HANOI: The Vietnam Trade Alliance, a grouping of buyers and producers, signed a pact on Wednesday to buy up to $500 million worth of American pork over three years, the US embassy in Hanoi said on Wednesday.
Vietnam is rebuilding its hog herd after an outbreak of African swine fever first detected in February last year forced it to cull millions of pigs, or 20% of the herd. In May it said it would buy 20,000 breeding pigs from Thailand.
A memorandum of understanding called a “US-Vietnam Pork Consortium” was signed with Smithfield Foods and other US pork producers on the sideline of a virtual Indo-Pacific Business…