Vietnam is experimenting with its first biotech product: genetically modified corn. It is being grown on a small scale in two provinces and, along with cotton and soybean plants, is soon expected to be cultivated on a large scale.
When that happens, Vietnam will join 29 countries that are cultivating 2.5 billion acres of genetically modified crops. Vietnam is a logical candidate to join the trend that includes more than 15 million growers because 90% of them come from poor families in developing countries.
Vietnam’s effort to introduce more technology to the dominant sector of its economy (nearly 70 million Vietnamese people live in farming communities) signals an opportunity for American agribusiness.
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