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MoF asked to re-consider money collection for rice market stabilisation fund

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VNBusinessNews.com – In the plan on establishing the rice market stabilisation fund, which was sent to the government recently, Ministry of Finance proposes to collect 30 percent of profit from rice export in advance, meaning deducting a part of rice exporters’ profit.Vietnam Food Association (VFA) said that Ministry of Finance should collect the part of profit with the absolute figure (instead

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MoF asked to re-consider money collection for rice market stabilisation fund

Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making