The export quota set is 400,000 tonnes and will be transported via land, rail, water and air. The quotas came into effect from April 11 after the decision was made the previous day by the PM Nguyen Xuan Phuc.

The export quota set is 400,000 tonnes.

At the same day the Government Office sent a dispatch on the permission and other directions from PM Nguyen Xuan Phuc to the Ministry of Industry and Trade (MoIT), the Ministry of Agriculture and Rural Development (MARD) and the Ministry of Finance (MoF) relating rice export in the context of the Covid-19 pandemic, drought and saline intrusion.

The Prime Minister accepted the proposal of the MoIT submitted on April 6 to export about 800,000 tonnes of rice in April and May.

This export rice volume is reduced by 40 percent compared to the volume in April and May 2019. It is also 35.7 percent and 21.7 percent lower than the same period in 2018 and 2017, respectively.

The PM has also requested the MoIT, MoF, MARD and the relevant agencies to implement the rice export plan in accordance with law.

They must also avoid a shortage of rice.

The MoIT must report to the Prime Minister their plans before April 25. The ministry must also build a scenario to regulate the domestic rice market and rice exports in case the Covid-19 pandemic lasts until the end of 2020, according to the PM.

PM Phuc also asked the MoF to manage the rice volume that is permitted to export according the MoIT proposal to ensure transparency.

At the same time, this ministry would coordinate with the relevant agencies to promptly purchase rice for the national food reserves as targeted this year. If it is necessary, they are able to increase rice volume for the national reserves.

Meanwhile, the MARD is requested to coordinate with provinces and centrally-run cities to boost agricultural production, ensuring enough supply for the domestic consumption and export.

Rice exports expected at over 6 million tonnes

Rice exports is expected to reach over six million tonnes in 2020.

Vietnam’s rice exports increase 27 percent in first two months of 2020

Vietnam exported 890,000 tonnes of rice worth 420 million USD in the first two months of 2020, a year-on-year increase of 27 percent and 32.6 percent and in terms of volume and value, respectively, according to the Ministry of Agriculture and Rural Development.

Thanh Tri steamed roll rice pancakes made from red dragon fruit

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Vietnam needs to find new rice markets to replace China

Since the novel coronavirus (COVID-19) epidemic will surely affect exports to China, diversifying markets is an urgent requirement for Vietnamese rice exporters, experts have said.

Vietnam’s new nCoV test kit thrice as fast at one-third the cost

Vietnam has developed test kits for the novel coronavirus that provides results in just 70 minutes as opposed to the current four hours.

Source: VNA