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Vietnam and Thailand are competing for a larger share of the Philippine rice market as the country increases its imports.
With Vietnam currently holding a dominant position, accounting for over 72% of the Philippines' rice imports, both countries are vying to meet the rising demand amid ongoing price fluctuations. The competition is intensifying as the Philippines seeks to stabilize its rice supply and prices, prompting exporters from both nations to enhance their offerings to capture more market share.
Citations:
[1] https://en.vietnamplus.vn/vietnam-thailand-vie-for-larger-rice-market-share-in-philippines-post291327.vnp
[2] https://www.tridge.com/news/thailand-vietnam-vie-to-grow-rice-market-sha-ngybks
[3] http://customs.gov.vn:8228/index.jsp?aid=174450&pageId=5201
[4] https://mard.gov.vn/en/Pages/vietnamese-rice-continues-to-dominate-philippine-market-despite-policy-shifts.aspx
[5] https://www.statista.com/topics/10077/rice-market-in-vietnam/
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