Currently, the Ministry of Industry and Trade has drafted a Submission to the Prime Minister, Deputy Prime Minister in charge and related documents on the establishment of the National Rice Council; on August 1, 2024, the Ministry of Industry and Trade issued Official Dispatch No. 5017/BCT-XNK to ministries, branches, localities, and associations to seek opinions before reporting to the Prime Minister and Deputy Prime Minister in charge. Some specific contents are as follows:

The Council members include 1 Chairman of the Council: Deputy Prime Minister; 2 permanent Vice Chairmen of the Council are the Minister of Industry and Trade and the Minister of Agriculture and Rural Development; Council members are representatives of the leaders of the Ministries: Natural Resources and Environment, Planning and Investment, Finance, Science and Technology, Foreign Affairs; representatives of the leaders of the People's Committees of some localities.

In terms of function, the Council is an inter-sectoral coordination organization that advises the Prime Minister on research, direction, and coordination to resolve important inter-sectoral issues related to the development of the rice industry.

The Council is responsible for researching and proposing to the Government and the Prime Minister policies, strategies, mechanisms and policies to create a transparent and effective legal environment, ensure market stability and development, promote comprehensive and effective development of the rice industry, contribute to ensuring social welfare and national food security, develop production and export towards sustainable goals.

Research, advise, recommend, and propose to the Prime Minister directions and solutions to solve important, inter-sectoral issues in the development and implementation of policies, strategies, mechanisms, and policies to promote the development of the rice industry.

Assist the Prime Minister in directing and coordinating ministries, ministerial-level agencies, government agencies, provincial and municipal People's Committees, and relevant agencies and organizations in resolving important, inter-sectoral issues in the development of the rice industry.

Assist the Government and the Prime Minister in coordinating, urging, and inspecting the implementation of inter-sectoral strategies, programs, mechanisms, policies, and projects on rice.

Provide opinions on strategies, programs, mechanisms, policies... related to the rice industry under the decision-making authority of the Government and Prime Minister.

Closely coordinate with ministries and branches to collect information, analyze and evaluate the production and export situation of rice industry.