Pepper Market on April 8, 2025: Domestic price lost the mark of 150,000 VND/kg

Pepper prices today (April 8) dropped sharply to VND149,000/kg, down VND5,000 compared to yesterday. According to VPSA, the US is still the largest export destination for Vietnamese pepper, however, import volume in the first quarter of 2025 decreased by 32.6% over the same period, reaching 10,278 tons.

In the world market

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Kuching Malaysia black pepper at 9,850 USD/ton, down 50 USD/ton (equivalent to 0.51%) compared to the previous day.

Meanwhile, Indonesian Lampung black pepper prices continued to move sideways at $7,239 per tonne. The Indonesian market has been closed since last week as Muslims around the world celebrate Eid al-Fitr.

 Vietnam's black pepper export  price  is also stable at around 7,100 USD/ton for 500 g/l and 7,300 USD/ton for 550 g/l.

Brazilian ASTA 570 black pepper was offered at $6,950/ton, the lowest on the market.

Type name	World black pepper price list
	April 8 (Unit: USD/ton)	% change from previous day
Lampung Black Pepper (Indonesia)	7,239	–
Brazilian Black Pepper ASTA 570	6,950	–
Kuching Black Pepper (Malaysia) ASTA	9,850	-0.51
Vietnamese black pepper (500 g/l)	7,100	–
Vietnamese black pepper (500 g/l)	7,300	–

At the same time of survey, Malaysian ASTA white pepper was quoted at 12,300 USD/ton, down 100 USD/ton compared to the previous day.

Prices of Vietnamese white pepper and Indonesian Muntok white pepper were stable at 10,100 USD/ton and 10,066 USD/ton.

Type name	World white pepper price list
	April 8 (Unit: USD/ton)	% change from previous day
Muntok Indonesian White Pepper	10,066	–
ASTA Malaysian White Pepper	12,300	-0.81
Vietnam white pepper	10,100	–

Update pepper information

Preliminary statistics from the Vietnam Pepper and Spice Association (VPSA) show that in March, Vietnam exported 20,244 tons of pepper of all kinds, with a turnover of 141.6 million USD. Compared to February, the export volume increased by 41.3%, the turnover increased by 45.6% and compared to the same period last year, the export decreased by 21.2%, but the turnover increased by 27.9%.

The average export price of black pepper in March reached 6,790 USD/ton, white pepper reached 8,802 USD/ton, an increase of 122 USD for black pepper and 268 USD for white pepper compared to the previous month.

By the end of the first quarter of 2025, Vietnam had exported 47,660 tons of pepper of all kinds, of which black pepper reached 39,853 tons and white pepper reached 7,807 tons. Total export turnover reached 326.6 million USD. Compared to the same period last year, the export volume decreased by 16.1%, but the export turnover increased by 38.6%.

The average export price of black pepper in the first quarter reached 6,711 USD/ton, up 94.9% and white pepper reached 8,617 USD/ton, up 73.9% over the same period in 2024.

In terms of market, the US is still the largest export destination for Vietnamese pepper, however,  import  volume  in the first quarter of 2025 decreased by 32.6% over the same period, reaching 10,278 tons.

Next is India, with export volume reaching 3,370 tons, down 11.2%; Germany 3,358 tons, down 9.3%; UAE 2,757 tons, up 15.2%. Notably, exports to China increased by 87.8% to 2,034 tons, but compared to the same period in 2023, the import volume was still 92.2% lower.

Vietnam's leading white pepper import markets are China, Germany, the US, India and the Netherlands.

Vietnam is the largest pepper supplier to the US, accounting for 77% of the total pepper imported by this country. Conversely, the US is also the largest export market for Vietnamese pepper.

In 2024, pepper exports to the US reached 72,311 tons and recorded a record increase of 33.2%; turnover reached 409 million USD, accounting for 31% of total pepper export turnover to markets.

Exporting to the EU: Don't let habits cost you your market

 

Exporting to the EU: Don't let habits cost you your market

EU regulations are very clear and aim to protect consumer health. However, sometimes Vietnamese businesses are 'careless' which can lead to import bans.

