Topic: Philippines

Vietnamese rice accounted for nearly 80 per cent of the Philippines' total rice import after 10 months of 2024.

Vietnamese rice accounts for over 80 per cent of the Philippines’ total rice imports.

Ample space remains for two sides to expand existing bilateral cooperation, PM tells meeting with visiting Philippine President.

Priority to go to high-quality aquaculture, food quality, and trade of farm produce.

Philippine President Ferdinand Romualdez Marcos Jr. is paying a State visit to Vietnam.

The Philippines’ Department of Industry and Trade (DTI) has decided not to impose safeguard duties on High-Density Polyethylene (HDPE) from Vietnam because the latter is a developing country with a negligible volume of imports to the Philippines, at less than 3 per cent of the total. The DTI also decided previously not to apply safeguard duties on Linear Low-Density Polyethylene (LLDPE).

As of the end of June, Vietnam had exported 1.6 million tons of rice to the Philippines, or nearly half of its total rice exports, earning $760 million in revenue. It is forecast that such exports will continue to increase, as the demand for rice in the Philippines is rising.