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Firms of Vietnam, Mongolia set up joint venture
The Chu Viet Group and the Mongol Food Company from Mongolia have agreed to establish a joint venture, focusing on investment, export-import, food processing, and restaurant-tourism services.
Under the terms of a freshly-signed contract, Mongol Food will introduce and sell Vietnamese coffee and pho (Noodle) at a restaurant in Mongolia .
Chu Viet and Mongol Food will also exchange equipment, technology and techniques to produce horse bone glue in Mongolia as well as horse sausages and other foodstuffs in Ho Chi Minh City .
The Chu Viet-Mongol Food partnership is a preliminary result following the establishment of the Vietnam-Mongolia Business Council and the concerted efforts from the Vietnamese Ministry of Industry and Trade, and the Mongolian Ministry of Foreign Affairs and Trade.
The two ministries have worked together to boost the export of wool, fibre, tanned leather, cattle meat and related products from Mongolia to Vietnam, while increasing the flow of Vietnamese rice, fruits, vegetables, tea and other farm produce to Mongolia.
They also agreed to step up the transfer and application of advanced technologies to agricultural production in their respective countries.
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