Dr. Ngo Xuan Nam - Deputy Director of the Vietnam National Information and Enquiry Point on Epidemiology and Animal and Plant Quarantine (Vietnam SPS Office), Ministry of Agriculture and Environment - had an interview with reporters of the Industry and Trade Newspaper on this issue.

Looks delicious and beautiful but not really

– The EU is an important market for Vietnamese agricultural and aquatic products in general and processed foods in particular. However, many businesses are hesitant because this is not an easy market. What is your comment on this?

Dr. Ngo Xuan Nam: The EU is a bloc of countries with high and very strict food safety standards in the world – largely thanks to the EU’s strong laws, ensuring safe food for consumers. The Rapid Alert System for Food and Feed (RASFF) is a tool to ensure information that allows for rapid response when risks to public health are detected in the food chain.

The general conditions for introducing a new food into the EU are as follows: The food does not pose a risk to human health, based on available scientific evidence; the intended use of the food does not mislead the consumer, especially when the food is used to replace another food and there is a significant change in nutritional value; when the food is used to replace another food, it does not cause a nutritional disadvantage compared to the previous food.

Regulation (EU) 2017/2470 of 20 December 2017 establishes the Union’s list of novel foods in accordance with Regulation (EU) 2015/2283 of 25 November 2015 on novel foods. In addition, in Regulation (EU) 2015/2283, the term “novel food” includes “traditional third country foods”, i.e. foods traditionally consumed in countries outside the European Union. All novel foods must undergo a food safety assessment before they can be traded within the EU – having been shown to be safe for consumption for at least 25 years.

Vietnam's agricultural products exported to the EU market are new foods including dried basil seeds and fruit-flavored soft drinks containing basil seeds; apple snail meat...

Regarding the dried basil seed product, Vietnam has received two warnings on the RASFF system for this product, with the reason being “unlicensed new food”. The “snail meat” product exported from Vietnam received a warning from the EU with the reason being “unlicensed new food”.

According to Regulation (EU) 2015/2283, snail meat belongs to the “traditional food from a third country” category, because it has been consumed in the Vietnamese market but not yet used in the European market. Snail meat needs to be registered for a license and undergo a food safety assessment process to be included in the European Union’s licensing list.

In addition, Regulation (EU) 1333/2008 of the European Union dated 16/12/2008 on food additives defined “food additives” as follows: “Food additives” are any substances which are not normally food and are not used as a main ingredient of food. Whether or not they have nutritional value, if they are intentionally added to food for technological purposes (such as production, processing, preservation, packaging, transport, etc.), they or their by-products may become part of the food, directly or indirectly.

– Can you share a specific story to note for businesses when exporting processed foods to this market?

Dr. Ngo Xuan Nam: Many food manufacturers, including those in Vietnam, use eggs in their breaded shrimp recipes. According to consumer habits and tastes in many markets, when processing breaded shrimp, manufacturers often add eggs to create a sticky layer.

Eggs help the batter adhere better to the shrimp, preventing the batter from falling off when frying. Eggs also help the breadcrumbs or tempura batter have a crispier texture. The light fatty taste of eggs helps the batter to be less bland, creating a delicious feeling. In addition, egg yolks help the batter have a more beautiful yellow color, while also keeping the batter moist, preventing the product from becoming dry and hard.

However, egg protein can be considered an allergen. In addition, eggs are also a product of animal origin, when present in a composite product exported to the EU market, they must comply with Regulation (EU) 2022/2292, effective from 15/12/2022. Breaded shrimp is also a composite product, because it contains flour (of plant origin) and has changed the characteristics of shrimp (of animal origin).

Currently, the EU only allows egg products from approved third countries to be exported to the EU (such as the United States, Japan, Brazil, etc.). Vietnam wants to export breaded shrimp products with eggs to the EU, it must use eggs originating from the above countries.

