During the meeting, the Minister of Agriculture and Rural Development expressed the honor of leading a delegation consisting of representatives from the ministry’s technical agencies, industry associations, and Vietnamese agricultural enterprises to visit and work in the state of Iowa.

The Minister emphasized that Vietnam is continuously expanding its processing capabilities, quality control, and sustainable agricultural development. Thus, both sides can complement each other, jointly developing stable and long-term bilateral value chains in agriculture, forestry, and fisheries.

During the discussion, both sides reviewed and assessed the state of agricultural trade cooperation between Vietnam and Iowa, exchanging information, needs, and potential business opportunities. Practical directions were outlined to increase exports of high-quality agricultural, forestry, and fishery products from Iowa to the Vietnamese market and vice versa.

The Vietnamese delegation accompanying the Minister to the U.S. is expected to sign memoranda of understanding worth over $2 billion to purchase American agricultural, forestry, and fishery products. Specifically, with Iowa, businesses and associations from both sides signed five memoranda totaling approximately $800 million, to be implemented over three years. This marks a significant increase compared to the previous average annual export value of agricultural products from Iowa to Vietnam, which stood at $44 million.

In particular, Khai Anh Binh Thuan Company will import 1 million tons of dried soybeans worth $380–390 million from its partner Ag Processing Inc (AGP). The company also agreed to purchase 900,000 tons of corn and wheat from United Grain for around $250 million.

Image 2

Viet Nhat Nutrition Technology Joint Stock Company also signed contracts with POET Group to import 100,000 tons of dried distillers’ grains (DDGS) and 100,000 tons of dried soybeans, totaling $60–70 million.

The public-private partnership between the two countries was further expanded through a memorandum of understanding between the Department of Livestock Production and the Iowa Pork Producers Association. Accordingly, both sides intend to strengthen trade relations, fostering connections between Vietnamese and Iowa livestock farmers through technical workshops, promotional events, and commercial linkages.

Additionally, the discussion session facilitated exchanges between other Vietnamese and American businesses, creating new opportunities to enhance trade relations and strengthen the supply chain for Vietnamese agricultural, forestry, and fishery products in the U.S. This will also promote the transfer of advanced American technologies to Vietnamese enterprises, supporting green, smart, and sustainable agricultural development.

«We believe today’s event marks the beginning of deeper and more effective cooperation between Vietnamese and Iowa businesses, reflecting the goodwill of both sides in developing a comprehensive strategic partnership between Vietnam and the U.S.,» emphasized the Minister of Agriculture and Rural Development.

Iowa

Iowa, located in the Midwestern United States, became the 29th state in 1846. Known for its fertile farmland, it plays a key role in U.S. agriculture, particularly in corn and soybean production. The state also has a rich Native American history, originally inhabited by tribes like the Ioway, for whom it is named.

Ag Processing Inc (AGP)

Ag Processing Inc (AGP) is a leading farmer-owned cooperative in the United States, specializing in the processing and marketing of agricultural products, particularly soybeans and grains. Founded in 1983 and headquartered in Omaha, Nebraska, AGP operates multiple processing plants across the Midwest, providing high-quality food, feed, and fuel ingredients. As a cooperative, it supports local farmers by adding value to their crops and fostering sustainable agricultural practices.

United Grain

«United Grain» does not refer to a widely recognized cultural site or historical place, so more context is needed for an accurate summary. If you are referring to a specific company, location, or cultural landmark by that name, please provide additional details. Alternatively, if you meant a grain-related historical site (such as a silo, mill, or trade center), examples like the **Chicago Board of Trade** (a major grain exchange) or **ancient grain storage systems** could be summarized instead. Let me know how you’d like to proceed!

POET Group

The POET Group is a Chinese cultural and creative industry conglomerate known for its involvement in art, design, and urban development projects. Founded in 2002, it has played a role in promoting contemporary Chinese culture through initiatives like art exhibitions, architectural design, and cultural tourism. The group emphasizes blending traditional Chinese aesthetics with modern innovation.

Department of Livestock Production

The **Department of Livestock Production** is typically a government or academic division focused on improving livestock farming through research, policy, and education. Historically, such departments emerged in the 19th and 20th centuries alongside agricultural modernization to enhance breeding, nutrition, and disease control. Today, they play a key role in ensuring sustainable and efficient meat, dairy, and wool production worldwide.

Iowa Pork Producers Association

The Iowa Pork Producers Association (IPPA) is a nonprofit organization founded in 1971 to support and promote Iowa’s pork industry, the largest in the United States. It focuses on advocacy, education, and marketing to strengthen pork production and consumption. The IPPA also plays a key role in organizing events like the Iowa State Fair’s pork-related activities, celebrating the state’s agricultural heritage.