Hanoi (VNA) – Vietnam is stepping up coordination with the Philippines to address issues in bilateral rice trade, particularly an ongoing safeguard investigation into imported rice, while seeking to strengthen a stable and sustainable rice supply chain between the two countries.
As part of these efforts, an inter-sectoral delegation led by Deputy Minister of Industry and Trade Nguyen Sinh Nhat Tan worked with Philippine authorities from August 19-21 to exchange views on the investigation, resolve trade-related difficulties and promote the implementation of bilateral cooperation agreements on rice.
The delegation included representatives from the Ministry of Industry and Trade (MoIT), the Ministry of Agriculture and Environment, the Ministry of Foreign Affairs, the Vietnamese Embassy and Trade Office in the Philippines, and the Vietnam Food Association (VFA). They held working sessions with the Philippine Department of Trade and Industry (DTI), Department of Foreign Affairs (DFA), Tariff Commission (TC) and Department of Agriculture (DA).
At the meeting with the DTI, both sides affirmed the importance of the Enhanced Strategic Partnership between Vietnam and the Philippines and the role of rice trade in bilateral economic ties. The Philippine side recognised Vietnam as a stable and reliable rice supplier that contributes significantly to food security and domestic market stability, according to the MoIT.
The two sides agreed to continue close coordination to effectively implement the Memorandum of Understanding (MoU) on rice trade cooperation, maintain stable supply chains and balance the interests of farmers, businesses and consumers in both countries.
Regarding the safeguard investigation, the DTI said the TC is conducting the investigation under a quasi-judicial mechanism. The DTI and relevant agencies will continue to monitor and coordinate the process to ensure that it is objective and transparent and complies with World Trade Organisation (WTO) rules and the ASEAN Trade in Goods Agreement (ATIGA). Both sides also agreed to maintain regular information exchanges to minimise any adverse impacts on bilateral rice trade. The Philippines took note of Vietnam’s proposal to upgrade the existing rice trade MoU or establish a more legally binding and stable cooperation framework to ensure smooth rice trade in line with international rules and market conditions.
The two sides also discussed cooperation in other economic areas, including energy investment and infrastructure development. The DTI expressed appreciation for Vietnam’s active support for the Philippines’ process of applying for joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Vietnam, meanwhile, said it would discuss with relevant ministries and agencies a Philippine proposal concerning market access for e-cigarettes and heated tobacco products.
At the meeting with the TC, the Vietnamese delegation presented key views, information and arguments contained in its comments submitted to the commission on the safeguard investigation.
Vietnam asked the TC to assess the case in the broader context of the Philippine rice market and the government’s import policies, including lower import tariffs and the issuance of sanitary and phytosanitary import clearance (SPS-IC). Vietnam also stressed the role of imported rice in ensuring supply, stabilising prices and safeguarding food security, as well as the potential impacts of safeguard measures on Philippine businesses and consumers.
The TC praised the Vietnamese Government, the VFA and relevant businesses for facilitating the investigation.
The Philippine side reaffirmed that the investigation would be conducted fairly, objectively and transparently in accordance with WTO and ATIGA rules. It also pledged to fully consider information, arguments and evidence submitted by relevant parties before making its final recommendation.
The TC asked Vietnamese ministries and agencies, the VFA and businesses to continue participating actively in a public hearing scheduled for September 2026.
At the meeting with the Philippine DA, the two sides discussed the implementation of the MoU on rice trade cooperation, measures to facilitate rice imports and exports, and orientations for future cooperation. The Philippine side again spoke highly of the important role of Vietnamese rice in ensuring supply and stabilising its domestic market. Despite its policy of diversifying import sources, it said Vietnam remains a stable major supplier, with Vietnamese rice valued by importers and consumers for its consistent quality and suitability to local preferences.
Vietnam proposed studying a higher-level cooperation framework on rice trade to provide a more stable and long-term foundation for bilateral rice trade while balancing the interests of farmers, businesses and consumers, and providing sustainable livelihoods for rice growers and stable living conditions for Philippine consumers. The Philippine side took note of the proposal and said it would study it.
On August 21, the VFA also met with the Philippine Rice Industry Association (PRIA) to discuss market developments, expected import demand and difficulties arising during the implementation of commercial contracts.
The two sides agreed to strengthen information sharing, support business-to-business connections and coordinate in addressing arising difficulties, contributing to stable, sustainable and mutually beneficial rice trade between Vietnam and the Philippines./.
See more
Four major railway development projects call for foreign investment in 2026-2030
The four projects require a combined capital of over 445 trillion VND (approximately 17 billion USD). All are structured under the public-private partnership (PPP) model, with individual investment thresholds starting from nearly 25 trillion VND.
