New regulations on rice export

Decree 01/2025/ND-CP amending and supplementing a number of articles of Decree No. 107/2018/ND-CP of the Government on rice export business takes effect from March 1, 2025.

Accordingly, regarding the right to conduct rice export business, Decree No. 01 supplements the regulation: Traders with a certificate of eligibility to conduct rice export business may only entrust exports or receive entrustment to export from traders with a certificate of eligibility to conduct rice export business.

Regarding the responsibilities of rice export traders, Clause 3, Article 24 of Decree No. 107 stipulates: Periodically, every Thursday, rice export traders shall report to the Ministry of Industry and Trade on the actual amount of paddy and rice in stock of the traders according to each specific type to synthesize data for management purposes.

Decree No. 01 now stipulates: Periodically, before the 5th day of each month, rice export traders must report to the Ministry of Industry and Trade, the Department of Industry and Trade where the trader has its head office, warehouse, milling, grinding facility or rice processing facility, and at the same time send to the Vietnam Food Association the actual amount of rice and paddy in stock according to each specific type to synthesize data for management purposes.

Tighten management of mineral exploitation

Decree 10/2025/ND-CP issued on January 11, 2025 amending and supplementing a number of articles of decrees in the mineral sector stipulates: from March 1, 2025, the Government will strengthen measures to monitor mineral exploitation activities to ensure sustainable exploitation and environmental protection.

Specifically, according to the new regulations, the license to exploit sand and gravel from riverbeds must include the permitted operating hours for sand and gravel exploitation during the day, from 5:00 a.m. to 7:00 p.m.; and regulations on exploitation time during the year.

Based on geographical location, climate, weather and hydrological conditions, the provincial People's Committee decides on the specific exploitation time for each license and registration dossier, but not exceeding the time frame specified above.

Anti-dumping tax applied to steel imported from China and India

According to Decision 460/QD-BCT issued on February 21, 2025 on the application of temporary anti-dumping tax on some hot-rolled steel products originating from India and China, from March 8, the Ministry of Industry and Trade will apply temporary anti-dumping tax on some hot-rolled steel imported from China and India.

Accordingly, products subject to temporary anti-dumping tax are classified according to HS codes 7208.25.00, 7208.26.00, 7208.27.19, 7208.27.99, 7208.36.00, 7208.37.00, 7208.38.00, 7208.39.20, 7208.39.40, 7208.39.90, 7208.51.00, 7208.52.00, 7208.53.00, 7208.54.90, 7208.90.90, 7211.14.15, 7211.14.16, 7211.14.19, 7211.19.13, 7211.19.19, 7211.90.12, 7211.90.19, 7225.30.90, 7225.40.90, 7225.99.90, 7226.91.10, 7226.91.90 (case code: AD20).

Changes in tax management for enterprises with related transactions

According to Decree 20/2025/ND-CP issued on February 10, 2025, amending and supplementing a number of articles of Decree No. 132/2020/ND-CP dated November 5, 2020 of the Government regulating tax management for enterprises with related-party transactions, from March 27, 2025, there will be a notable change that loans from banks are no longer considered related-party transactions.

Previously, when borrowing capital from banks related to parent companies or subsidiaries, businesses still had to declare according to regulations on related transactions, causing many difficulties in tax procedures. This change helps businesses reduce the burden of declaration and be more transparent in determining transaction prices.