Vietnamese and U.S. enterprises have signed Memorandum of Understandings (MoUs) on the import of animal feed ingredients from Ohio, according to a report from the Government News.
These MoUs, worth over $600 million, were inked within the framework of the Vietnam–Ohio Business Networking Event which took place in Ohio, the U.S., on June 4.
Many Vietnamese businesses have connected with partners from Ohio to promote the import of products such as raw wood, fruits, and meat.
Ohio was the second stop in the U.S. working trip from June 1–7 by a delegation of the Ministry of Agriculture and Environment, along with agricultural associations and businesses, led by Minister of Agriculture and Environment Do Duc Duy.
Earlier, on June 2, Vietnamese enterprises and associations, together with those from the U.S. state of Iowa, signed five Memorandums of Understanding (MoUs) with a total value of approximately $800 million within three years.
During the trip, the Vietnamese delegation is expected to sign MoUs to purchase U.S. agricultural products with a total value of over $2 billion.