Loc Troi and Chinese firm establish joint venturesThursday, May 18,2017
AsemconnectVietnam - Loc Troi Group has clinched a deal with China’s Hunan Leading Science and Technology Development Co Ltd to establish two joint ventures to produce seeds and seedlings, and trade in farm goods.
The seeds and seedlings venture will be established in Vietnam to develop hybrid rice varieties for domestic and Southeast Asian markets. It will also study and create other seeds and seedlings such as corn and vegetables.
Meanwhile, the produce trading venture will be set up in China for rice, coffee and pepper distribution. This business is expected to promote formal rice trade between Vietnam and China, reduce price manipulation triggered by unregulated trade, and develop the Vietnamese rice brand in the neighboring country.
The two sides have cooperated in hybrid rice research and experimentation in Vietnamese fields to create high-quality products.
PVOIL announces shortlist of strategic investors
Vinamit to bring organic pork and chicken to Big C stores
30 Vietnamese food businesses to attend ThaiFex 2018
Lotte Vietnam Shopping rejects report on losses
Korean firms expand investments in Vietnam
Delta Group - The way to a leading position
Hoa Sen puts up steel construction pipe plant in Yen Bai
Vietnam Airlines to build logistic hub in Can Tho
AEON Vietnam proposes to build a shopping mall in Can Tho
Vietnamese businesses reap fruits in foreign markets
SOE equitisation in need of faster pace and better quality
EVN ensures stable electricity supply
Jetstar Pacific to add more flights to Guangzhou this summer
Samsung Pay allows for transactions by Smart Watch