State Reserve sector allocates national reserve goods worth over VND752 billion

VCN - On July 20, the General Department of State Reserves held an online conference to review the first half of the year and set out tasks for the second half of 2022 in the State Reserve sector.
Improving national reserve potential Improving national reserve potential
State Reserve sector allocates national reserve goods worth over VND752 billion
The conference held by the General Department of State Reserves on July 20. Photo:T.L

Effectively performing national reserve management

According to the General Department of State Reserves, the General Department is assigned the target of importing 220,000 tons of rice and 40,000 tons of paddy in 2022. As of June 30, the regional State Reserve departments imported 214,000 tons, meeting 97.3% of the plan.

The State Reserve sector conducts bidding through the National Bidding Network System for the first time in 2022, the General Department of State Reserves instructs regional State Reserve departments to conduct a bidding plan to import 40,000 tons of national reserve paddy in the year with the import deadline set for September 15.

In the first six months of the year, the sector has allocated national reserve goods ensuring quantity and quality, with a value of about VND719,123 billion.

The Ministry of Finance has supplied 61,164 tons of rice valued at about VND654,455 billion, including allocating of 13,960 tons of rice for 16 provinces in the Lunar New Year; 7,615 tons of rice for 13 provinces at the beginning of the year; 3,738 tons of rice for three provinces for flood support; 4,431 tons of rice for Reforestation Projects in Thanh Hoa province; 1,869 tons of rice for Covid-19 support in three provinces; and 29,551 tons of rice for 43 provinces in the second semester of the school year 2021-2022.

The Ministry of Agriculture and Rural Development has supplied goods with a total value of about VND98,461 billion, including 3,274 tons of rice seeds; 90 tons of corn seed; 65 tons of Chlorite 20% chemical; 196 tons of chlorine chemicals 65% min; 30,000 liters of Benkocid disinfectant and 5,000 liters of Han-Iodine chemical.

Deputy Director General of the General Department of State Reserves Pham Vu Anh said that the quantity of issued national reserve goods is consistent with quantity and quality; and is transported in a timely fashion to localities, helping local residents overcome difficulties, stabilize their lives, and the sector perform international tasks.

In the first six months of 2022, the entire sector has performed the quality management of national reserve goods; preserved and protected the goods, said the Deputy Director General.

Ministries and sectors have closely coordinated with the Ministry of Finance in the development of mechanisms, policies and laws in an effective manner.

Disbursing the assigned estimate in 2022

Deputy Director General Pham Vu Anh said that in the first half of 2022, the General Department has coordinated with ministries and sectors to build mechanisms and policies on national reserve goods, including the development of national technical regulations, economic and technical norms of national reserve goods as a basis for management and administration.

The General Department has also coordinated with the Ministry of Planning and Investment and other ministries and sectors in developing the draft Strategy for national reserve development for 2021-2022; built a circular to submit to the Ministry of Finance for promulgation of a Circular amending Circular 160/2015/TT-BTC, 161/2015/TT-BTC; and issued national technical regulations for boats (ships).

To accomplish the tasks of 2022, the sector’s units will focus on developing and submitting to the Prime Minister for approval the Master plan of the national reserve warehouse system to 2030, with a vision to 2050; complete intra-sector projects; review the list of national reserve goods, detect obstacles to report to the Ministry of Finance and competent authorities for timely amendment and supplementation; strive to fulfill the target assigned by the Prime Minister; disburse the assigned estimate in 2022 and previous years.

The General Department actively cooperates with relevant ministries, sectors, agencies and localities to submit to competent authorities to decide on the export of national reserve goods for support to localities affected by natural disasters, storms, floods, droughts, crop failures, epidemic control, ensuring national security and other tasks.

The General Department will expedite the development and submission of national norms, standards and techniques as a basis for the quality management of the national reserve products, and build estimates and funds for the preservation, import and export of the products.

By Thuy Linh/Hoang Loan

Related News

Exploiting potential markets to increase coffee export space

Exploiting potential markets to increase coffee export space

VCN - Vietnam's coffee industry has gradually affirmed its position when exports for the first time exceeded the USD 4 billion mark in the past year. The results of the first two months of 2023 show that coffee exports have many positives, especially in some markets.
Ministry of Finance summarizes the 10-year implementation of the Resolution of the 8th meeting of the 11th Central Committee

Ministry of Finance summarizes the 10-year implementation of the Resolution of the 8th meeting of the 11th Central Committee

VCN – On March 27, Mr. Tran Tuan Anh, Member of the Political Bureau, Chairman of the Central Committee's Economic Commission, and member of the Steering Committee for developing summary project, attended and directed the summary conference of the 10-year implementation of the Resolution of 8th meeting of the 11th Central Committee on the Strategy to Project the Fatherland in the New Situation of Ministry of Finance. The conference was attended by Mr Ho Duc Phoc, a member of the Central Committee, Secretary of Designated Representation, Minister of Finance and other members of Party Designated Representation of Ministry of Finance, comrades of the Central Committee of Ministry of Finance.
Consignments of over 600 tons of used oil are allowed for import or not?

