Auto firm Thaco has reported its first revenues from agriculture, in which it has invested hundreds of millions of dollars.
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).
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
– 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
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.