Vietnamese businesses are set to sign memorandums of understanding (MOUs) to buy $2 billion worth of U.S. farm produce, the country’s state-owned news agency reported on Tuesday.
The Vietnam News Agency said a delegation of 50 Vietnamese companies, led by Agriculture Minister Do Duc Duy, is visiting the United States from June 1 to June 7.
The agency said the delegation met on Monday with officials from Iowa’s Department of Agriculture and Land Stewardship, including Agriculture Secretary Mike Naig and Deputy Secretary Grant Menke.
Memorandums of understanding were signed with Iowa companies totaling $800 million over three years, according to the agency. The agreements involve the export of Iowa corn, wheat, dried distillers grains, and soybean meal to Vietnam….