China’s customs department has approved Vietnam to export monkeys to its northern neighbour, VietnamNet has reported. The monkeys will reportedly be used for scientific research.
Vietnam hosts one of the biggest monkey breeding facilities in the world, Nafovanny. This is a subsidiary of the Vietnam Forest Corporation which trades on the Hanoi Stock Exchange under the ticker VIF. The facility has been in operation since back in the 90s.
It may soon see some new competition in the monkey market, however, with South Korea’s Eco & Tech announcing it intends to build a US$11 million 18.7 hectare monkey farm in Vietnam’s Khanh Hoa province.
See also: How to Start a Business in Vietnam: Ultimate Guide 2024