The Nam Viet Corporation (Navico) and the Moscow City Food Resources Department signed a memorandum of understanding regarding food and foodstuff supply in Ho Chi Minh City on Nov. 28.
|Workers process catfish at a Navico factory in the Mekong Delta|
Under the terms of the document, the two sides will cooperate in the supply of fish, seafood, vegetables, fruit and other food products to Moscow.
The partners will also regularly exchange information regarding the level of demand in the Moscow market and the supply capabilities of Navico’s subsidiary companies.
Alexander Ivanovich Baburin, Minister of the Moscow City Government and head of the department, said his department is responsible for ensuring the provision of one-third of the total volume of food and foodstuff for Moscow, a city with a population of 13 million.
Moscow annually imports around 2,000 tons of fish from Vietnam and this amount is expected to increase five-fold during the course of next year following the signing of the cooperation deal with Navico, Baburin said.
The Russian department also wants to import rice and coffee from Vietnam, while Navico will import confectionery, processed meats and a number of agricultural products from Moscow.
Navico’s chairman and general director Doan Toi revealed that his company is a pioneer in the export of seafood products to Russia, accounting for 75 percent of Vietnam’s total annual revenue from this market, which now stands at US$200 million.