Vietnam’s biggest developer shifts to agriculture

Earlier this month property developer Vingroup, whose chairman is currently Vietnam’s sole U.S. dollar billionaire with US$1.7 billion in assets according to Forbes magazine, sold the first batch of vegetables it has planted in specialized zones across Vietnam.

On October 1, VinEco, Vingroup’s agriculture subsidiary, introduced its first products at its Vinmart and Vinmart+ supermarket chain nationwide, six months after the group announced investment in the agricultural sector on a large scale.

After launch, VinEco will supply the market with an average yield of more than 30 metric tons of 14 different popular kinds of vegetables meeting GlobalGAP and VietGAP standards sourced from their farms every day.

All kinds of vegetables are grown on the large-scale farms of VinEco in Tam Dao in the northern province of Vinh Phuc, Cu Chi in Ho Chi Minh City, and Long Thanh in the southern province of Dong Nai, using mechanization and automation technologies exported by Japan and Israel, which are the world's leading countries in agricultural research and development.

It is expected that from now until the end of 2015, VinEco will provide approximately 4,000 metric tons of fresh vegetables meeting GlobalGAP and VietGAP standards.
The establishment of VinEco in March aims at the production and supply of clean and safe agricultural products, the spillover effect of which will be to drive businesses, farmers and society toward clean agricultural practices, according to VinEco.

The establishment of VinEco in March aims at the production and supply of clean and safe agricultural products, the spillover effect of which will be to drive businesses, farmers and society toward clean agricultural practices, according to VinEco.

Source: tuoitrenews.vn

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