Phuc Sinh’s expansion underscores Vietnam’s growing role in sustainable agriculture and its increasing appeal to global investors
The United States Department of Agriculture’s Foreign Agricultural Service in Hanoi partners with WinMart, one of the fastest-growing retailers in Vietnam, to bring American tastes closer to Vietnamese consumers.
The local agriculture and food company has announced its plan to purchase over 7.7 million shares of Bibica JSC, seeking to bolster its holdings at the confectionery company to 100 per cent to broaden its entire production infrastructure and productivity.
The strong commitment to an open, fair and rules-based trade of the EVFTA will further widen export markets for Vietnam, especially in textile and garment, agriculture and fishery, and wood furniture, says HSBC Vietnam CEO Pham Hong Hai.
“It is a major issue, never before happened so brutally to our husbandry industry”, Minister of Agriculture and Rural Development Nguyen Xuan Cuong said of the severe impact of the African swine fever that is killing millions of local pigs at the National Assembly meeting held yesterday.
Thaco continues to increase investment in agriculture as part of its strategy to diversify beyond automobile assembly.
The Asian Development Bank’s finance will help Vietnam install eight modernized irrigation systems in five drought-affected provinces.
Notable foreign enterprises in farming industry such as C.P, Cargill, Guyomarc'h were among 53 enterprises in Vietnam granted award titled 'the Business dedicated to Farmers' by the Ministry of Agriculture and Rural Development.
Truong Hai Automobile JSC (Thaco) owned by billionaire Tran Ba Duong has taken a further step in the field of agriculture after entering the strategic cooperation with Hoang Anh Gia Lai (HAGL) Group owned by Doan Nguyen Duc.
Agricultural production in Vietnam remains very family oriented with limited cultivation area and small scale while the large models of big farm is not popular, according to Tran Thanh Hai, senior executive vice president of Thailand’s retail giant Central Group.
Agricultural development along with tourism promotion is the fastest way to reduce poverty but to find an appropriate model of integration to boost available advantages of the two crucial sectors is now a headache.
The large credit spending on the agriculture companies is negatively impacting the business results of SHB, making its profits become much lower than its competitors.
Expanding investment in hi-tech agriculture, TH Milk is facing a considerable financial pressure.
Six startup teams have won the 2018 Mekong Agritech Challenge, having presented outstanding technology solutions with high potential to advance agriculture in the Greater Mekong Subregion.
