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

Hanoi focuses on building rice trademark

Hanoi focuses on building rice trademark

Hanoi is working to cultivate high-quality rice varieties in 80% of the local rice farming area in a bid to build trademark for the product in the 2021-2025 period.
VFA recommends some specific solutions for rice production and export

VFA recommends some specific solutions for rice production and export

VCN - VFA recommends specific solutions for policy mechanisms, financial credit, and production activities. At the same time, adding a rice export floor price mechanism is suggested to ensure farmers' efficiency.
The market is open, the price is good, why do rice exporters still complain?

The market is open, the price is good, why do rice exporters still complain?

VCN - The difficulty of enterprises in meeting pre-signed rice export orders, in the current volatile period, has shown limitations in linking production and consumption of rice in the time. An early solution to this linkage problem will help the rice industry make good use of the current opportunities and develop sustainably in the future.
Prices of Vietnam’s exported rice highest in the world

Prices of Vietnam’s exported rice highest in the world

Prices of Vietnam’s exported rice are still the highest in the world, with that of 5% broken rice reaching 638 USD per tonne, and 25% broken rice 623 USD per tonne, according to the Vietnam Food Associaion.

Latest News

Without a uniform legal framework, money launderers wolfed down cryptocurrency

Without a uniform legal framework, money launderers wolfed down cryptocurrency

VCN - Rapidly developing blockchain technology expose financial industry to not only breakthrough growth for but also poses new challenges for the task of preventing and combating money laundering.
Vietnam’s regulatory interest rates to further down in fourth quarter: UOB

Vietnam’s regulatory interest rates to further down in fourth quarter: UOB

The United Overseas Bank (UOB) has maintained its economic growth forecast for Vietnam at 5.2% for 2023 and 6% for 2024 while forecasting that Vietnam will continue to cut regulatory interest rates in the remaining months of this year to balance economic growth and inflation pressure.
Flexible and timely supply of capital to businesses at the right time

Flexible and timely supply of capital to businesses at the right time

VCN - The State Bank (SBV) believes that credit growth for the rice and fisheries industries will continue to grow rapidly from now until the end of the year due to seasonal factors and improved export demand.
Enterprises expect easier access to credit

Enterprises expect easier access to credit

Enterprises expected access to banking credit to be made easier to quench their thirst for capital during the process of recovering production and business.

More News

Digital transformation in the Financial sector as formidable task, requiring high determination and great effort

Digital transformation in the Financial sector as formidable task, requiring high determination and great effort

VCN – On September 21, Department of Financial Informatics and Statistics, and the Institute of Financial Strategy and Policy (Ministry of Finance) jointly held a Workshop- Exhibition on digital finance in state budget management -Vietnam Digital Finance 2023 (VDF) with theme “Digital data: a driver for sustainable digital transformation in Financial sector”.
Vietnam - Canada promote financial policy dialogue mechanism

Vietnam - Canada promote financial policy dialogue mechanism

VCN - On September 20, the Ministry of Finance of Vietnam and the Ministry of Finance of Canada jointly organized the "Vietnam - Canada Financial Policy Dialogue Workshop" in both live and online format.
MoF sets target of ensuring 100% of businesses to be received legal support

MoF sets target of ensuring 100% of businesses to be received legal support

VCN – Decision No.1949/QD-BTC on the implementation plan of the project on “Improving the quality and efficiency of legal support for businesses in period 2023-2030” has been issued by the Ministry of Finance.
BIS pledges support for Vietnam in banking infrastructure development, digital transformation

BIS pledges support for Vietnam in banking infrastructure development, digital transformation

The Bank for International Settlements (BIS) will continue to accompany and support the State Bank of Vietnam (SBV) in investing in payment and financial infrastructure development and promoting digital transformation, contributing to improving risk management in the local banking sector, stated BIS General Manager Agustin Carstens.
Removing barriers and difficulties for businesses is a top political task

Removing barriers and difficulties for businesses is a top political task

VCN – The leaders of the Ministry of Finance requests heads of units under the Ministry to fully and effectively implement resolutions, guidelines and policies of the Party and State on encouraging business development; protecting the legal property ownership rights and freedom in business of people and businesses according to the Constitution and law.
General Department of Taxation provides training course on digital transformation

General Department of Taxation provides training course on digital transformation

VCN – On September 20, the General Department of Taxation organized a training course on digital transformation for tax officers. Contents of the training course include an overview of digital transformation; national digital transformation program; digital transformation plan of the Ministry of Finance and Vietnam Tax sector.
Export difficulties affect budget revenue

Export difficulties affect budget revenue

VCN - The economic situation in the first 8 months of the year faced many difficulties and challenges, which affected the implementation of financial and budgetary tasks. According to the Ministry of Finance, budget revenue in the first 8 months of the year decreased compared to the same period in 2022. In that context, the Finance sector will have to make every effort to ensure completion of tasks in 2023.
Transferring 10 million VND may require biometric authentication

Transferring 10 million VND may require biometric authentication

It is expected that biometric authentication such as fingerprint, iris, or facial recognition will be mandatory for money transfers exceeding the minimum level, possibly starting from 10 million VND (410.93 USD), said Deputy Head of the State Bank of Vietnam (SBV)’s Payment Department Le Anh Dung at a September 19 seminar on protecting bank accounts from increasing online fraud risks.
Remove problems for enterprises in using e-invoices and documents

Remove problems for enterprises in using e-invoices and documents

VCN – The amendment and supplementation of Decree No.123/2020/ND-CP regulating invoices and documents aims to implement the Party’s policies and guidelines on building e-Government towards Digital Government and Smart Government, removing difficulties for enterprises in using e-invoices and documents, reforming administrative procedures, providing solutions to prevent origin-related frauds and in accordance with international practices, the Ministry of Finance said.
Read More

Your care

Latest Most read
Without a uniform legal framework, money launderers wolfed down cryptocurrency

Without a uniform legal framework, money launderers wolfed down cryptocurrency

VCN - Grand View Research's report said that, in spite of spring market, the global blockchain technology market is estimated to reach a value of more than 1,400 billion USD by 2030 with a compound annual growth rate (CAGR) of nearly 86%/year in the perio
Vietnam’s regulatory interest rates to further down in fourth quarter: UOB

Vietnam’s regulatory interest rates to further down in fourth quarter: UOB

The United Overseas Bank (UOB) has maintained its economic growth forecast for Vietnam at 5.2% for 2023 and 6% for 2024 while forecasting that Vietnam will continue to cut regulatory interest rates in the remaining months of this year to balance economic growth and inflation pressure.
Flexible and timely supply of capital to businesses at the right time

Flexible and timely supply of capital to businesses at the right time

VCN - In this context, promoting credit injection into the economy is an issue of great concern to businesses and management agencies. However, to be able to promote credit, there needs to be solutions from both sides.
Enterprises expect easier access to credit

Enterprises expect easier access to credit

Enterprises expected access to banking credit to be made easier to quench their thirst for capital during the process of recovering production and business.
Digital transformation in the Financial sector as formidable task, requiring high determination and great effort

Digital transformation in the Financial sector as formidable task, requiring high determination and great effort

VCN - The workshop has been an annual activity jointly held by the Department of Financial Informatics and Statistics and the Institute of Financial Strategy and Policy to create forum for discussion between managers, financial-budgetary policymakers and
Mobile Version