Income from the farm last year was VND1.5 trillion ($64 million), the company said in its recent financial report, adding that agriculture accounted for 3 percent of its revenues and a loss of VND15 billion ($640,600).

Bananas seen in an agriculture farm of Thaco.

Last year it made three major acquisitions of rubber and fruit companies for over VND7.6 trillion ($324 million).

It established the Thadi Agriculture Farming Processing and Distribution Jsc (Thadi) in March last year. Chairman Tran Ba Duong targets revenues of VND17 trillion ($725 million) this year and exports of 150,000 tons of fruits.

Thaco owns almost 20,000 hectares of farmlands in Cambodia where it grows banana, mango and other fruits.

Auto sales remain the biggest source of revenues, accounting for 82 percent. Last year it sold 91,700 units to account for a 30 percent market share, according to the Vietnam Automobile Manufacturers Association (VAMA).

Vietnam eyes stronger cooperation, farm produce trade with US

A delegation of the Ministry of Agriculture and Rural Development (MARD) led by Deputy Minister Le Quoc Doanh is on a visit to the US to enhance cooperation and farm produce trade from February 24-29.

Over 6,500 tonnes of farm produce exported via Lao Cai border gate

Over 6,500 tonnes of Vietnam’s farm produce were exported via Lao Cai border gate in the northern province of Lao Cai as of February 12 after suspension due to the novel coronavirus (COVID-19) outbreak.

Bac Giang provides solutions for farm produce consumption

(BGO) - The Department of Industry and Trade of Bac Giang (DoIT) province has requested related departments, agencies and people’s committees of the districts and cities to implement solutions for consumption of farm and forestry products to combat the acute respiratory disease caused by a new strain of coronavirus (nCoV).

Bac Giang farm produce store opens in Hanoi

(BGO) – Implementing the instruction of the provincial People’s Committee, the Department of Industry and  Trade on December 1 opened the store to introduce and sell the signature and key farm produce of Bac Giang province in Hanoi as well as promote the orange and pomelo grown under VietGAP procedure with stamp for origin traceability of Luc Ngan district. 

Increase value of signature farm produce

(BGO) – Hiep Hoa district (Bac Giang province) has many signature products preferred by a wide range of customers such as Thai Son glutinous rice, Hoang Luong water dropwort and Van Chung cake among others. The district is now highly focusing on increasing the productivity and quality as well as building the trademark to improve the economic value for the farm produce.    

Source: VnExpress