In a bid to ensure transparency, stabilize the market, and safeguard rice producers from domestic and international market fluctuations, the Ministry of Industry and Trade has issued Decision No. 831/QĐ-BCT, establishing an inter-ministerial inspection team for the rice export sector in the Mekong Delta.

Following Government directives outlined in Notice No. 99/TB-VPCP dated March 11, 2025, the inspection team will focus on enforcing legal regulations on rice exports. Their mandate includes strictly addressing violations and conducting an in-depth review of supply-demand dynamics and market pricing.

The scope of the inspection also extends to examining the activities of rice exporters in the Mekong Delta. This will cover the purchase, import, and export of rice for circulation reserves, as outlined in Decree No. 107/2018/NĐ-CP (dated August 15, 2018) and the recently updated Decree No. 01/2025/NĐ-CP (dated January 1, 2025).

The inspection period will review activities from September 2024 to February 2025, with on-the-ground inspections scheduled from March 25 to March 28, 2025.

As part of this initiative, the inspection team will collaborate with key exporters, industry associations, and local authorities to assess current challenges and propose strategic solutions to stabilize the rice market.

The findings and recommendations will be reported to the Government before March 31, 2025.

Source: VnEconomy