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FAS/Hanoi’s successful in-store promotion in July 2023 at the WinMart retail chain highlights growing opportunities to promote U.S. food, beverages and agricultural products in Vietnam.
India, the world’s largest rice exporter, disrupted global rice markets by banning white rice exports in July 2023, before placing an export tax on parboiled rice exports in August 2023.
This report outlines Philippine government requirements for the importation of food and agricultural products.
Recent developments in cross-border e-commerce expanded Filipino consumers’ access to imported food and beverage products, rising from zero in 2019 to almost $1 million in purchases in 2022.
The Philippines is an emerging market for halal products due to its growing Muslim population.
This report outlines the Philippine government requirements for the importation of corn. It also provides points of contact for key Philippine government authorities.
On June 30, 2023, the Department of Trade and Investment-Board of Investments (DTI-BOI) issued Memorandum Circular (MC) No. 2023-004 or the “Guidelines on the Availment of Duty Exemption/Value-Added Tax and Customs Duty Exemption on Importation of Capital Equipment, Raw Materials, Spare Parts and Accessories under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Law."
The guide is intended to provide a general understanding of Cambodia's import process for food products. As is common in developing economies, a high level of informality exists in Cambodia, especially at the borders.
In 2022, the Philippine baking industry spent roughly $1.5 billion on ingredients, with 77 percent ($1.2 billion) imported. The United States supplied more than 55 percent or $845 million worth of ingredients, mostly wheat.
Post sees the food and beverage retail sector growing six percent more slowly than last year. Retail sales continue accelerating as chains open new outlets while enhancing their imports sections.
Vietnam's total retail sales in 2022 rose 13 percent year-on-year to $192 billion driven by a rebound in domestic consumption along with record-high gross domestic product (GDP) growth at 8.02 percent, according to Vietnam’s General Statistical Office.
This report provides an overview of Vietnam’s certification requirements for imported food and agricultural products. As of June 2023, Vietnam made no changes to its certification requirements.