Vietnam signs agreement to import nearly 3 billion USD worth of agricultural products from the US

On the afternoon of June 6 (local time) in Washington DC, Minister Do Duc Duy attended a roundtable conference with many leading businesses and corporations of the US-ASEAN Business Council (USABC).

This is the final activity of the delegation of the Ministry of Agriculture and Environment during this trip, marking the starting point for a future of sustainable and effective cooperation between the two countries.

At the event, eight agreements were signed, with a total value of up to 1.1 billion USD. Together with the Memorandums of Understanding (MOUs) signed earlier in Iowa, Ohio and Maryland, the total agreement to purchase US agricultural products is worth up to nearly 3 billion USD.

Speaking to the press, Minister Do Duc Duy affirmed: " Up to this point, it can be said that the working trip was a great success, bringing very positive results ."

Minister Do Duc Duy took a souvenir photo with USABC Chairman Ted Osius. (Photo: Ministry of Agriculture and Environment).

Mr. Ted Osius - President of USABC, highly appreciated the agreements signed during the trip from June 1-6, showing the complementarity between the two agricultural sectors.

Mr. Ted Osius emphasized: “ The agreements today and throughout the trip of the Vietnamese delegation are clear evidence of the positive partnership between the two countries, and at the same time open the door to promising cooperation between two complementary agricultural sectors .”

The largest deal on June 6, worth up to 380 million USD, was signed between Khai Anh Binh Thuan Joint Stock Company and Cargill Group. The MOU commits to importing 1.2 million tons of grain for animal feed, including corn, wheat and soybean meal from the US.

In addition, there are 7 agreements between: Thien But Company and Lamex Food Group; Thien But Company and Niceland Foods; RYL Food Joint Stock Company and Sea2Asia; IMEX CDC Joint Stock Company and Niceland Foods; IMEX CDC Joint Stock Company and Intervision Foods; Ho Chi Minh City Handicraft and Wood Processing Association (HAWA) and Kember Interiors; Northeast Timber and Lumber LLP and Vitana Company Limited.

At the first stop of Minister Do Duc Duy's US trip, Iowa on June 2, Vietnamese agricultural enterprises signed four agreements worth up to 800 million USD to import agricultural products such as corn, soybeans and meat from Iowa over the next 3 years.

Ohio is the next stop for the delegation of the Ministry of Agriculture and Environment and Vietnamese businesses. On June 4, under the witness of the Ministry’s leaders and representatives of Ohio agricultural associations, the Vietnamese delegation continued to sign contracts worth more than 600 million USD to import more products such as corn, corn meal and soybeans from this state.

During a short working session in Maryland on the morning of June 6, specialized agencies of the Ministry of Agriculture and Environment witnessed the signing ceremony of about 300 million USD worth of agricultural products and meat imports from the US.

Minister Do Duc Duy and USABC Chairman Ted Osius witnessed the MOU signing ceremony between Khai Anh Binh Thuan Joint Stock Company and Cargill Group. (Photo: Ministry of Agriculture and Environment)

On the trade sidelines, many American businesses have expressed their desire for green cooperation with Vietnam. Cargill Group shared that it is operating factories in 12 provinces, has more than 1,500 employees and has sponsored the construction of 120 schools.

Citi Group talks about its commitment to support Vietnam in building a carbon credit market, helping to reduce emissions and increase livelihoods.

Atmo wants to use AI to help Vietnam forecast extreme weather. After the meeting, Atmo representatives will go to Hanoi to work with Deputy Minister Le Cong Thanh and the National Center for Hydro-Meteorological Forecasting. CEO Alex Levy affirmed his readiness to cooperate with Vietnam to build a center for technological innovation in meteorology to serve disaster management.

Chau Anh

Source: https://vtcnews.vn/viet-nam-ky-thoa-thuan-nhap-gan-3-ty-usd-nong-san-tu-my-ar947685.html