Vietnam and Philippines agree to establish rice industry alliance

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 to an investment partnership in the rice industry.

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