Vietnam and the US signed a Memorandum of Understanding (MoU) on technical cooperation between the Ministry of Agriculture and Rural Development (MARD) and the US Grains Council (USGC) in Washington on September 22.
Washington (VNA) – Vietnam and the US signed a Memorandum of Understanding (MoU) on technical cooperation between the Ministry of Agriculture and RuralDevelopment (MARD) and the US Grains Council (USGC) in Washington on September 22.
MARD Deputy Minister Le Quoc Doanh and President and CEO of USGC Ryan LeGrandwitnessed the signing.
Addressing the event, Deputy Minister Doanh affirmed that Vietnam is one of thefastest growing animal feed markets in the world and a major importer of cornand grains.
Vietnam has grown from 16th place to third in the world in terms of cornimports in less than a decade. The country is also a potential customer ofethanol fuel, which is expected to widely use E5 bio-fuel and switch to E10 inthe near future, according to Doanh.
According to Nguyen Do Anh Tuan, director of the International CooperationDepartment of the MARD, Vietnam and the US have a lot of potential and room fortrade cooperation, especially in agricultural products.
Farm produce of the two countries are complementary to each other, he said,adding the two sides could enhance cooperation in science-technology andtechnology transfer between research units, enterprises towards promoting a green,sustainable and low-emission agriculture.
Ryan LeGrand said the US and Vietnam have developed a plan towards a harmoniousand sustainable trade balance with many specific solutions in the field of agriculture.
According to LeGrand, the item that helps to balance bilateral trade is ethanolfuel because Vietnam is a potential customer.
Under the MoU, the MARD and USGC will establish a technical cooperativerelationship in the field of agriculture and animal feed, production and use ofbiofuels in Vietnam as well as enhance mutual understanding on relevantpolicies and regulations in accordance with Vietnam’s laws, regulations, policiesand development goals.
USCG will help improve the capacity of Vietnamese managers, importers, and feedprocessing businesses in accessing new technologies, commercial forms andskills serving their production management.
It will also provide medical equipment such as COVID-19 test kits and COVID-19treatment drugs for Vietnamese livestock enterprises./.
The T&T Group on September 21 signed several MoUs and contracts with US partners within the framework of President Nguyen Xuan Phuc’s working trip to the US.
Vietnamese President Nguyen Xuan Phuc hosted separate receptions in New York on September 21 (local time) for leaders of major US companies which want to increase investments in Vietnam.
Vietnam will work to create an open and transparent business environment and offer favourable conditions for US investment projects in the country, said Minister of Industry and Trade Nguyen Hong Dien.
President Nguyen Xuan Phuc had a meeting with overseas Vietnamese in the US on September 22 (New York time) to listen to their aspirations as well as their ideas on development issues in the home country.
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Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
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Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
At the signing ceremony (Photo: VNA) 
