New regulations on conditions of rice export business

 VCN- The Government has issued Decree 107/2018/ND-CP, in which specifying conditions of rice export business.  
new regulations on conditions of rice export business Hard to export rice to China
new regulations on conditions of rice export business Door to world market opens for Vietnam’s rice exporters
new regulations on conditions of rice export business Rice export has gradually "turned over a page"
new regulations on conditions of rice export business
From 1st October 2018, new Decree on rice export business will take effect.

Specifically, conditions of rice export business include:

1- Traders are permitted to establish and register business in accordance with regulations of the law when they meet conditions as follows: Having at least 1 specialized warehouse used for storing rice and paddy in conformity with the national standards and regulations on warehousing for storing rice and paddy issued by the competent agency in accordance with the Law on standards and technical regulations; Having at least 1 facility for milling, grinding or processing of rice and paddy in conformity with national standards and technical regulations on facility for milling, grinding or processing of rice and paddy issued by the competent agency in accordance with provisions of the law on standards and technical regulations.

2- In order to meet the above mentioned conditions, the warehouses, facilities for milling, grinding or processing of rice and paddy may be owned by traders or can be leased from other individuals and organizations under written leasing contracts in accordance with provisions of the law with the minimum term of 5 years. Traders who have certificates of eligibility for rice export business (certificates) shall not be allowed to lease or sublease warehouses, facilities for milling, grinding or processing of rice and paddy which have been declared to prove their satisfaction of business conditions in their application for the granting of certificates for other traders to use for the purpose of applying for certificates.

3- Traders only exporting organic rice, parboiling rice and multi-micronutrient fortified rice do not need to meet the above mentioned business conditions and are allowed to export these types of rice without a certificate, do not have to reserve for circulation and have to report in accordance with regulations.

When carrying out Customs procedures, traders exporting rice, organic rice, parboiling rice and multi-micronutrient fortified rice without certificates only submit to the Customs authority the original, or a written copy with confirmation authenticated by competent agencies, organizations or assessment certificate on rice exports issued by assessment organizations in accordance with the law on rice exports in conformity with criteria and determination method instructed by the Ministry of Agriculture and Rural Development and the Ministry of Health.

Also, the Decree specifies the inspection for conditions of rice export business. Accordingly, traders shall fill an application for certificates and take responsibility before law for their declared contents and documents in the dossiers and the satisfaction of the conditions of rice export business.

new regulations on conditions of rice export business Rice export: Success exceeds expectations

VCN- Along with the traditional markets that increase rice imports as well as expand new export markets, ...

The Industry and Trade Department shall lead and coordinate with the Agriculture and Rural Development Department and relevant agencies to implement post-inspection for warehouses, facilities for milling, grinding or processing of rice and paddy to meet conditions of rice export business in the traders’ areas after they were granted certificates.

Within 5 working days after the inspection is finished, the Industry and Trade Department shall report to the Ministry of Industry and Trade the inspection results in writing and propose measures for handling (if any) together with the inspection report.

According to the plan, annually or randomly, the Ministry of Industry and Trade shall lead and coordinate with relevant agencies to implement the post-inspection for warehouses and facilities for milling, grinding or processing of rice and paddy in the traders’ areas after they were granted certificates and the maintenance of satisfaction of conditions of rice export business of traders.

The Decree will take effect on 1st October 2018.

By Nguyen Ha/Ngoc Loan

Related News

Preliminary assessment of Vietnam international merchandise trade performance in the first half of November, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first half of November, 2024

The Vietnam Customs Statistics announced that in the first half (01-15/11/2024) of November-2024, Vietnam’s total exports of US dollars 16.73 billion and imports of US dollars 16.7 billion resulted in a trade surplus of nearly US dollars 31 million. Accordingly, the total value of export and import turnover of Vietnam in the first half of November was US dollars 33.44 billion, down by 9.7% as compared to the second half of October-2024.
Preliminary assessment of Vietnam international merchandise trade performance in the first 10 months of 2024

Preliminary assessment of Vietnam international merchandise trade performance in the first 10 months of 2024

1. According to trade statistics of Vietnam Customs, in October of 2024, a 5.2% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of September 2024. Exports went up 4.6 %, to USD 35.64 billion and imports increased 5.8%, to USD 33.60 billion in terms of month-on-month basis. As a result, there was a USD 2.03 billion surplus in Vietnam’s trade balance in this month.
Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2024

Preliminary assessment of Vietnam international merchandise trade performance in the second half of October, 2024

The Vietnam Customs Statistics announced that in the second half of October, 2024 the total Vietnam’s exports of US dollars 19.39 billion and imports of nearly US dollars 17.63 billion resulted in a trade surplus of US dollars 1.76 billion. Accordingly, the total value of export and import turnover of Vietnam in the second half of October was over US dollars 37.02 billion, up by 16% as compared to the first half of October-2024. Furthermore, in the first 10 months of 2024, Vietnam was in trade surplus of USD 23.35 billion.
Opportunities for export breakthroughs through e-commerce

Opportunities for export breakthroughs through e-commerce

VCN - According to Mr. Nguyen Van Thanh (in photo), Director of the E-commerce Development Center - Department of E-commerce and Digital Economy (Ministry of Industry and Trade), developing national e-commerce programs and fostering international cooperation are key to effectively harnessing Vietnam's potential in this area, thereby enhancing competitiveness and promoting sustainable development in the global market.

