Over 40 businessmen licenced to export rice following new decree
A total of 42 businessmen have been licenced to export rice after the Government’s Decree 107 issued on August 15 last year on rice export took effect.
Hanoi (VNA) – A total of 42 businessmen have beenlicenced to export rice after the Government’s Decree 107 issued on August 15last year on rice export took effect.
Tran Thanh Hai, Deputy Director of the Import and ExportDepartment under the Ministry of Industry and Trade, said the decree enableswholesalers to export rice, while loosening the conditions for enterprises tobecome wholesalers.
Accordingly, the elimination of the condition on owning ricemills and warehouses has allowed firms to lease such facilities to reduce costsand make use of other businesses’ available ones.
Enterprises also do not have to register their exportcontracts as previously.
Vietnam exported 4.01 million tonnes of rice worth 1.73billion USD in the first seven months of this year, up 2.1 percent in volumebut down 14.3 percent in value year on year, according to the Ministry ofAgriculture and Rural Development.
The figures include 651,000 tonnes worth 285 million USD inJuly.
In the year’s first half, the Philippines was the biggestbuyer that purchased 33.7 percent of Vietnam’s rice exports.
Meanwhile, markets with strong growth in rice imports fromVietnam included Ivory Coast (up 67 percent), China’s Hong Kong (60 percent)and Saudi Arabia (38 percent).-VNA
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Illustrative image (Photo: VNA) 
