Which investors are pouring money into agriculture?

Tran Ba Duong, a member of top 10 stock billionaire, president of Thaco, an automobile manufacturer, has joined hands with the ‘King of Catfish’ Duong Ngoc Minh, president of Hung Vuong Group (HVG).

The two sides agreed on a deal under which Thaco, through its subsidiary Thadi, specializing in farm produce processing and distribution, will acquire 35 percent of shares of HVG.

Which investors are pouring money into agriculture?

The ownership ratio allows Thaco to participate in the catfish processing company’s governance, sale and financial management.

Thadi will also pour VND2 trillion into a joint venture between Thadi and HVG specializing in pig breeder production with the capacity of 45,000 breeders in 2020.

It is expected that the company would provide 15,000 breeders by March 2020.

Vietnam had 2,750 new agriculture, forestry and seafood companies in 2019, an increase of 25 percent over 2018, raising the total number of enterprises in the sector to 12,600.

Thadi will also make investment in pig farming in accordance with EFSA standards, planning to produce 1.2 million pigs a year which will be provided to domestic market and export.

 


Minh of HVG hopes that the investment by Thaco would help HVG continue implementing the projects it has been developing over the last two decades.

HVG has been meeting difficulties since mid-2016, when it began developing hi-tech agriculture production projects.

To develop the projects, HVG needed a total credit amount of VND4 trillion. The plan was supported by the government, but commercial banks have disbursed VND800 billion. Meanwhile, HVG has injected VND1.8 trillion into the projects.

Asked about the decision to pour money into agriculture, Duong said he responded to the call from Minister of Agriculture and Rural Development Nguyen Xuan Cuong. Thaco has inked a strategic cooperation deal with Hoang Anh Gia Lai Group owned by Doan Nguyen Duc, recognized as one of the most influential businessmen some years ago.

The cooperation with the ‘King of Catfish’ is the next step in Thaco’s strategy in investment in agriculture.

Prior to the cooperation between Thacoo and HVG, a huge cooperation deal occured between Vingroup and Masan Group. The former decided to transfer its VinCommerce, the retailer, and VinEco, the hi-tech agriculture brand, to the latter.

Billionaire Nguyen Dang Quang, president of Masan Group, said this was a strategic move aiming to completing its cultivation and husbandry ecosystem.

A report of the agriculture ministry showed that Vietnam had 2,750 new agriculture, forestry and seafood companies in 2019, an increase of 25 percent over 2018, raising the total number of enterprises in the sector to 12,600.

The investors in agriculture include well known names such as Vinamilk, TH, Dabaco, Masan, Lavifood and Ba Huan. 

Mai Lan

VN farmers turn to high tech agriculture

VN farmers turn to high tech agriculture

Underdeveloped northern provinces were embracing high technology to make breakthroughs in farming productivity in hopes of lifting locals – mostly of ethnic minorities – out of poverty.

EVFTA helps advance domestic agriculture

EVFTA helps advance domestic agriculture

Despite also including barriers and regulations, the EU-Vietnam Free Trade Agreement will benefit Vietnamese agriculture, with businesses supporting farmers to cash in on new opportunities from the deal.

 
 

Other News

.
Welcoming the 'upgraded' CAEXPO
Welcoming the 'upgraded' CAEXPO
BUSINESSicon  07/09/2021 

The 18th China-ASEAN Expo (CAEXPO) will kick off in Nanning, China as scheduled, and here comes the "CAEXPO Moment" again.

Vietnam's steel sales increase due to exports
Vietnam's steel sales increase due to exports
BUSINESSicon  06/09/2021 

Steel enterprises have boosted exports while facing difficulties in domestic consumption due to the COVID-19 outbreak, according to the Vietnam Steel Association (VSA).

E-commerce platforms resume delivery in HCM City as ban is lifted in red zones
E-commerce platforms resume delivery in HCM City as ban is lifted in red zones
BUSINESSicon  06/09/2021 

E-commerce platforms have resumed deliveries in HCM City and some of the city’s extremely high risk areas (red zones) since August 30, a week after they were banned.

Mooncake makers face unprecedented difficulties
Mooncake makers face unprecedented difficulties
BUSINESSicon  06/09/2021 

Online sales are being implemented by mooncake businesses with a variety of products from the common to the high-end.

