The Vietnamese government has issued Decree No. 01/2025/ND-CP, introducing amendments to Decree No. 107/2018/ND-CP, which regulates the rice export business. These changes, effective from March 1, 2025, tighten oversight and accountability measures for rice export traders.
Under the revised regulations, the Ministry of Industry and Trade will revoke a trader’s Certificate of Eligibility for Rice Export Business if the trader fails to submit a report within 45 days of receiving a written request from the ministry. This adds to the existing list of seven revocation criteria outlined in the 2018 decree, which include:
- The trader voluntarily requests revocation of their certificate.
- The trader is dissolved or declared bankrupt in accordance with the law.
- The trader’s Business Registration Certificate, Enterprise Registration Certificate, or Investment Registration Certificate is revoked.
- The trader does not export rice for 18 consecutive months unless a lawful business suspension has been declared.
- The trader fails to maintain compliance with business conditions outlined in Clause 1 and Clause 2, Article 4 of the decree.
- The trader provides false information about their warehouse, milling, or rice processing facilities or commits fraud to obtain a certificate.
- The trader fails to adhere to directions from competent authorities under Article 15 of the decree.
The decree introduces a new provision restricting the entrustment of rice exports. Only traders holding a valid Certificate of Eligibility for Rice Export Business may engage in such agreements, whether as the assigning or receiving party.
Previously, rice export traders were required to submit weekly reports every Thursday to the Ministry of Industry and Trade, detailing their stock levels of rice and paddy by type. The new decree mandates monthly reporting. Traders must submit this report by the 5th day of each month to the Ministry of Industry and Trade, the Department of Industry and Trade in their respective locations, and the Vietnam Food Association. These reports are critical for data aggregation and management oversight.
This regulatory update reflects the government’s commitment to enhancing transparency, maintaining quality standards, and ensuring adherence to legal requirements within the rice export sector. The changes aim to strengthen Vietnam’s position in the global rice market while upholding fair and lawful business practices.
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