U.S. Companies Support Private-Public Partnerships to Strengthen Agricultural Cooperation in Vietnam

(Hanoi) – On April 22 to 23 and April 28, the US-ASEAN Business Council (the Council)  brought a delegation of leading U.S. companies to Hanoi as part of its fourth Food & Agriculture (F&A) Industry Mission to Vietnam. The Council’s delegation met with government officials and key stakeholders in the food and agriculture sector to discuss how U.S. businesses could support Vietnam’s post-pandemic recovery and learn the priorities of the Vietnam government and their plans for the agriculture sector under the new leadership term of 2021 to 2026. This year, the Mission was conducted in a hybrid format and was attended by in-person and virtual participants. The Mission was also co-led by the Council’s Senior Vice President and Regional Managing Director, Ambassador Michael W. Michalak, and the Council’s Chair of the F&A Committee and Senior Advisor Public Policy & Government, Asia, Mr. Pushpanathan Sundram.

“The Business relationship between the U.S. and Vietnam continues to be dynamic. According to the United States Foreign Agriculture Service, U.S. exports totaled $3.4 billion in the fiscal year 2020. Vietnam is also ranked as the U.S.’ 7th largest agricultural export market” said Amb. Michael Michalak. “Our annual F&A mission constitutes a key part of our continued engagement with Vietnam, and our members remain committed to the long-term development of Vietnam’s food security, safety, and sustainability.”

The Mission also inaugurated the First Joint Working Group Meeting on the Memorandum of Understanding (MoU) with the Ministry of Agriculture and Rural Development (MARD), which was signed in June 2019 during the previous F&A Mission to Vietnam. During the meeting, members proposed new projects and highlighted ongoing contributions to enhance private-public partnerships that strengthen agricultural cooperation in Vietnam.

“Our F&A Committee members have continued to support the growth and development of the agricultural sector of Vietnam, and the MoU is a good platform that would showcase these efforts,” said Mr. Pushpanathan Sundram. “We have established excellent working relations with the Ministry of Agriculture and Rural Development that would facilitate the sharing of information and knowledge as Vietnam seeks to improve its agricultural productivity and the use of innovation and technology.”  We plan to work closely with MARD to implement our projects under the MoU that would benefit the agriculture sector and people of Vietnam.”

During the Mission, the delegation met with representatives from the Ministry of Agriculture and Rural Development, Vietnam Food Administration, the National Assembly of Economic Affairs, the National Institute of Agricultural Planning and Projection, the Asian Development Bank – Vietnam, and the U.S. Embassy in Hanoi.

Companies participating in the Mission included Food and Agriculture Committee Chair Elanco Animal Health, Vice Chairs Cargill and Corteva Agriscience, and MSD Animal Health.

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For over 35 years, the US-ASEAN Business Council has been the premier advocacy organization for US corporations operating within the dynamic Association of Southeast Asian Nations (ASEAN). Worldwide, the Council's membership, more than 160 companies, generate over $6 trillion in revenue and employ more than 13 million people globally. Members include the largest US companies conducting business in ASEAN, and range from newcomers to the region to companies that have been working in Southeast Asia for over 100 years. The Council has offices in: Washington, DC; New York, NY; Bangkok, Thailand; Hanoi, Vietnam; Jakarta, Indonesia; Kuala Lumpur, Malaysia; Manila, Philippines; and Singapore.