Ministry of Finance requests Ministry of Public Security to verify information on violations in rice export

VCN –On April 20, Minister of Finance Dinh Tien Dung signed Official Letter No. 4763 / BTC-VP and sent it to Minister of Public Security To Lam to investigate and verify negative information on rice export activities.

ministry of finance requests ministry of public security to verify information on violations in rice export Trade ministry proposes resuming rice exports
ministry of finance requests ministry of public security to verify information on violations in rice export Ministry proposes limiting rice exports to 400,000 tonnes per month
ministry of finance requests ministry of public security to verify information on violations in rice export Temporary suspension of rice exports given thumbs-up
ministry of finance requests ministry of public security to verify information on violations in rice export
The rice export has been implemented by the General Department of Customs based on the principle of quota management. Photo: internet.

Indicators set as soon as receiving the Decision on quota management of the Ministry of Industry and Trade

In the official letter, the Ministry of Finance states that recently, a lot of information on mass media, social networks and some businesses reflected on rice export activities in the context of ensuring food security amid the Covid-19 pandemic.

Speaking about rice exports, the Ministry of Finance says: On April 10, 2020, the Minister of Industry and Trade issued Decision No. 1106 / QD-TCT announcing rice export quotas in April 2020.

In this Decision there are some principles for quota management. Specifically, traders who register for a previous customs declaration will be deducted from the previous export quota. The quantity declared on the registered customs declaration will be subtracted from the permitted export amount in April 2020.

if the customs declarations are invalid for customs clearance or the actual export quantity is less than the quantity declared in the customs declaration, the difference shall be added to the permitted export amount in April 2020.

The declarations are valid for customs clearance until the total declared export quantity reaches 400,000tonnes (customs declarations with a quantity in excess of 400,000 tonnes are no longer valid for customs clearance).

If the customs declarations are no longer valid for customs clearance or the actual export quantity is less than the quantity declared, the difference shall be added to the permitted export amount in April 2020.

Following the Prime Minister's conclusion at the Government's Standing Committee meeting on food security in the context of the Covid-19 epidemic, the General Department of Customs has suspended the opening of rice export customs declarations from 0:00 on March 24, 2020

Based on the principle of quota management, the General Department of Customs has set up information indicators on Vietnam Automated Cargo and Port Consolidated System and Vietnam Customs Intelligence Information System to automatically monitor and subtract the rice quantity within the permittedexport quota. This has been applied from April 12, 2020.The above decision of the Ministry of Industry and Trade takes effect from 0:00 on April 11, 2020 but at this time, the General Department of Customs has not received the official version from this Ministry, until 9:30am April 11, 2020, the General Department of Customs received the copy. On April 13, 2020, the General Department of Customs received the official version.

The subtraction will be automatically performed by the systems as soon as the customs declarant sends information of the customs declaration to the system according to the principle of pre-registered customs declaration which will be deducted from the previous export quota and the system will automatically stop receiving information on registration of customs declarations if the registered quantity reaches the export quota, without the intervention of customs officers.

Suspected violations of rice export needs verifying

The Ministry of Finance also cited some statistics from the system of the General Department of Customs.

From 0.00 to 6.15 am on April 12, 2020, 38 enterprises registered 519 rice export declarations with an amount of 399,989.43 tonnes.

At this time, the rice export quota was only 10.57 tonnes, so enterprises that continued to register for rice export declarations with amount higher than 10.57 tonnes were not accepted by the system.

After the aforementioned time, two enterprises that registered two declarations with the amount less than 10.57 tonneswere received by the system. They were nine tones at 3.10pm and 1.2 tonnes at 7.34pm.

In the official letter sent to the Minister of Public Security, the Ministry of Finance said that currently, a number of media and social media as well as some rice exporters have posed many negative questions regarding the organization of rice export activities.

To ensure the objectivity, transparency andunification on information reflected by the press, enterprises and social networks, the Ministry of Finance requested the Minister of Public Security to assign competent agencies to consider and investigate, verify and clarifythe above contents to strictly handle all acts of law violation by organizations and individuals in rice export activities as well as handling responsibilities of organizations and individuals giving misrepresented and false information.

On April 20, the Minister of Finance also issued a written request to the Director of the General Department of Customs to urgently organize inspections and verifications to clarify the contents reflected by the press, social networks and enterprises on the doubts in the intervention of customs officers and customs agencies about the opening of rice export declarations; and strictly handle violations of individuals and organizations according to the provisions of law.

ministry of finance requests ministry of public security to verify information on violations in rice export Vietnam eyes opportunities for rice exports to Senegal

Vietnam’s rice exports to Senegal enjoyed a sharp increase compared to 2018, with an export volume of ...

This inspection and investigation must be reported to the Minister before April 30, 2020.

By Hong Van/ Huyen Trang

Related News

Risks for the economy when cash flow has not yet been put in to production and business

Risks for the economy when cash flow has not yet been put in to production and business

VCN - Investment channels in Vietnam have a lot of potential, but financial and banking expert Dr. Nguyen Tri Hieu, Director of the Institute for Research and Development of Global Financial and Real Estate Markets, said that cash flow into production and business is still modest, leading to risks for the economy.
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.
Anti-corruption in Finance: Resolutely eliminating cumbersome administrative procedures

Anti-corruption in Finance: Resolutely eliminating cumbersome administrative procedures

VCN - The Ministry of Finance identifies administrative reform and simplification of regulations related to business activities as key solutions for preventing and combating corruption and negativity.
Particularly dangerous criminals hook up foreigners to traffic drugs in the Northwest

Particularly dangerous criminals hook up foreigners to traffic drugs in the Northwest

VCN - Information mentioned by the Drug Crime Investigation Police Department (C04, Ministry of Public Security) at the Conference on Professional Plan 3631 of preventing and fighting drug crimes on the Northwest route (taking place July 24, 2024 in Hoa Binh).

Latest News

M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there are still difficulties, the economy is gradually returning to a high growth trajectory. In that context, it is necessary to let fiscal policy return to normal state.
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ceiling and safety threshold approved by the National Assembly, ensuring national financial security, increasing proactive response to risks arising from external and internal causes of the economy.
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

VCN - Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment; renovating, upgrading, expanding, and constructing new construction items in projects that have been invested in and constructed in the past.

More News

Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.
State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.
Rush to finalize draft decree on public asset restructuring

Rush to finalize draft decree on public asset restructuring

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.
Inspection report on gold trading activities being complied: SBV

Inspection report on gold trading activities being complied: SBV

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

VCN -The Government estimates that state budget revenue in 2024 will exceed VND 172.3 trillion, up 10.1% over the estimate, of which tax and fee revenue will reach 13.1% of GDP.
Read More

Your care

Latest Most read
M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ce
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Mobile Version