Attract and create opportunities for many import businesses of ...

For Vietnam, the Philippines is an important traditional rice export market. In the period of 2021 - 2023, the volume and value of Vietnam's rice exports to the Philippine market always accounted for over 40% to nearly 45% in volume and value of Vietnam's total volume and total rice export value worldwide . From 2022, Vietnam's rice exports to the Philippine market will reach over 3 million tons annually, specifically, in 2022 it will reach 3.214 million tons, in 2023 it will reach 3.150 million tons and it is forecasted that in 2024 it will reach over 3.5 million tons.

Carrying out tasks within the framework of the National Trade Promotion Program, on November 5, 2024, the Vietnam Food Association chaired the 2024 Rice Trade Promotion Conference and Customer Appreciation at Diamond Hotel, Manila, Philippines to create opportunities for businesses on both sides to find partners in rice trade.

Recognizing the importance of the event, the Philippine Department of Agriculture sent Mr. Roger V. Navarro, Undersecretary for Joint Operations and Mechanization of Aquaculture and Fisheries, and representatives of agencies under the Department of Agriculture to attend. In his welcoming speech, Mr. Roger V. Navarro emphasized the importance of rice trade between the two countries, welcomed Vietnam for organizing a meaningful conference, and encouraged businesses from both sides to take advantage of this opportunity to continue to strengthen, build and establish traditional and strong trading relationships.

Mr. Roger V. Navarro (middle, blue shirt) - Undersecretary of the Philippine Department of Agriculture attended the conference and took a photo with the delegation.

On behalf of Vietnam, Mr. Tran Quoc Toan, Deputy Director of the Import-Export Department, Ministry of Industry and Trade, emphasized that Vietnam and the Philippines are both important trade partners in Southeast Asia. Currently, the Philippines is the 6th largest trade partner in ASEAN and the 16th largest in the world of Vietnam and continues to be the largest rice import market of Vietnam. Contributing significantly to this result is the rice trade activities between the two countries. Over the years, Vietnam and the Philippines have built a good cooperative relationship in the field of rice trade. Vietnam always attaches importance to the Philippine market, considering the Philippines as its most traditional and trustworthy partner. In order to contribute to the continued development of the deep and strong bilateral relationship between the two countries, creating a framework for long-term and sustainable rice trade cooperation, ensuring the common interests of both sides, in January 2024, the Minister of Industry and Trade of Vietnam and the Minister of Agriculture of the Philippines jointly signed a Memorandum of Understanding on rice trade cooperation between the two countries.

Mr. Do Ha Nam, Vice President of the Vietnam Food Association, in his welcoming speech, also emphasized that with the desire to maintain, strengthen and continue to develop the traditional trade relationship between the two countries to a new level, through the conference, he hopes that Vietnamese rice exporters will have more opportunities to learn about the rice consumption needs of the Filipino people in many different segments. From there, Vietnamese rice exporting enterprises can build rice material areas and produce rice products that meet the needs, characteristics and specific requirements of the Philippine market with stable quality, suitable prices and ensure long-term supply.

Representatives of the Crop Production and National Food Authority of the Department of Agriculture of the Philippines attended the conference and took a photo with the delegation.

There were over 20 reputable rice exporting enterprises who are members of the Vietnam Food Association participating in the exhibition, promotion and introduction of rice products and some other agricultural products at the conference. The conference also attracted representatives of over 70 interested Philippine enterprises to participate. The total number of delegates attending the conference was over 160 delegates. The conference is an opportunity for enterprises of the two countries to directly meet and exchange information, learn about needs and find effective partners.

Vietnamese rice and paddy plants displayed for promotion and introduction at the conference

Source: https://moit.gov.vn/tin-tuc/thi-truong-nuoc-ngoai/hoi-nghi-xuc-tien-thuong-mai-gao-thu-hut-va-tao-co-hoi-cho-nhieu-doanh-nghiep-nhap-khau-cua-philippines.html