Vietnam, Japan agriculture consortium takes off

by VOV31 July 2016 Last updated at 20:36 PM

photo: VOV
photo: VOV

VTV.vn - BRG Group Vietnam, SeABank and Michinoku Bank of Japan have announced the formation of a consortium to promote quality agriculture and foodstuffs trade between Vietnam and Japan.

The consortium aims primarily to provide programs, technical assistance and expertise to support farmers and other actors in the aforementioned segments of the Vietnam economy expand their export sales. 

It will provide financing, export consulting, training, translation and interpreting services; assistance with transport, logistics, compliance and regulatory issues; and joint advertising and market research, among other services.

The main advantage of creating a consortium is to allow the companies to share the risks in such an undertaking, the companies told reporters on July 29 in making the announcement of the pact.

While consortiums are commonplace around the globe they are a relatively new phenomenon in Vietnam, they noted.

Tags:

Top VND Exchange Rates

Auto-refesh 15m

USD

EUR

AUD
1 VND
Inverse:
0.00004
22,510.0
0.00004
25,226.0
0.00006
15,674.0

Mid-market rates: 2024-07-21 20:07 UTC

WEATHER FORECAST