Vietnam, Philippines agree to establish a rice industry alliance

Rice packs loaded for export. The Philippines is the largest market for Vietnam, accounting for 35-40 per cent of the country’s total exports. - Photo: VNA/VNS

HANOI: Agriculture ministers of Vietnam and the Philippines have agreed to establish a rice industry alliance between the two countries and upgrade the trade relationship into an investment partnership in the rice industry.

During a talk on Tuesday (July 9) in Hanoi Le Minh Hoan, Vietnamese Minister of Agriculture and Rural Development, said that the Philippines is the largest rice export of Vietnam, accounting for 35-40 per cent of the country’s total exports.