PHI Group Inc. announced that it has signed a Memorandum of Understanding with Vietnam Green Agriculture Company Ltd. to cooperate in the manufacture and sale of bio-organic fertilizer products developed by VinaXanh, both in Vietnam and in international markets. VinaXanh has successfully formulated and tested proprietary bio-organic fertilizer and obtained the required governmental licenses to produce about half a dozen products using amino acids, peptides, fulvic acid, organic chelates, and other organic ingredients. VinaXanh fertilizer products have been effectively applied to numerous plants and crops in Vietnam, including black pepper, coffee, orange, lime, tangerine, grapefruit, jackfruit, dragon fruit, red pepper, tea, rice, etc. and have been granted fifteen different awards for excellence from 2015 to 2017. PHI Group intends to work with VinaXanh to boost the production and sale of these bio-organic fertilizer products in Vietnam and also integrate certain applicable aspects of VinaXanh's methodologies into Abundant Farms Inc.'s organic fertilizer program in the U.S. and Romania.