Vietnamese private rice exporters can bid for Philippines shipments
Announcement was made by the Viet Nam Food Association (VFA) that Vietnamese private rice exporters will be allowed to participate in the bidding for the supply rice to Philippines.
This is the first time that the Philippines’ National Food Authority (NFA) will open bidding for private suppliers from participating countries, instead of limiting the bidders to government counterparts.
According to VFA, in previous years, NFA’s auctions for rice were done through a government-to-government importation regime, where state-run suppliers from Vietnam, Thailand and Cambodia were invited to participate. However, requirements for private enterprises to be invited in the bidding are quite strict and Vietnamese rice exporters do not have much experience in executing procedures for the bidding.
The private interprises satisfying requirements would be allowed to bid and take full responsibility of the shipment.
Statistics from the Ministry of Agriculture and Rural Development revealed that Philippines was the second largest importer of Vietnamese rice in the first five months of the year with 8.6 per cent of the market share.
VFA – by Hoa Mai