Group's subsidiary signs cooperative contracts in the farming of agriculture products with four partners.
VinEco, a subsidiary of Vingroup, signed cooperative contracts on July 21 with three partners on receiving high technology for agricultural production, with a total value of over VND1 trillion ($46.5 million).
The three partners come from countries renowned for agricultural production, including NETAFIM and Teshuva Agricultural Projects (TAP) from Israel and KUBOTA from Japan. The two countries have advanced agriculture technology and are superior in research, development, and the effective application of science and technology in agriculture.
The partnerships will provide a high-tech platform to VinEco in large-scale agricultural production following GLOBALGAP and VIETGAP standards. TAP and NETAFIM will provide technology in greenhouses and net houses on a scale of up to 60 ha as well as automatic irrigation systems. They will also provide the technology for the proactive nutrition of crops on an area of nearly 1,000 ha in the first phase. Meanwhile, KUBOTA will transfer agricultural machinery and equipment to all VinEco farms around the country.
VinEco will also receive techniques in the pre-processing and storage of agricultural produce after harvest, to guarantee fresh products and meet safety requirements for food hygiene as well as nutritional content.
Under the plan, VinEco will put its first greenhouse into operation to start the production of clean vegetables in the fourth quarter of 2015.
A day before this signing VinEco and the Dong Nai Food Industrial Corporation (Dofico) also signed a strategic cooperation agreement to manufacture and supply clean agricultural products to the market.
The two will also develop agricultural processing using high technology on a large scale, create distribution channels, and transfer technology and experience in the production of clean agriculture.
“The agricultural investment in Dong Nai through the cooperation with Dofico has important implications for developing the clean agricultural strategy of Vingroup, providing products to the market and bringing employment opportunities to local workers and those in the surrounding area,” Vice President of Vingroup, Mr. Le Khac Hiep, said at the signing ceremony.