNAM PRODUCTS NEWS

Prime Minister Orders Strengthened Measures to Boost Rice Production, Export and Market Stability

Posted on by content.vinahugo
19
Oct

1. Context & Dispatch Details

On 9 September 2025, Prime Minister Pham Minh Chinh signed Official Dispatch No. 160/CD-TTg regarding the reinforcement of tasks and measures to promote rice production, export and stabilise the rice market.
The dispatch was sent to: Minister of Industry and Trade, Minister of Agriculture & Environment, Minister of Finance, Minister of Foreign Affairs; Governor of the State Bank of Vietnam; Chairmen of provincial People’s Committees; Chairman of the Vietnam Food Association; Chairman of the Vietnam Rice Industry Association.

2. Key Objectives

  • Address the complex, unpredictable global situation that has negatively impacted food production and trade, including rice.

  • Contribute to national food security, stabilise the domestic market and enhance export value.

3. Core Solutions

  • Diversification of rice export markets: Maintain traditional markets and develop new ones linked to FTAs.

  • Develop specialised cultivation zones and high-quality rice varieties: Improve policies, invest in infrastructure, apply technology.

  • Support credit & remove business obstacles: Simplify customs, accelerate VAT refunds, increase commercial bank credit for rice enterprises.

  • Market oversight and export management: Monitor exporters, solve export difficulties through coordination among ministries and associations.

4. Roles of Stakeholders

  • Ministry of Industry and Trade: Lead and coordinate rice export promotion and market diversification.

  • Ministry of Agriculture & Environment: Lead development of specialised rice zones, high-quality varieties and brand “Vietnam Rice”.

  • Ministry of Finance & State Bank: Provide financial support and streamline export-related procedures.

  • Provincial authorities: Plan rice production, support farmer inputs, execute directives.

  • Vietnam Food Association & Vietnam Rice Industry Association: Disseminate market information, assist exporters, promote rice brand.

5. Expectations & Challenges

  • Expectations: Increase export value of Vietnamese rice, strengthen global position, stabilise domestic market.

  • Challenges: Global market fluctuations, dependence on few export markets, increasing requirements on quality and traceability.