JavaScript is off. Please enable to view full site.

Vietnam eager to supply rice to Philippines at reasonable prices: PM

Vietnam eager to supply rice to Philippines at reasonable prices: PM

Thursday, May 11, 2023, 18:04 GMT+7
Vietnam eager to supply rice to Philippines at reasonable prices: PM
Vietnamese Prime Minister Pham Minh Chinh (R) shakes hands with the Philippines’ President Ferdinand Marcos Jr. in Indonesia on May 10, 2023. Photo: Vietnam News Agency

Vietnam is willing to provide the Philippines with rice at reasonable prices, Vietnamese Prime Minister Pham Minh Chinh said at a meeting with the latter’s President Ferdinand Marcos Jr. in Indonesia on Wednesday on the sidelines of the 42nd ASEAN Summit.

Vietnam’s long-term and stable rice supply to the Philippines will help the latter guarantee food security, said the Vietnamese government leader.

Philippine President Marcos Jr. appreciated Vietnam’s goodwill, affirming that Vietnam is one of the Philippines’ key partners.

The top Philippine official hoped that the two nations would promote the role of private firms in economic and investment cooperation.

The two leaders were also determined to increase two-way trade to VND233.8 trillion (US$10 billion) by opening the doors to various products, including farm produce and food, from the two countries.

Apart from eyeing a stronger exchange of high-ranking delegations, the representatives of the two nations reached a consensus on deeper collaboration in potential fields such as agriculture, hi-tech, tourism, a sea-based economy, and education.

Philippine President Marcos Jr. said that he expected to visit Vietnam this year to deepen the two nations’ relations.

In mid-April, the National Food Authority of the Philippines proposed importing 330,000 tonnes of rice to make up for the potential deficit in the country’s buffer stock.

President Marcos Jr.’s government has taken drastic action to control inflation and lower rice prices.

In addition to extending its preferential import tax policy until the end of the year, the Philippines has ramped up its purchase of rice from other nations, including Vietnam, which is currently one of the former’s biggest rice suppliers.

Statistics from the General Department of Vietnam Customs indicated that in the first quarter of 2023, the Philippines imported rice worth VND10.5 trillion ($450 million) from Vietnam, accounting for over 45 percent of the latter’s total rice export value and soaring nearly 45 percent year on year.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Tieu Bac - Duy Linh / Tuoi Tre News

More

Read more

;

Photos

VIDEOS

‘Taste of Australia’ gala dinner held in Ho Chi Minh City after 2-year hiatus

Taste of Australia Gala Reception has returned to the Park Hyatt Hotel in Ho Chi Minh City's District 1 after a two-year hiatus due to the COVID-19 pandemic

Vietnamese woman gives unconditional love to hundreds of adopted children

Despite her own immense hardship, she has taken in and cared for hundreds of orphans over the past three decades.

Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Latest news