Novus joins trade mission to Vietnam
Novus International Inc., participated in a recent trade mission to Vietnam
with Missouri Department of Agriculture Director, Katie Smith. At the request of
Missouri Governor Matt Blunt, Director Smith led the mission to assist Missouri
based companies and suppliers in the expanding Vietnam feed industry.
With a population of 85 million people, Vietnam has the fastest growing
economy in Asia. "The U.S. exported a record $624 million in agricultural, fish
and forest products to the country last year. That was almost a ten-fold
increase in exports since 2000. Missouri's long-term vision and commitment to
Vietnam has resulted in opening new markets and increased sales," said Director
The mission included tours
of 5 new feed mills, the countries largest swine producer, and an aquaculture
operation. The aquaculture and swine industries are considered pivotal to the
success of the Vietnamese agricultural industry. In 2007, it is estimated that
Vietnam produced 1.2 million tons of catfish surpassing the sectors forecast for
2010. The pig is considered the dominant livestock in Vietnam. It is estimated
that pork contributes over 70% of the total meat production for the country.
"This mission, along with our recent decision to construct an Aqua
Research Facility on the Nong Lam University campus, illustrate our commitment
to the continued development of agriculture in Vietnam and other Asian
countries," explained Thad Simons, President and Chief Executive Officer of
Novus International, Inc.
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