Prime Minister Nguyen Xuan Phuc scrapped the ban Friday and ordered relevant ministries to develop an export plan what will ensure the benefits of farmers and traders.
The Ministry of Finance is tasked with controlling rice exports and buying 190,000 tons from traders for storage.
The Ministry of Industry and Trade will order Vietnam Customs to stop allowing exports when the prescribed quota has been reached.
On March 24, the Prime Minister issued a ban on rice exports until the end of May to ensure national food security amid the new coronavirus pandemic, but the Ministry of Commerce proposed to lift the order. this ban on the argument that supply will exceed demand 6.7 million tons per year.
The finance ministry had recently proposed that export of regular rice is stopped until mid-June to build reserves and ensure national food security.
Vietnam is the world's third largest rice exporter after India and Thailand.Last year, it exported 6 units.37 million tons worth $2.$81 billion, with the top markets being the Philippines, Ivory Coast, Malaysia and China.
Từ vựng liên quan
Tin tức liên quan
Thai cement giant to buy seventh Vietnamese packaging firm
companies | 99864747A subsidiary of Thailand’s SCG Group has registered to buy a 94.1 percent stake in Vietnam’s Bien Hoa Packaging Jsc.
Another lucky Sunday brings Vietnam's fourth jackpot winner
news | 277164698Vietlott announced a $2.5 million win on Sunday just days after a $2.9 million jackpot.
$219-mln offshore wind power plant launched in Mekong Delta
economy | 366564688Renewable energy developer Trungnam Group has launched its first offshore wind power plant at a cost of nearly VND5 trillion ($219.3 million) in the Mekong Delta.
Top Democrat slams Obama administration's response to Russian hacks
world | 129164726'The Obama administration should have done a lot more when it became clear that not only was Russia intervening, but it was being directed at the highest levels of the Kremlin.'
Child marriage remains the norm in central mountains
trend | 65374737Hoa is only 17 but has been married for three years, a fate that befalls hundreds of girls in Vietnam’s central mountainous region.
Vietnam to initiate anti-dumping investigation into Chinese, Malaysian furniture
economy | 278894701Certain kinds of furniture imported from Malaysia and China have come under the Ministry of Industry and Trade scanner for dumping.
Underwater life goes above ground in a quiet Hanoi village
places | 30974734A Hanoi village hosts a hub of shops that cater to a hobby and feng shui charm – pet fish.
Brunei patrol vessel docks in central Vietnam
news | 83064728Brunei Navy’s offshore patrol vessel KDB Daruttaqwa docked Tuesday at the Tien Sa Port in central Vietnam.