VN's, Chinese firms shake hands

Friday, May 12, 2017 20:28

Representatives of Lộc Trời Group, YSKL Ltd Company, and leaders of Việt Nam and China at the signing ceremory. — Photo nld

The Vietnamese Loc Troi Group and the Chinese YSKL Ltd Company officially signed a cooperation trade agreement in the presence of the two countries’ leaders on May 12.

On the occasion of Vietnamese President Tran Dai Quang’s visit to China at the invitation of President Xi Jinping, the two companies agreed to form two joint ventures with an initial charter capital amount of US$10 million toward producing seeds and agricultural products.

The agreement is considered an opportunity to bring Vietnamese agricultural products into the Chinese market and to bring Chinese rice plants from all over Asia into Việt Nam for mass production and increase the country’s agriculture export market. – VNS

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