Another issue to note is that according to Article 21 of Regulation (EU) No. 1169/2011, eggs are included in the group of allergenic products and must be declared on the product label. If not, the European Union's Rapid Alert System for Food and Feed (RASFF) will issue a warning to the exporting country, along with the necessary measures.

Failure to declare or incorrect declaration of allergens can result in product recalls or import bans into the EU. In the past, there have been many cases of frozen breaded shrimp not declaring egg in the breading, leading to product recalls in Europe. This not only causes economic losses to businesses, but also the entire industry can be affected if the violation is repeated.

Businesses need to carefully study market regulations.

– EU regulations on food safety and animal and plant quarantine often change continuously. What recommendations do you have for businesses exporting to this market?

Dr. Ngo Xuan Nam: Regulations on food safety and animal and plant quarantine of the EU in particular and members of the World Trade Organization (WTO) in general often change, therefore, the Vietnam SPS Office recommends that businesses carefully study EU regulations, especially issues related to food safety, labeling, Regulation (EU) 1169/2011 on providing food information to consumers, as well as the very new Regulation (EU) 2022/2292 on composite products.

Before packaging for export, businesses must label the product fully and accurately, ensuring that all allergens contained in the product are clearly listed, helping consumers to identify and avoid them.

At the same time, strictly control quality through establishing quality control procedures to ensure there is no cross-contamination or omission in the declaration of allergens.

Strict compliance with regulations on allergen declaration, as well as origin requirements for synthetic products, not only helps businesses avoid legal risks but also enhances reputation and ensures consumer safety.

Thank you!

The EU regularly amends and supplements regulations and requirements for the import of agricultural, aquatic and food products. Recently, this market announced that it will apply for the first time the level of inorganic arsenic residue in fish and some aquatic products. Therefore, exporting enterprises need to proactively monitor and update information about the EU market, thereby having plans to adapt and adjust production accordingly.

Detailed information on EU regulations is updated on the website of the Vietnam SPS Office at: http://www.spsvietnam.gov.vn/ or businesses can send specific requests to the official mailbox: spsvietnam@mae.gov.vn for answers.

VPSA Information on the Application of US Duties on Pepper and Spices

 

VPSA Information on the Application of US Duties on Pepper and Spices

Faced with the possibility that the United States will impose tariffs on imported goods from Vietnam, including the Pepper and Spices industry, some US importers have asked Vietnamese export enterprises to delay delivery and not sign new contracts. Some other unrelated markets have also taken this opportunity to not sign new contracts to wait for prices to decrease if Vietnam is subject to tariffs. This has a direct impact on domestic production, causing Vietnamese export enterprises to potentially lose short-term liquidity, increase inventories, and suspend raw material purchases, leading to price decreases in recent days.

Faced with this situation, from April 5 to 7, 2025, the Vietnam Pepper and Spice Association (VPSA) attended 3 important meetings with the Prime Minister, Deputy Prime Minister and Minister of Agriculture and Environment. At the meeting, VPSA shared the following information and recommendations and proposals:

– Pepper and spices are essential and important commodities for the US food and beverage industry. The US does not have the natural conditions to cultivate these commodities, so Vietnam does not create any competition that affects the interests of US businesses in this industry group.

– The American Spice Trade Association (ASTA) has also made a recommendation to the US Government not to impose import taxes on pepper and spices because if imposed, it will create a significant financial burden for food manufacturers, restaurants and ultimately US consumers.

– Currently, there is no exact information on how much tax the US will impose on Pepper and Spices, except for a minimum of 10%. We recommend that your business be proactive in all situations in which you are subject to a minimum tax of 10% or a maximum of 46% as announced by the US Government from April 5, 2025.

VPSA's recommendation:

– Regarding the applicable tax rate of the United States: VPSA proposes to maintain the current tax rate (0%), if adjusted, it proposes a tax rate of 10% like Brazil (Vietnam's biggest direct competitor). The Vietnamese Government needs to negotiate to have a suitable tax rate and tax application roadmap for each item and propose that the United States postpone imposing taxes on Vietnam for at least 45 days as the Government has proposed.

