AreaViet Nam

Commodity GroupRice

CommodityAll

Date28/04/2020

Policy CategoryTrade

Policy InstrumentExport restrictions, export quota

DescriptionAgreed to rescind export quotas on rice and permit rice shipments to proceed unrestricted, as of 1 May 2020. According to the decision, rice traders would be required to strictly abide by provisions of Decree 107/2018/ND-CP and maintain the equivalent of 5 percent of the volume they shipped in the preceding six months on reserve, further to signing agreements with at least one local retailer to supply local markets when called on to do so by the Government. In addition, border surveillance would be strengthened to combat undocumented overland outflows of rice.