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Saturday, June 22, 2024

Vietnam seeks contractors for national rice reserves

The Saigon Times

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HCMC – The General Department of State Reserves has said contractors would be selected for 196 rice storage bidding packages for the national reserves this year.

The General Department has tasked 22 regional state reserve departments in the country to invite tenders for a total of 220,000 tons of rice for the country’s rice reserves.

Bidding is set to begin this month, with a submission deadline scheduled at 9:00 a.m. on May 2. The bid opening session must wrap up within two hours from the submission deadline.

Under a domestic and online bidding format, the contractor selection will use the one-phase and one-envelope method.

The bidding packages include a 5% value-added tax (VAT) and cover both packaging and delivery to the designated warehouses of the regional state reserve departments, as per Directive No. 164/QD-TCDT issued by the General Department of State Reserves.

Should market fluctuations influence rice prices, the regional state reserve departments must promptly notify the General Department of State Reserves, ensuring rice prices match current market levels and comply with the price cap imposed by the Ministry of Finance.

The reserved rice is required to meet quality standards, including being long-grain, 15% broken, and domestically sourced from the 2024 winter-spring crop in southern Vietnam.

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