<p>Vietnam will soon sign an inter-government agreement on the rice trade with the Philippines to help the countries ensure food security, its government said in a statement on Thursday.</p>.<p>The announcement followed a meeting between Vietnamese Prime Minister Pham Minh Chinh and Philippine President Ferdinand Marcos Jr. on the sidelines of an ASEAN summit in Indonesia.</p>.<p>It did not provide further details about the planned agreement.</p>.India’s trade policy is working great — for Vietnam.<p>Vietnam was the world's third-largest rice exporter last year after India and Thailand, and the Philippines is its largest buyer.</p>.<p>India, which accounts for more than 40% of the global rice trade, in July ordered a halt to its largest export category to calm domestic prices, sending global prices to 15-year high and stoking concern over already high global food inflation. </p>
<p>Vietnam will soon sign an inter-government agreement on the rice trade with the Philippines to help the countries ensure food security, its government said in a statement on Thursday.</p>.<p>The announcement followed a meeting between Vietnamese Prime Minister Pham Minh Chinh and Philippine President Ferdinand Marcos Jr. on the sidelines of an ASEAN summit in Indonesia.</p>.<p>It did not provide further details about the planned agreement.</p>.India’s trade policy is working great — for Vietnam.<p>Vietnam was the world's third-largest rice exporter last year after India and Thailand, and the Philippines is its largest buyer.</p>.<p>India, which accounts for more than 40% of the global rice trade, in July ordered a halt to its largest export category to calm domestic prices, sending global prices to 15-year high and stoking concern over already high global food inflation. </p>