Vietnam’s agriculture sector is keen on promoting advancedagricultural technologies, leaving huge investment opportunities forforeign investors, the Vietnam Investment Review reported.
Germany’s BASF, the world’s leading chemical company, launched itscrop protection business in Vietnam last year as part of theirefforts to boost yields per hectare, control weeds, and improve cropquality. BASF has now introduced its products throughout Vietnam.
Germany’s Bayer CropScience is also active inVietnamese agriculture sector. The company has offered a wide range ofproducts including high- value seeds, crop protection solutions.
BayerVietnam’s CropScience subsidiary underlined that the company wouldcontinue working with Vietnam’s government, localities and farmersto apply climate-smart agricultural technologies to act as a driver ofgreen growth for the rapidly industrialising country, where 70 percentof the population relies on agriculture for making a living.
The growing investment trend in Vietnam’s agriculture is also highlighted by both local companies.
TheHoang Anh Gia Lai Group, one of leading private companies in Vietnamsince 2013 has shifted its focus on farming business. The company hasrun a programme to raise 100,000 cattle. Doan Nguyen Duc, chairman ofthe group, estimated cattle-rearing would add 4 trillion VND (190.5million USD) to the group’s annual revenues.
Tan Tao – anindustrial local group that has virtually no experience in agriculture –surprised business circle when it announced the launch of ITA rice, afragrant rice for exports. The group decided to cultivate rice on 60.3hectares in the Mekong Delta province of Long An. The group alsoplans to expand its cultivation area to 5,000ha in the coming years.
Majortransnational groups are also increasing their participation inVietnam’s agricultural sector. Metro Cash & Carry is increasinginvestment in seafood, while Nestle is targeting coffee, and consumergiant Unilever is dipping its toes in the tea sector.
Vietnam is currently the second biggest rice exporters in theworld after Thailand, and also the second largest coffee exporterfollowing Brazil. The nation, in addition, is the biggest pepperexporter.-VNA
Germany’s BASF, the world’s leading chemical company, launched itscrop protection business in Vietnam last year as part of theirefforts to boost yields per hectare, control weeds, and improve cropquality. BASF has now introduced its products throughout Vietnam.
Germany’s Bayer CropScience is also active inVietnamese agriculture sector. The company has offered a wide range ofproducts including high- value seeds, crop protection solutions.
BayerVietnam’s CropScience subsidiary underlined that the company wouldcontinue working with Vietnam’s government, localities and farmersto apply climate-smart agricultural technologies to act as a driver ofgreen growth for the rapidly industrialising country, where 70 percentof the population relies on agriculture for making a living.
The growing investment trend in Vietnam’s agriculture is also highlighted by both local companies.
TheHoang Anh Gia Lai Group, one of leading private companies in Vietnamsince 2013 has shifted its focus on farming business. The company hasrun a programme to raise 100,000 cattle. Doan Nguyen Duc, chairman ofthe group, estimated cattle-rearing would add 4 trillion VND (190.5million USD) to the group’s annual revenues.
Tan Tao – anindustrial local group that has virtually no experience in agriculture –surprised business circle when it announced the launch of ITA rice, afragrant rice for exports. The group decided to cultivate rice on 60.3hectares in the Mekong Delta province of Long An. The group alsoplans to expand its cultivation area to 5,000ha in the coming years.
Majortransnational groups are also increasing their participation inVietnam’s agricultural sector. Metro Cash & Carry is increasinginvestment in seafood, while Nestle is targeting coffee, and consumergiant Unilever is dipping its toes in the tea sector.
Vietnam is currently the second biggest rice exporters in theworld after Thailand, and also the second largest coffee exporterfollowing Brazil. The nation, in addition, is the biggest pepperexporter.-VNA