Latest News

Actively listening to the voice of the business community

Actively listening to the voice of the business community

VCN - Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year. These efforts aim to promptly address challenges, resolve obstacles, and facilitate import-export activities. Such meetings offer an opportunity for the Customs authority and the business community to exchange, share insights, and find solutions to enhance operational quality and efficiency.
Step up negotiations on customs commitments within the FTA framework

Step up negotiations on customs commitments within the FTA framework

VCN - Promoting negotiations on customs commitments within the framework of free trade agreements (FTAs) plays an important role in facilitating import and export activities. These commitments not only help optimize the customs clearance process but also minimize costs and risks for businesses, opening up great opportunities for Vietnamese goods to access deeper into the international market.
Proposal to amend regulations on goods circulation

Proposal to amend regulations on goods circulation

VCN - To perfect the policy on customs procedures, inspection and supervision, enterprises and associations have contributed many ideas from practical activities. Thereby, the Drafting Committee (General Department of Customs) has more perspectives to build policies to meet the goal of facilitating trade and ensuring state management of customs.
Review of VAT exemptions for imported machinery and equipment

Review of VAT exemptions for imported machinery and equipment

VCN - The General Department of Vietnam Customs has directed provincial and municipal customs departments to review, inspect, and address issues related to the implementation of VAT exemption policies for specialized machinery and equipment used in agricultural production.

More News

Customs tightens oversight on e-commerce imports

Customs tightens oversight on e-commerce imports

VCN - The General Department of Vietnam Customs has issued new directives to enhance the management of imported goods transacted through e-commerce platforms, addressing ambiguities and ensuring consistent enforcement across provincial and municipal customs departments.
Bringing practical experience into customs management policy

Bringing practical experience into customs management policy

VCN - At the workshop to collect opinions from Southern Customs units on the draft Decree amending and supplementing Decree 08/2015/ND-CP dated January 21, 2015 of the Government; the draft Circular amending and supplementing Circular 38/2015/TT-BTC dated March 25, 2015 and Circular 39/2018/TT-BTC dated April 20, 2018 of the Minister of Finance, organized by the General Department of Customs last weekend, many Southern Customs units contributed specific contents from practical operations in the locality.
Businesses anticipate new policies on customs procedures and supervision

Businesses anticipate new policies on customs procedures and supervision

VCN - With this year’s import-export turnover estimated at nearly US$800 billion and forecasting to surpass this milestone next year, the business community holds high expectations for upcoming amendments and supplements to customs management, procedures, and supervision policies. These changes are expected not only to facilitate trade but also to enhance state management efficiency and support economic development.
Do exported foods need iodine supplementation?

Do exported foods need iodine supplementation?

VCN - Currently, Vietnamese processed food products, including seafood products, have been exported to more than 160 countries, and no country has yet required that "salt used in food processing must be salt with added iodine".
Amendments to the Value-Added Tax Law passed: Fertilizers to be taxed at 5%

Amendments to the Value-Added Tax Law passed: Fertilizers to be taxed at 5%

VCN - With the majority of National Assembly deputies voting in favor, the National Assembly officially approved the revised Value-Added Tax (VAT) Law during its afternoon session on November 26, 2024, as part of the 8th session's agenda.
Proposal to change the application time of new regulations on construction materials import

Proposal to change the application time of new regulations on construction materials import

VCN - To comply with the circular on quality management of construction materials, many businesses importing this item are complaining about difficulties and asking for an extension of the implementation time.
Ministry of Finance proposed to reduce VAT by 2% in the first 6 months of 2025

Ministry of Finance proposed to reduce VAT by 2% in the first 6 months of 2025

VCN - In order to promote the early recovery and development of production and business activities, contributing back to the State budget, the Ministry of Finance proposed to continue reducing 2% of VAT on groups of goods and services currently subject to a tax rate of 10% in the first 6 months of 2025.
Hanoi Customs resolves tax policy queries for enterprises

Hanoi Customs resolves tax policy queries for enterprises

VCN - Queries regarding customs consultation procedures and tax refunds due to price reduction clauses were addressed by the Hanoi Customs Department, providing clarity for businesses.
Regularly check tax obligations to avoid temporary exit suspension

Regularly check tax obligations to avoid temporary exit suspension

VCN - In order to avoid the situation of arriving at the airport or border gate and only finding out that you owe taxes and being temporarily suspended from leaving the country by the Tax Authority, the Tax Authority recommends that taxpayers regularly look up their tax obligations to have a plan to pay taxes on time, not letting the tax debt situation drag on and drag on.
Read More

Your care

Latest Most read
Actively listening to the voice of the business community

Actively listening to the voice of the business community

Recognizing the Customs-business relationship as a long-term partnership, the Customs authority has organized hundreds of dialogues with businesses since the beginning of the year
Step up negotiations on customs commitments within the FTA framework

Step up negotiations on customs commitments within the FTA framework

VCN - In addition to promoting negotiations on customs commitments within the framework of FTAs ​​under negotiation, the General Department of Customs actively supports businesses to effectively utilize commitments in signed FTAs, especially CPTPP, EVFTA,
Proposal to amend regulations on goods circulation

Proposal to amend regulations on goods circulation

VCN - The Vietnam Association of Maritime Agents, Brokers and Services has proposes to amend and supplement regulations related to the transport of goods subject to customs supervision.
Review of VAT exemptions for imported machinery and equipment

Review of VAT exemptions for imported machinery and equipment

The General Department of Vietnam Customs has directed provincial and municipal customs departments to review, inspect, and address issues related to the implementation of VAT exemption policies for specialized machinery and equipment used in agricultural
Customs tightens oversight on e-commerce imports

Customs tightens oversight on e-commerce imports

The General Department of Vietnam Customs has issued new directives to enhance the management of imported goods transacted through e-commerce platforms
Mobile Version