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More opportunities for rice exports to the Philippines

by VTV413 May 2019 Last updated at 14:00 PM

VTV.vn - Recently, the Philippines officially passed an act that will completely eliminate regulations on rice import quotas and will allow a switch to a special safeguard tax.

Due to the Philippines being a major importer of Vietnamese rice, this new policy will have a big impact on domestic rice export activities.

Over 2 million tons of Vietnamese rice was exported to the Philippines in the first 4 months of 2019, accounting for 38% of total rice exports. For the first time in a number of years, the Phillippines has become the leading importer of Vietnamese rice. In order to gain a better position in this market, improving rice quality and offering more competitive prices will be essential.

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