– Regarding finance: Propose that the Government has appropriate financial policies and preferential interest rates specifically for agricultural products exported to the United States. Support the implementation of temporary credit packages, insurance against risks of delayed orders and contract extensions.

– Regarding logistics: Domestic logistics costs, especially road and refrigerated containers, are currently the highest in the ASEAN region, seriously affecting export price competitiveness. It is recommended that the Ministry of Agriculture and Environment coordinate with the Ministry of Transport and the Ministry of Industry and Trade to consider exempting or reducing storage costs and port infrastructure fees; and supporting domestic transportation costs during the time when businesses are affected by international political factors.

– Regarding raw material areas and social security: In the context of trade instability, it is necessary to have firm direction from the Ministry of Agriculture and Environment in coordination with local authorities and the Association to maintain stability in growing areas of pepper, cinnamon, star anise, etc. If there is no timely solution, farmers will reduce the area or spontaneously switch crops, causing loss of control over the supply chain in the medium and long term.

– Regarding businesses: Need to be more proactive and focus more on enhancing deep processing; gradually shift away from raw exports, diversify markets, reduce dependence on one large market, avoid being forced to pay higher prices at peak times. Make the production and supply chain transparent, avoid third countries using Vietnam as a place to avoid tariffs like before.

VPSA

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Trump's tax strategy will have global consequences

 

Trump's tax strategy will have global consequences

US President Donald Trump has just announced import tax rates for a series of economies, the lowest is 10%, the highest is 49%, and for Vietnam it is 46%.

On April 3, US President Donald Trump announced import tariffs on dozens of economies. According to the tariff table, the UK, Brazil, and Singapore will be subject to a 10% tax. The European Union, Malaysia, Japan, South Korea, and India will be subject to 20-26%. China and Vietnam are among the countries subject to the highest tariffs, at 34% and 46%, respectively.

According to Sky News, over the past decades, the issue of tariffs and trade policy has changed little. Trade is largely free and getting freer, taxes are getting lower and the world is increasingly globalized, the British news agency commented.

Developed economies such as the UK and the US have become increasingly dependent on cheap imports, while their manufacturing industries have simultaneously shrunk. This has affected many manufacturing regions in the US and UK.

Sky News suggests that, to some extent, this is where Mr Trump’s “Liberation Day” story begins, with the US president arguing that global free trade has a dark side that needs to be remedied with tariffs.

During his first term, Mr. Trump imposed tariffs on a number of Chinese goods such as steel and aluminum. However, those numbers are nothing compared to what the US President just announced early on March 4.

Since 1930, the United States has never raised tariffs on the world's economies so strongly. According to Sky News, at that time, the tax increase exacerbated the "Great Depression". The British news agency also affirmed that no one can predict the consequences of today's tax increase, but there will certainly be consequences.

“The consequences for globalization, for the US economy, for geopolitics,” Sky News analyzed. In addition, this policy will also affect financial markets, which have been in a state of concern for months related to tax issues.

But this story is not over, in the coming days we will learn more about this policy, such as retaliatory measures from other countries, Sky News added.

Washington is now imposing tariffs on all countries based on the principle of “reciprocity,” Mr. Trump declared, calling it an “economic independence day” for the U.S. The US president confirmed that a 25% global tariff on cars and trucks would take effect on April 3, while tariffs on imported auto parts would begin on May 3.

In a speech at the White House, Mr Trump complained that “none of our companies are allowed to come into other countries”. “That is why we will be imposing a 25% tariff on all foreign-made cars starting at midnight tonight,” he announced. Mr Trump claimed that the new tariffs would usher in a “golden age” for the country, adding that “jobs and factories will come back”.

Importers looking to bring goods into the US from other countries will now face tariffs of up to 54%, based on how the White House calculates US export duties, as well as non-currency trade barriers against countries accused of manipulating their currencies or being “pollution havens”.