Consignments of over 600 tons of used oil are allowed for import or not?

VCN – Four companies imported over 600 tons of oil and declared as a new product. However, the competent agency verified that the oil was used oil with the main ingredients as heavy oil and impurities. Therefore, HCM City Customs Department has proposed a solution to control this product to avoid affecting the environment effectively.
Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2023

Preliminary assessment of Vietnam international merchandise trade performance in the first 2 months of 2023

Highlights 1. According to trade statistics of Vietnam Customs, in February 2023, a 5.9% upwards in total external merchandise turnover of Vietnam was recorded as compared to the result of the last month. Exports went up US dollars 10.3%, to US dollars 26.05 billion and imports increased 1.3%, to US dollars 23.25 billion in terms of month-on-month basis. As a result, there was a US dollars 2.8 billion surplus in Vietnam’s trade balance in this month.

Latest News

Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion, equaling 30.9% of the estimate, up 5.3% over the same period in 2022.
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

More News

In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Consider raising the level of penalties to ensure fairness and transparency in the stock market

Consider raising the level of penalties to ensure fairness and transparency in the stock market

VCN - Mr Pham Hong Son, Vice Chairman of the State Securities Commission, discussed solutions to improve the capacity, improve fairness and transparency of the stock market.
Central bank cuts policy interest rates to spur growth

Central bank cuts policy interest rates to spur growth

The State Bank of Vietnam (SBV) announced it would reduce several policy interest rates from April 3, the second cut within one month, the regulator announced on its website March 31 night.
Ensure policies to attract investment when implementing global minimum tax

Ensure policies to attract investment when implementing global minimum tax

VCN - On the afternoon of March 30, in Hanoi, the Ministry of Finance held a regular press conference in the first quarter of 2023, chaired by Deputy Minister of Finance Nguyen Duc Chi. Many issues related to the tax field were discussed and answered at the conference.
SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

SBV asks to issue revised decree on foreign ownership cap at Vietnamese banks

The State Bank of Vietnam (SBV) has suggested the Government to issue a revised decree on foreign investors buying shares from Vietnamese credit institutions.
Solutions to attract FDI when implementing the global minimum CIT

Solutions to attract FDI when implementing the global minimum CIT

VCN - On March 29, the Vietnam International Arbitration Center (VIAC) and the Center for International Integration, the Ho Chi Minh City Institute for Development Studies, jointly held a seminar on Global Minimum Corporate Tax – outlook and challenges in attracting foreign investment (FDI) in Ho Chi Minh City.
Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

Effective implementation of tax incentives as driving force for growth in trade turnover between Vietnam and Cuba

VCN – The promulgation of Vietnam's Decree on Vietnam's special preferential import tariff to implement the Vietnam-Cuba Trade Agreement for 2022-2027 creates a stable and open legal framework, facilitates import and export activities, brings expected great benefits to the business community of the two sides, promote two-way trade turnover and develop Vietnam-Cuba trade relations.
Being many "hot" issues at the general meeting of shareholders of banks

Being many "hot" issues at the general meeting of shareholders of banks

VCN - International Commercial Joint Stock Bank (VIB) will be the first bank to hold a general meeting of shareholders this week, and then April will be the "peak" for banks to deploy.
Bringing the policies on reducing land rent and water surface rent into life

Bringing the policies on reducing land rent and water surface rent into life

VCN - The tax sector is drastically implementing dissemination and support to make the policy of reducing land rent and water surface rent in 2022 fully effective.
Read More

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read
Corporate bonds worth 1.1 billion USD issued in March

Corporate bonds worth 1.1 billion USD issued in March

The corporate bond market is showing signs of recovery with a notable increase in both the number of issuers and the value of issued bonds in March.
Tax revenue is estimated at VND 426,922 billion in the first quarter

Tax revenue is estimated at VND 426,922 billion in the first quarter

VCN - In the first three months of the year, state budget revenue managed by the tax agency was estimated at VND426,922 billion, equaling 31.1% of the ordinance estimate and 104.6% over the same period. Domestic revenue is estimated at VND411,418 billion,
Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

Nearly 400 complaints about insurance distribution through banks on Ministry of Finance hotline

VCN - A representative of the Ministry of Finance said that the Ministry had organized a specialized inspection team on insurance distribution through banks for four insurance companies. The team is finalizing inspection conclusions.
Central bank starts huge credit package for social housing projects

Central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.
In Q1, State revenue estimated to rise by 1.3%

In Q1, State revenue estimated to rise by 1.3%

VCN - Total state budget expenditure in the first quarter of 2023 is estimated at VND363.4 trillion, equaling 17.5% of the yearly estimate and rising by 7.2% year-on-year.
Mobile Version