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This MOU will help Vietnam meet its fuel needs in an environmentally and economically sustainable manner.

US – Vietnam Signed Important Cooperation Agreement in Agriculture
U.S. Grains Council – Ministry of Industry and Trade Ethanol Memorandum of Understanding was signed today at the Indo – Pacific Business Forum.
The U.S. Grains Council (USGC) - Ministry of Industry and Trade (MOIT) Memorandum of Understanding (MOU) will further a strong partnership between the United States and Vietnam to expand the use and availability of ethanol in Vietnam. This MOU will help Vietnam meet its fuel needs in an environmentally and economically sustainable manner.
The USGC has over 25 years of experience working in Vietnam to help build capacity and speed the development of Vietnam’s feed, livestock, and aquaculture sectors. With the signing of this MOU, USGC, MOIT, and the Vietnamese industry will work together to build capacity in the ethanol sector to help Vietnam meet its fuel needs in an environmentally and economically sustainable manner.
Ethanol is a clean fuel that is produced from corn and cassava, among a variety of other feed stocks. USGC has been working most recently with the Tung Lam Company - Vietnam’s only ethanol-producing company - to partially convert its cassava-based ethanol production facilities to corn-based production to improve the economic efficiency of its plants.
While Vietnam’s domestic ethanol production relies on locally grown cassava or imported corn as a feedstock, imports of ethanol are necessary to stabilize the market and meet gaps in local demand. Vietnam aims to increase the use of ethanol in gasoline by moving from what’s known as an E5 blend rate to an E10 blend rate. 
Under this MOU, the USGC will be able to provide technical support to help Vietnam meet this goal.
USGC thanks Vietnam for recognizing the importance of ethanol. Committing to working towards a national E10 blend rate will provide predictability that can lead to future financial and technical investments in the ethanol industry, while helping Vietnam meet its environmental goals. There is also potential for Vietnam to become the third largest market for U.S. ethanol exports, should Vietnam reach its goal of an E10 blend rate.

DIEP NGUYEN