Complete the procurement of paddy and rice for reservation in 2019

VCN – According to the statistics of the General Department of State Reserve, in the first six months of 2019, the work of input, output and alternating barter goods of State Reserve was implemented well.
tin nhap 20190710095728
Illustration image. Source: Internet

Do Viet Duc – Director General of State Reserve said that, in 2019, the unit has been assigned to input 200,000 tonnes of rice and 800,000 tonnes of paddies. Until June 30, 2019 the unit completed the input of 200,000 tonnes of rice, achieving 100 percent of assigned target.

For the paddy, General Department of State Reserve has directed local Departments of State Reserve to buy according to farming season of each area. Till June 30 2019, they have inputted 62,400 tonnes, 78 percent of the assigned target. The rest would be continued purchasing to complete and expected to achieve 100 percent of the assigned target by July 31 2019.

It is expected that on July 31, the system of State Reserve would finish the procurement of paddy and rice of the plan in 2019.

In the first six months of 2019, the General Department of State Reserve has focused on the implementation of inputting goods items that were tendered in 2018 including drilling and cutting equipment, fire water pump, canvas tent, and generator; complete the signing contract, stock receiving of material of the target that were transferred from the year of 2018 (4,000 canvas tents, 50 sets of DT3 speedboat, 20 sets of generators of 136 – 150 KVA, 50 sets of sets of generators of 30 KVA); organising tender for buying 3/9 list of material and equipment items under the target of 2019 (DT3 speedboat, life jacket, life buoy).

Regarding stock delivering for sale in order to alternate barter goods, for paddy item, the General Department of State Reserve has approved the export plan of over 5,237 tonnes of paddy in the units that have completed the plan of buying paddy as the Departments of State Reserve in other areas: HCM City; South East; Mekong Delta and Southwest.

The time of opening warehouses for sale would be from July 1, 2019 to August 31, 2019. The rest, after the units completed the plan of buying paddy in 2019, the General Department of State Reserve would assign the task of sales as prescribed.

For rice, the General Department of State Reserve issued a document to the units to develop plans and solutions of selling prices and submit to the General Department for consideration and approval. The General Department of State Reserve would assign tasks for units to sell in accordance with regulations, ensuring completion in 2019.

By H.Vân/Thanh Thuy

Related News

Mobilizing finance for the low-emission rice value chain

Mobilizing finance for the low-emission rice value chain

VCN - Currently, capital remains the biggest difficulty for cooperatives and rice production enterprises, especially those participating in the high-quality, low-emission rice project in the Mekong Delta. This requires strong participation from banks, investment funds and international financial institutions.
Mobilizing finance for low-emission rice value chains

Mobilizing finance for low-emission rice value chains

VCN - Capital is still the biggest difficulty for cooperatives and rice production enterprises, especially those participating in the high-quality, low-emission rice project in the Mekong Delta. This requires strong participation from banks, investment funds and international financial institutions.
Rice exports to China drop sharply

Rice exports to China drop sharply

VCN - While the amount of rice exported to Southeast Asian markets increased sharply, the results in the Chinese market were the opposite.
Increasing the value of rice grains from the project of 1 million hectares of high quality rice

Increasing the value of rice grains from the project of 1 million hectares of high quality rice

VCN - The implementation of the project of 1 million hectares of high-quality rice will contribute to promoting the transition from traditional farming methods to synchronous mechanization, developing large-scale, stable and long-term concentrated raw material areas, ensuring sustainable and effective farming quality and minimizing environmental pollution. Vietnam is also the first country in the world to build a large-scale project on sustainable rice production and reduced emissions.

Latest News

Personal income tax proposed for interest on some bank savings accounts

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
Banks set for aggressive bond issuance in 2025 to fuel growth

Banks set for aggressive bond issuance in 2025 to fuel growth

With a higher credit growth goal set by the SBV, banks are ramping up their efforts to secure funding through bond issuance.
Central bank cuts interest rate on bills for first time in 2025

Central bank cuts interest rate on bills for first time in 2025

According to data from the financial data provider Wichart, the SBV issued VNĐ19.6 trillion of bills in the past week. The interest rate on the bills decreased by 0.1 percentage point, from 4 per cent to 3.9 per cent on February 14.
Focusing on inspecting inventory of public assets at units with large and complex assets

Focusing on inspecting inventory of public assets at units with large and complex assets

VCN - According to Official Dispatch No. 1456/BTC-QLCS on inspecting the preparation and implementation of the General Inventory of Public Assets recently issued by the Ministry of Finance, the inspection of the inventory of public assets focuses on units with large asset scale and large number of inventory items, complex assets, and slow implementation progress.

