Vietnam’s rice link bet88 remain Philippines' main import source

Vietnamese rice will continue link bet88 be the primary import source of the Philippines in 2025 and beyond, according link bet88 Mr. Phung Van Thanh, Commercial Counselor at the Vietnam Trade Office in the Philippines.

In 2025, the Philippines' demand for imported rice is expected link bet88 remain high, projected at approximately 4.92 million tons, with the possibility of surpassing 5 million tons.

Policy measures implemented by the Philippine government link bet88 reduce retail rice prices may introduce uncertainty or lead link bet88 lower-than-expected profit margins for rice importers, potentially affecting Vietnam's exports. However, in reality, the Philippines' reliance on imported rice is unlikely link bet88 decrease in the near future. The country faces limitations in significantly expanding domestic paddy production within a short timeframe link bet88 meet growing demand.

According link bet88 Mr. Thanh, compared link bet88 other rice-exporting countries such as India, Pakistan, Thailand, and Japan, Vietnam retains a competitive edge in the Philippine market. Whether by necessity or strategic choice, the Philippines will continue link bet88 depend on Vietnam's rice supply in the foreseeable future.

Recent data from the Vietnam Trade Office in the Philippines indicates that Vietnam holds a dominant share in the Philippines's rice market,ranging from 80% link bet88 85%. Thailand accounts for approximately 10%, while the remainder is sourced from India, Pakistan, Bangladesh, Japan, and other nations.

Nonetheless, the possibility of the Philippines diversifying its supply sources link bet88 reduce its reliance on Vietnam cannot be ruled out.

"Therefore, while exploring new opportunities in emerging markets, Vietnamese rice-exporting businesses must also prioritize securing and maintaining Vietnam's leading position in the Philippine rice market," Mr. Thanh emphasized.

link bet88 strengthen Vietnam's presence in the Philippine market, rice exporters from Vietnam should continue collaborating with the Ministry of Industry and Trade and the Vietnam Trade Office in the Philippines. Efforts should focus on promotional programs, communication strategies, and advertising campaigns link bet88 enhance the visibility and competitiveness of Vietnamese rice.