Vietnam manufacturing output declines on Covid-19 outbreak
Vietnam manufacturing output declines on Covid-19 outbreak
BUSINESSicon  05/09/2021 

Vietnam’s manufacturers are facing an uphill task to keep operation amid restriction measures.

VIETNAM BUSINESS NEWS SEPTEMBER 5
VIETNAM BUSINESS NEWS SEPTEMBER 5
BUSINESSicon  05/09/2021 

Ports see increase in goods handling despite COVID-19

Finance Ministry urges stricter control over risky corporate bonds in Vietnam
Finance Ministry urges stricter control over risky corporate bonds in Vietnam
BUSINESSicon  05/09/2021 

The Ministry of Finance (MoF) has tightened control over risky corporate bond issuance.

More sci-tech content in upcoming China-ASEAN Expo
More sci-tech content in upcoming China-ASEAN Expo
BUSINESSicon  06/09/2021 

The whole universe hidden in the VR glasses, magnificent images shown on transparent screens, unmanned aircraft applied in seeding and fertilization..., sci-tech exhibition has become the new hot spot in the China-ASEAN Expo (CAEXPO) in recent years.

VIETNAM BUSINESS NEWS SEPTEMBER 4
VIETNAM BUSINESS NEWS SEPTEMBER 4
BUSINESSicon  04/09/2021 

Vietnam scores high in employee experience

Foreign investors keen on education
Foreign investors keen on education
BUSINESSicon  04/09/2021 

Overseas funds continue to cash in on Vietnam’s education sector with a view to diversify investment portfolios.

Rice exporters feel strain of restrictions
Rice exporters feel strain of restrictions
BUSINESSicon  04/09/2021 

The disruption of the production chain in the past few months is pushing rice exporting and processing companies into an increasingly difficult situation.

Garment and textile groups bemoan curbs
Garment and textile groups bemoan curbs
BUSINESSicon  04/09/2021 

With the autumn-winter season coming up, Vietnam’s garment and textile industry could cash in on the increased demand for clothing. 

CAEXPO embraces RCEP opportunities
CAEXPO embraces RCEP opportunities
BUSINESSicon  04/09/2021 

Cooperation is deepened to improve substantial economic and trade results.

E-commerce platform imports billions of US dollars of Chinese goods
E-commerce platform imports billions of US dollars of Chinese goods
BUSINESSicon  04/09/2021 

The Vietnamese Ministry of Finance believes that it is necessary to have regulations to control exports and imports transacted through e-commerce platforms.

Experts propose solutions to supply chain disruptions caused by COVID-19
Experts propose solutions to supply chain disruptions caused by COVID-19
BUSINESSicon  03/09/2021 

A group of experts of the Hanoi-based National Economics University have put forward several immediate solutions to remove bottlenecks and connect disrupted supply chains that have impacted localities hit by COVID-19.

Agriculture Ministry to open new path for farm produce sales
Agriculture Ministry to open new path for farm produce sales
FEATUREicon  04/09/2021 

“We have to figure out a new ‘farm produce path’ that allows us to connect fields and markets,” said Minister of Agriculture and Rural Development Le Minh Hoan.

VIETNAM BUSINESS NEWS SEPTEMBER 3
VIETNAM BUSINESS NEWS SEPTEMBER 3
BUSINESSicon  03/09/2021 

Bubbles heap pain on vital manufacturers

Five-year restructuring plan aims to improve national economic competitiveness
Five-year restructuring plan aims to improve national economic competitiveness
BUSINESSicon  04/09/2021 

The Ministry of Planning and Investment has said that it is coordinating with relevant ministries, agencies and localities to build a national economic restructuring plan for the 2021-2025 period, 

On-line CAEXPO: Exploiting potential of Internet for new growth
On-line CAEXPO: Exploiting potential of Internet for new growth
BUSINESSicon  03/09/2021 

On the platform of on-line China-ASEAN Expo (CAEXPO), ASEAN Pavilion, China Pavilion, and other virtual pavilions can be found on the homepage.

Europe recovers, opening up great opportunity for Vietnamese goods
Europe recovers, opening up great opportunity for Vietnamese goods
FEATUREicon  06/09/2021 

According to Vietnam’s Trade Counselor in Germany Bui Vuong Anh, two-way trade between Vietnam and Germany reached $16 billion in 2019 and $15.2 billion in 2020.

 
 
 
Leave your comment on an article

OR QUICK LOGIN