Dropdown list binding , is that right or rough

Question

Code - Razor Code
  <div class="editor-field">
            @Html.DropDownList("CountryID", String.Empty)
            @Html.ValidationMessageFor(model => model.CountryID)
        </div>

Controller code
at the time on showing data in drop down list
 ViewBag.CountryID = new SelectList(db.Countries, "CountryID", "Name");

at the time of showing data on saving time
ViewBag.CountryID = new SelectList(db.Countries, "CountryID", "Name", state.CountryID);

plz send your comment - how many types we have bind data in drop downlist