At present, Vietnam exports mobile phones, electronics, rice, cement, coffee, pepper, cashew nuts, footwear, frozen seafood, animal feeds, chemicals, and steel to the Philippines. (Pexels Photo)
MANILA – Hanoi seeks to enhance trade and economic relations with the Philippines as it brings Vietnamese companies, including suppliers of rice, coffee, and other goods to Manila.
In a business matching event on Friday, Vietnam Ministry of Industry and Trade Deputy Director General Nguyên Phúc Nam said Hanoi is “willing and ready” to supply products with competitive price that meets the needs of the Philippines.
At present, Vietnam exports mobile phones, electronics, rice, cement, coffee, pepper, cashew nuts, footwear, frozen seafood, animal feeds, chemicals, and steel to the Philippines.
Bilateral trade between the two states reached USD7.8. billion in 2022, higher by 14.7 percent compared to 2021, with Vietnam’s export pegged at USD5.1 billion and import at USD2.7 billion.
“Vietnam is willing and ready to supply products of top quality and with competitive price that well meet the needs of the Filippino consumers and businesses,” Nam said.
“Vice versa, Vietnam welcomes the imports into Vietnam of the advantageous export products of the Philippines such as electronics, seafood, minerals, phamarceuticals, electric cables, chemicals, metals, tobacco materals, etc,” he added.
Hanoi, he noted, also wants to gain access to the Philippine market for fresh Vietnamese fruits and meat products.
“So far, the Philippines is the only country in ASEAN (Association of Southeast Asian Nation) that does not grant import permit for Vietnamese fresh fruit and animal meat products and vice versa, Vietnam also does not grant import permit for the (same) Filipino products,” he said in a separate interview.
“We think there’s great potential for strengthening our cooperation in this area, we can cooperate and accelerate the application and import risk analysis in order to soon grant the permits,” he added.
Apart from trade, he said the investment is yet another promising area for the two states.
“I want to emphasize that the prospect for our trade and investment cooperation is very bright. The opportunities are not only restricted to our bilateral trade which target only at our domestic market. I think it goes beyond that,” he said.
Nam said the Philippines is a “highly promising market” for Vietnamese investors, particularly those in seafood processing and agribusiness, furniture, mining, renewable energy, tourism, and education sectors.
PBBM’s pro-poor EO 34 crucial in addressing housing woes – DHSUD
BI: More undercover police presence vs. human trafficking needed
Your email address will not be published. Required fields are marked *

How society thinks or perceives is based largely on what journalists, columnists, writers, authors, speech-writers and bloggers write. It’s often…
I can’t stress enough how much our world needs strong women. A tribe of strong women creates a better world…
Job interviews are like first dates — good first impressions count, awkwardness can occur, and outcomes are unpredictable. There’s no…
Twenty three years ago in Manila, Maria told herself: “Just breathe woman. This is just a chapter, it’s not your…
Decades before Catriona Gray’s famous “lava walk” and “slow-mo twirl”, there was the renowned and legendary “Anna Bayle walk” (pronounced…
The only reason I was glued to Gwyneth Paltrow’s recent Utah courtroom ski dispute was due to the fact that…
You and your partner have been together for a long time. A real long time. Maybe even far too long….
Indeed, spring has sprung! And we all know what that means: it’s time for spring cleaning! It’s time to get…
My husband and I are always on the lookout for a truly standout dining experience every weekend. We are both…
The colours that we choose to wear in our daily lives evoke our feelings and convey our characters. For example,…