Philippines spends $1.2B on Vietnamese rice in H1

[Starmix]

Rice was the Vietnamese product with the highest export value to Philippines in the first six months of 2024, with a turnover of $1.2 billion, up 41% over the same period last year.
Vietnamese rice has been leading the market in the Philippines, Vietnam's largest rice export partner for many years, according to data from the Vietnam Trade Office in the Philippines.

In June, the Philippines reduced rice import tax from 35% to 15% until 2028, and is expected to increase import volume from 4 million to 4.5 million tons. The Vietnam Trade Office in the Philippines recommends that businesses need to balance costs to offer competitive prices and maintain market share.

At the same time, the Ministry of Industry and Trade, the Embassy and the Vietnam Trade Office will also support businesses in trade promotion activities, advertising and improving product quality to increase export value, it said.

The brand of rice that Ph imports from Vietnam is Young Chow and this is a sticky rice Filipinos like to eat. The imported rice is much cheaper than the rice produced in the Philippines.

Report credit to: VN EXPRESS

 

[Augusta]

Vietnamese rice has been leading the market. Well, it is good and affordable then there's no issues

 

[Starmix]

Vietnamese rice has been leading the market. Well, it is good and affordable then there's no issues

The sacks of rice from Vietnam are not cheap. It costs $ 1.02 per kilo. That is what I buy, The rice from that country is sticky rice. I like to eat sticky rice I buy 10 kilos good for one month of consumption for three eaters.

 

[Augusta]

Well, it isn't bad if they are worth it. I like to buy good rice though it might not be affordable but they are good

 

[Starmix]

There are also times I buy red rice but I will no longer buy. My sister said that she experiences constipation every time she eats red rice.