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However, given the fierce price competition with traditional rice exporters like
Thailand and India, the ministry urged domestic firms to foster cooperation and
connectivity with cooperatives and major farming households to minimise
intermediate stages, thus cutting costs and enhancing competitiveness.
At the same time, exporters should study and observe relevant regulations set by
the Philippines, including those on customs declaration, the ministry said,
noting that they should negotiate and sign contracts with only businesses that
have been granted with the Sanitary Phytosanitary Import Clearance (SPS-IC) by
the Philippine Department of Agriculture.
They also need to keep updated on the market, as the tariff cut under the
Philippine President's order can be changed anytime, and draw up plans to
prevent business risks, while stepping up inspections and supervisions over rice
quality to absolutely ensure the prestige of Vietnamese rice, the ministry
suggested.
Earlier, in an executive order, Philippines President Rodrigo Duterte cut the
Most Favoured Nation (MFN) tariff rates on rice to 35 percent from 40 percent
for in-quota purchases and 50 percent for out-quota volume for one year.
According to the General Department of Vietnam Customs, in the first four months
of this year, Vietnam shipped over 715,000 tonnes of rice valued at some 380
million USD to the Philippines, accounting for 36.27 percent of the total
exported rice.
Source: VNA
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