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.

Source:  thesaigontimes.vn