The result is a new tariff list that would impose massive tariffs on trillions of dollars of trade. China, America’s largest trading partner, would be hit with a 54% tariff (an additional 34% on top of the current 20% tariff, for a total of 54%), the European Union (EU) would face a 20% tariff, India would be hit with a 26% tariff, Japan would face a 24% tariff, and many other countries would be on the list.

It remains unclear how Mr Trump and the White House calculated these figures. A document listing the tariffs only says that they include factors such as “currency manipulation and trade barriers”.

Mr Trump said Washington would impose “decent” tariffs on all countries, amounting to “about half” of what they tax the US.

“We will strengthen the domestic industrial base” and “break down” foreign trade barriers, he declared, noting that this would ultimately help consumers enjoy better prices.

“Our country and taxpayers have been ripped off for over 50 years, but that will stop,” Mr. Trump concluded, adding that “we will also put America first.”

 

According to Nongnghiep.vn

 

 

Pepper price today 4/4/2025: Brazilian black pepper price decreased

 Pepper price today 4/4/2025: Brazilian black pepper price decreased

Báo Nghệ An•04/04/2025

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Pepper price today April 4, 2025 in domestic market

Pepper prices today in some key growing areas remained unchanged compared to yesterday. Thereby, maintaining the domestic pepper price level at 157,000 VND/kg to 158,000 VND/kg.

In the Central Highlands region, pepper price today in Dak Lak remained unchanged compared to yesterday, currently at 158,000 VND/kg.

Pepper price today in Gia Lai is unchanged compared to yesterday, currently at 157,000 VND/kg.

Pepper price today in Dak Nong is unchanged compared to yesterday, currently at 158,000 VND/kg.

In the Southeast region, pepper price today in Ba Ria - Vung Tau is currently at 157,000 VND/kg, unchanged from yesterday. Dong Nai is unchanged from yesterday at 157,000/kg.

In addition, pepper price today in Binh Phuoc is unchanged compared to yesterday, currently at 158,000 VND/kg.

Currently, farmers in Gia Lai are actively harvesting pepper for the 2024-2025 crop year. Although domestic pepper prices are high, due to unfavorable weather, especially the prolonged cold spell during the flowering stage, productivity has decreased sharply, from 20% to 30% compared to the previous crop.

Gia Lai province currently has more than 7,500 hectares of pepper, mainly concentrated in districts such as Dak Doa, Chu Se, Chu Puh and Chu Prong. Vinh Linh pepper accounts for about 90% of the total area, the rest are Phu Quoc and Loc Ninh varieties. Of which, the pepper area currently being harvested is 6,157 hectares, with an average yield of about 3.5 dry tons/ha, for a total output of about 21,670 tons per year.

Gia Lai is also promoting the application of water-saving irrigation technology on more than 2,680 hectares and has 383 hectares of cultivation according to standards such as VietGAP, Organic and Rainforest. In the province, there are currently 5 facilities specializing in purchasing pepper and 9 facilities for preliminary processing and processing with a capacity of about 7,000 tons/year, meeting well the needs of processing and consumption.

In the Central Highlands and Southeast provinces, the harvest is being accelerated. Dak Nong has completed about 70% of the area, Dak Lak 40%, Lam Dong 60%. Provinces such as Gia Lai, Binh Phuoc, Dong Nai and Ba Ria - Vung Tau have also harvested about 50% of the area.

In Quang Tri, many farmers in districts such as Cam Lo and Vinh Linh are worried about crop losses due to massive pepper flower loss. The local agricultural sector identified the main cause as the prolonged cold and rainy season, which has resulted in low flower set rates, with many pepper gardens recording flower loss rates of up to 70-80%. In this situation, the agricultural sector recommends that people take proper care of their pepper gardens and promptly control pests and diseases to limit damage.

The decline in productivity this crop year has also been recorded in many localities such as Dong Nai, Gia Lai, Dak Lak and Ba Ria - Vung Tau. However, thanks to pepper prices increasing by more than VND10,000/kg compared to the beginning of the season, farmers are still optimistic.

