The Ministry of Agriculture and Rural Development (MARD) and the Overseas Vietnamese Business Association on Dec. 23 inked a memorandum of understanding to cooperate in information exchange, consultancy and investment promotional campaigns.

Speaking at the signing ceremony, Nguyen Viet Manh, deputy director of MARD’s International Cooperation Department, said under the memorandum, the ministry will provide the association with detailed information about projects that call for foreign investment.

It will also provide consultancy to overseas Vietnamese businesses in terms of administrative and legal procedures and the government’s preferential policies for projects in agriculture and rural development.

The ministry’s specialists will assist businesses in negotiating and signing investment projects.

The association, in return, will be responsible for providing information to its members, taking the initiative in choosing advisory members and recommending investment projects to potential investors.

It will act as a link for businesses and businesspeople who are interested in agriculture. It will also organise promotional events for foreign businesses to invest into the area./.