Argentina seeks to boost trade, investment ties with Vietnam
The Argentina–Vietnam relationship is suggested to go beyond the mere exchange of goods to build joint value chains, promote investments, and facilitate access to new markets.
Legal transparency key to making VIFC more attractive: experts
Dominic Scriven, Chairman and Founder of Dragon Capital, said legal clarity, consistency and predictability are essential to strengthening investor confidence, enabling long-term business planning and encouraging firm capital commitments to Vietnam.
Vietnam proposes four strategic cooperation directions at APEC Food Security Ministerial Meeting
Vietnam’s proposals at the 11th APEC Food Security Ministerial Meeting, which took place in Hangzhou, China received broad support and consensus from participating economies. Several members expressed their desire to work with Vietnam to further build consensus, with a view to ensuring that the APEC Food Security Ministerial Meeting in Vietnam in 2027 will produce a shared vision and a substantive action programme.
Ho Chi Minh City's industrial investment attraction surpasses 2026 target
HEPZA said foreign direct investment (FDI) channeled into 87 newly licensed and 105 existing projects stood at over 3.16 billion USD and 878.42 million USD, respectively, surpassing 4.04 billion USD in total.
Breakthrough opportunities for businesses in digital economy
Only when businesses view digital transformation as a fundamental change in their business models, while the State provides an enabling framework, data infrastructure and sufficiently broad markets for innovation, can the digital economy become a substantive growth driver.
Vietnam leans on digital workforce to unlock productivity boom
Vietnam needs a cohesive national strategy linking the State, enterprises, and training establishments. The strategy must prioritise standardising training to international norms and investing in technological infrastructure to boost national productivity.
Reference exchange rate slightly falls on August 26
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,892 VND/USD, and the floor rate 24,330 VND/USD.
Bank credit for real estate business rises to nearly 94.7 billion USD
Outstanding loans for urban area investment and housing development projects remained the largest category, reaching 833.6 trillion VND by the end of June, up 6.33% from the end of March.
Stronger supply chains, transparent origin key to sustainable Vietnam-US trade
Despite fluctuations in trade and tariff policies, Vietnam remains a strategic source for US importers thanks to its diverse production capacity, competitive costs and deeper integration into global supply chains.
Vietnam directs more credit to SMEs
With deposit rates still relatively high, banks’ room to cut lending rates sharply is limited. Lenders must stay efficient and cannot fund at high cost while lending at very low rates.
Can Tho city aims to expand agricultural and aquaculture trade with Côte d’Ivoire
Can Tho is committed to creating a favourable, safe and transparent environment for Ivorian businesses, investors and partners to explore opportunities for cooperation and investment.
Chinese firms praise Vietnam’s investment environment
Vietnam’s political stability, fast-growing economy, and increasing focus on science and technology, with many policies that promote the sector’s growth, create ideal conditions for Chinese tech firms looking to invest and expand in the country.
New development model expected to unlock resources for Hanoi businesses
For Hanoi, which targets average GRDP growth of at least 11% annually from 2026 to 2030, unlocking resources and improving their allocation will be crucial to enabling businesses, particularly small- and medium-sized enterprises (SMEs), to create more jobs and added value.
SMEs must become solid foundation, steady pipeline for larger enterprises: PM
PM Le Minh Hung said SMEs must nurture greater ambitions and proactively upgrade themselves, advising them to make science and technology, innovation, digital and green transformation, and high-quality human resources key drivers of productivity.
FDI businesses look for deeper administrative reforms
While appreciating the progress, FDI firms said the next stage of reforms should go beyond putting procedures online. They want administrative processes to be simplified on digital platforms, data systems to be better connected, information to be provided only once and regulations to be applied consistently.
Vietnam witnesses surge in Singapore investment inflows
The strong investment flow reflects not only the potential of the Vietnamese market but also the close bilateral relationship, particularly since the two countries upgraded ties to a Comprehensive Strategic Partnership in March 2025.
Vu Lan market sees strong demand for vegetarian offerings, online services
To prepare for the occasion, markets and food shops across Hanoi have increased supplies of fruits, flowers, meat, sticky rice, sweets and vegetarian food for the occasion. Prices of some items have edged up as demand rises, but no shortages have been reported.
Refrence exchange rate up 15 VND on August 25
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,896 VND/USD, and the floor rate 24,334 VND/USD.
Mariculture – new growth driver for Vietnam’s ocean economy
Resolution No 20-NQ/TW on building and developing Vietnam into a strong maritime nation identifies marine farming as a new pillar of the marine economy. It targets mariculture production value growing by an average of around 8% annually and accounting for 15% of the total fisheries sector value.