In addition, this year the harvest is late, while many households have the mentality of keeping their goods and have more stable financial conditions, so they do not sell in bulk. This helps growers be more proactive in bringing goods to the market, creating stability for supply and selling prices.

Pepper price today 4/4 in the world market

In the world market, based on quotes from export enterprises and export prices in various countries, the International Pepper Community (IPC) has updated the prices of pepper of all types traded in the international market on April 1 (local time) as follows:

Indonesian Lampung black pepper prices remained stable compared to yesterday at USD 7,239/ton. In addition, Muntok white pepper prices remained stable compared to yesterday at USD 10,066/ton.

Brazilian black pepper ASTA 570 price decreased slightly compared to yesterday at 6,950 USD/ton (down 0.72%).

Malaysia's ASTA black pepper price remained unchanged from yesterday at $9,900/ton. Meanwhile, the country's ASTA white pepper price was also stable from yesterday at $12,400/ton.

Prices of all types of pepper in Vietnam remained stable compared to yesterday. Of which, the price of Vietnamese black pepper 500 gr/l reached 7,100 USD/ton; 550 gr/l reached 7,300 USD/ton.

Similarly, Vietnam's white pepper price remained unchanged from yesterday at $10,100/ton.

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Source: https://baonghean.vn/gia-tieu-hom-nay-4-4-2025-gia-tieu-den-brazil-giam-10294400.html

Invitation to attend the Vietnam - Russia Business Connection Program 2025

 

Invitation to attend the Vietnam - Russia Business Connection Program 2025

In order to promote trade and investment cooperation between Vietnam and the Russian Federation, the Department of Trade Promotion in coordination with the Russian Import-Export Association (AEI) organized the Vietnam - Russia Business Connection Conference (B2B Meeting 2025).

The event is within the framework of the implementation of the Intergovernmental Agreement on Comprehensive Strategic Partnership between Vietnam and Russia, creating conditions for businesses of the two countries to strengthen cooperation, expand markets and seek business partners.

1. PURPOSE

– Connecting businesses, exchanging market information, seeking cooperation opportunities

– Update trade, tariff, import-export policies between the two countries

– Support businesses in establishing commercial partnerships

2. EVENT CONTENT

Participants:

– Representative of the Russian Import-Export Association (AEI)

– Russian enterprises in the fields of: (i) Chemical industry, construction materials, ecological cleaning products; (ii) Food, pharmaceuticals, natural cosmetics; (iii) Refrigeration equipment, agricultural products, seafood, rubber, fast-moving consumer goods (FMCG)…

Items to be imported from Vietnam: (i)  Food, fast-moving consumer goods (FMCG), household chemicals; (ii) Coconut milk, frozen pureed fruit, coconut charcoal; (iii) Coffee, cocoa, seafood, cosmetics, car tires, rubber.

3. REGISTER TO ATTEND

The Department of Trade Promotion respectfully invites interested businesses to attend.

🔸 Time: 09:00 – 04/04/2025

🔸 Location: 12 Nguyen Thi Minh Khai, Ward Da Kao, District 1, Ho Chi Minh City

➡️ Registration information: https://shorturl.at/9LHYt

➡️ List of AEI delegations: https://shorturl.at/nMnpG

👉 For details, please contact: Mr. Truc: 090 3115880; Email: truchh@vietrade.gov.vn

According to Ministry of Industry and Trade

Accompanying businesses to respond to US tax policies

 

Accompanying businesses to respond to US tax policies

In difficulty, there is always a potential opportunity to restructure, upgrade the value chain and move towards a more modern agriculture on the global trade map.

In the context that Vietnamese enterprises and agricultural products are facing great challenges from the new tax policy announced by US President Donald Trump, Minister of Agriculture and Environment Do Duc Duy provided information on the situation and response solutions in the meeting on the afternoon of April 7 with associations and enterprises exporting goods to the US as well as receiving recommendations and proposals from enterprises.

