An Viet International Operation Investment JSC and Iran’s Rahavaran Tosee Mihan company signed a Memorandum of Understanding (MoU) last week to achieve a two-way trade volume of US$500 million by 2018.

Under the MoU, the two companies will implement two-way export-import activities, in which An Viet will export Vietnamese fruits and agricultural products such as banana, rice, coffee and pepper to Rahavaran Tosee Mihan, while the Iranian firm will export various local agricultural products to Viet Nam through An Viet.

The two sides have set a goal of achieving an export-import volume of US$250 million each.

Currently, An Viet is promoting the establishment of a fish sauce factory and a collagen drinking water production plant in Iran for export to Viet Nam and other countries in the region. — VNS