From the beginning of July 2026, the Law on National Reserves officially takes effect. This Law stipulates the formation, management, use of national reserves and state management of national reserves.
Notably, this Law devotes 1 Chapter to the management and use of national reserves.
In which, it clearly stipulates the authority to decide on importing and exporting national reserves of the Minister of Finance.
The Ministry of Finance's decision to import national reserves in situations such as: Importing national reserves contributed voluntarily by organizations and individuals to the State to achieve national reserve goals; when market prices and goods sources increase or decrease sharply.
The Minister of Finance has the authority to export national reserves in situations such as: Serving the activities of the Party and the State; when market prices and commodity sources increase or decrease sharply.
Or exporting national reserves in cases where they are not yet in the plan or outside the prescribed situation; Ministries and ministerial-level agencies assigned to manage national reserves do not have or do not have enough national reserves to be issued according to the prescribed objectives.
The Government details the authority to decide on import and export of national reserves of the Minister of Finance.
This Law also stipulates the authority to decide on import and export of national reserves of Ministers and Heads of ministerial-level agencies managing national reserves.
Accordingly, importing national reserve goods in situations such as importing national reserve goods according to the national reserve goods plan; importing national reserve goods according to the decision of the Minister of Finance according to regulations.
Or importing national reserves for the quantity of goods when actual inventory is greater than the accounting book.
And export of national reserve goods in the following situations: export of national reserve goods according to the national reserve goods plan; export of national reserve goods in unexpected and urgent situations specified in this Law; export of destroyed national reserve goods.
Ministers and Heads of ministerial-level agencies managing national reserves have the authority to transfer internal national reserves in the following cases:
Ensuring safety, meeting warehousing conditions, preserving national reserves; leaving areas affected by natural disasters, fires or unsafety; going to necessary places to be ready to serve arising tasks, serving the activities of the Party and the State; due to the necessary requirements of inventory, handover, inspection, and investigation work.
In addition, the decision to temporarily export national reserves to achieve the objectives specified in this Law. After completing the task, it must be recovered or issued, sold and be responsible for its decision.
The Government shall specify the above contents; stipulate the contents, order, and procedures for deciding on import, export, temporary export, and recovery of national reserves.
