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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