More News

The government seeks approval for revised GDP, CPI targets

The government seeks approval for revised GDP, CPI targets

VCN - The Government submitted to the National Assembly for consideration and comments on adjusting the target for the growth rate of gross domestic product (GDP) to 8% or more; the average growth rate of the consumer price index (CPI) to about 4.5-5%.
Fiscal, monetary policies support demand stimulation, price stabilisation

Fiscal, monetary policies support demand stimulation, price stabilisation

These efforts, in conjunction with the implementation of monetary policies and other macroeconomic policies, aim to solve difficulties for businesses and the public, stabilise the macroeconomy, control inflation, ensure the balance of the economy, promote economic growth, and secure social welfare and people’s livelihoods.
Vietnam secures VND 157 billion from state enterprise divestment in 2024

Vietnam secures VND 157 billion from state enterprise divestment in 2024

VCN - The Ministry of Finance reported that in 2024, the divestment of state capital in 5 enterprises (F1) generated VND 157 billion from an initial value of VND 145 billion
Vietnam gears up for potential inflation impact in 2025

Vietnam gears up for potential inflation impact in 2025

VCN - For sound price management and inflation control, Deputy Prime Minister Ho Duc Phoc directed officials to vigilantly track both domestic and international market dynamics. The goal is to proactively develop flexible strategies and solutions, enabling a swift response to any emerging challenges.
VN’s credit conditions in 2025 expected to be stable

VN’s credit conditions in 2025 expected to be stable

The credit conditions for Việt Nam will stabilise in 2025, after improving substantially over the past year, the rating agency VIS is forcasts.
State revenue in first month of the year equal to 14% of the estimate

State revenue in first month of the year equal to 14% of the estimate

VCN - According to the Ministry of Finance, in January - the first month of 2025, the total state budget revenue is estimated at VND275.9 trillion, equal to 14% of the estimate; meanwhile, the total state budget expenditure is estimated at VND134.4 trillion.
Securities 2025 expects a breakthrough in scale and quality

Securities 2025 expects a breakthrough in scale and quality

VCN – The positive factors inherent in the macro economy and the Vietnamese stock market will continue to create the foundation for the market to maintain stability, good liquidity, and growth in both scale and quality in the new year of At Ty 2025, Chairwoman of the State Securities Commission Vu Thi Chan Phuong said.
Cash reserves in stock accounts at six-quarter low amid margin rise

Cash reserves in stock accounts at six-quarter low amid margin rise

These funds are readily available in investor accounts, but remained undeployed as of the year-end.
Five solutions for developing stock market in 2025

Five solutions for developing stock market in 2025

VCN - On February 5, 2025, at the Gong-beating ceremony to open the stock trading at the Ho Chi Minh City Stock Exchange (HOSE), Deputy Minister of Finance Nguyen Duc Chi introduced five solutions for comprehensive development of the stock market.
Read More

Your care

Latest Most read
Personal income tax proposed for interest on some bank savings accounts

Personal income tax proposed for interest on some bank savings accounts

Instead of the current personal income tax exemption on interest from all individual bank savings accounts, the proposal would exempt tax only for low amounts of savings.
Banks set for aggressive bond issuance in 2025 to fuel growth

Banks set for aggressive bond issuance in 2025 to fuel growth

With a higher credit growth goal set by the SBV, banks are ramping up their efforts to secure funding through bond issuance.
Central bank cuts interest rate on bills for first time in 2025

Central bank cuts interest rate on bills for first time in 2025

According to data from the financial data provider Wichart, the SBV issued VNĐ19.6 trillion of bills in the past week. The interest rate on the bills decreased by 0.1 percentage point, from 4 per cent to 3.9 per cent on February 14.
Focusing on inspecting inventory of public assets at units with large and complex assets

Focusing on inspecting inventory of public assets at units with large and complex assets

VCN - According to Official Dispatch No. 1456/BTC-QLCS on inspecting the preparation and implementation of the General Inventory of Public Assets recently issued by the Ministry of Finance, the inspection of the inventory of public assets focuses on units
The government seeks approval for revised GDP, CPI targets

The government seeks approval for revised GDP, CPI targets

The Government submitted to the National Assembly for consideration and comments on adjusting the target for the growth rate of gross domestic product (GDP) to 8% or more
Mobile Version