Government efforts to respond

The Minister said that in recent days, the Party, State and Government have implemented many flexible solutions to respond to changes in US tax policy. Although ministries and sectors have prepared carefully and had contingency plans in advance, the announced high tax rate still surprised many businesses. In fact, even within the US, there are conflicting opinions about this policy, making future developments unpredictable.

Not only is it a matter of tariffs, this policy also involves factors such as the two-way trade gap, non-tariff taxes and many other factors that the United States has a very good understanding of. This has led to many US businesses and trading partners having to suspend or cancel contracts with Vietnam.

Although the Government has made every effort to provide support, Minister Do Duc Duy said that we must always prepare for the worst scenario, including discussions and persuasion with US representatives in Vietnam.

No confrontation, together to overcome difficulties

Faced with great challenges, the Government and ministries and branches have determined the guiding principles as: calm, flexible, close to reality, accompanying businesses and proactively negotiating.

"Vietnam's stance is not to confront, but to seek comprehensive, long-term solutions, with special attention paid to negotiations," the Minister affirmed.

The Government always stands side by side with businesses and will continue to listen and offer advice to find practical solutions. At the same time, solidarity and consensus for the common interests of the industry community and the country will be the decisive factor in this difficult period.

In negotiations with the United States, we need to promote the existing advantages of Vietnamese agricultural products: good quality, competitive prices, not directly competing with US domestic production, and many items have no alternatives.

In addition, it is necessary to see challenges as opportunities to restructure production, industries and export markets. This is the right time to promote the development of high value-added products, towards a more sustainable and high-quality production model. The United States is still one of the large, potential and high-profit markets for Vietnamese agricultural products.

The Minister said that the Ministry of Agriculture and Environment has and will continue to implement solutions previously directed by the Government. In particular, negotiations with US partners such as the US Department of Agriculture and the US Embassy in Vietnam will be strongly promoted, in order to have a common voice with the US Government.

In particular, the Ministry will direct localities, businesses and farmers to maintain production plans without changes during this time. At the same time, it will support businesses in finding alternative markets and continue to record recommendations from businesses and associations to propose to the Government.

In addition, the Ministry will also review technical barriers to both the export and import of agricultural products, especially agricultural products from the United States. The Ministry will also coordinate with businesses to research and develop industries that produce agricultural inputs, such as animal feed and pesticides, to reduce input costs. At the same time, it will encourage deep processing, restructuring production, improving storage capacity, and increasing the competitiveness of goods.

Turn challenges into opportunities

In addition to long-term solutions, the Minister also acknowledged important recommendations from businesses and associations. These opinions will be received and considered for early implementation by the Ministry of Agriculture and Environment, such as: separate negotiations on agricultural tax packages with the United States, which have been initially discussed with the Government and the working group of Deputy Prime Minister Ho Duc Phoc.

Study the possibility of shifting the production chain, for example importing logs from the US, processing domestically, and exporting to China.

Review export taxes on agricultural, forestry and fishery products to markets outside the United States to ensure harmonization of interests.

Propose to the Ministry of Finance to shorten the VAT refund period, creating favorable cash flow for businesses.

Proposing to redefine the concept of "preliminary processing" for exported aquatic products, to ensure preferential tax policies, VASEP has committed to sending an official document soon.

Promote reduction of logistics costs, support businesses in transportation, storage and preservation of goods

Propose a comprehensive support package in case negotiations do not achieve positive results, including credit support, land rent exemption and reduction, tax payment extension, support for farmers in production and cultivation, and establishment of a Technology Development Fund for agricultural production.

The Minister requested that businesses and associations promptly complete petition documents and send them to the Ministry for synthesis and reporting to the Government in a systematic, synchronous and legally-based manner.

Despite facing great difficulties, the message from the Government is clear: not to be passive, not to be drawn into confrontation, but always ready to act with a proactive, responsible and courageous spirit.

With the determination and consensus of all levels, sectors and the business community, the leaders of the agricultural and environmental sectors believe that all will overcome this difficulty, maintain the market and develop sustainably in the future.

According to Nongnghiep.vn

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