Vietnamese businesses have won a bid to export 500,000 tonnes of rice to the Philippines , according to Vietnam Food Association President Truong Thanh Phong.

The rice will be delivered between December 2013 and March 2014.

Vietnam has shipped 350,000 tonnes of rice to the Philippines so far this year.

As of Nov. 21, the country exported 5.93 million tonnes of rice worth 2.548 billion USD (FOB). In particular, the export of fragrant rice is expected to reach 700,000-800,000 tonnes, up 70 percent from the figure of last year.-VNA