Vietnam will invest in a 200,000-hectare agricultural project in Mozambique, the Vietnam Economic Times reported Friday.
The project will focus on rice growing, fish farming and wood processing. Vietnam will also assist the African country in implementing its three-year food security program starting in 2010, according to the report.
The project is expected to be approved by both governments at the end of this month.
Mozambican Agriculture Minister Suares Nhaca said that although his country is growing at a steady pace of around 7 percent a year, its farming industry is underdeveloped. The country has to import 550,000 tons of food every year, he said.
In related news, state-owned Vietnam Rubber Group said it would expand its business to Mozambique and plant rubber trees there.