Seoul, Oct. 30 -- Vietnam and Singapore signed a Memorandum of Cooperation (MOC) on rice trade at the APEC Economic Leaders' Week in Gyeongju, the Republic of Korea on October 30, a new step to promote economic collaboration and ensure regional food security.

The MOC was signed by Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Singaporean Minister for Sustainability and the Environment and Minister-in-charge of Trade Relations Grace Fu.

It lays a solid foundation for promoting stable and sustainable rice trade, contributing to strengthening bilateral food security, including avoiding unnecessary trade restriction. Vietnam will support the unimpeded export of a mutually agreed quantity of rice to Singapore on agreed terms...