Agricultural company Loc Troi Group signed an agreement with UAE-based food company Phoenix Group in Dubai on December 20 for sustainable rice production in Vietnam.
Loc Troi Group and Phoenix Group sign an agreement in Dubai for sustainable rice production in Vietnam. (Photo courtesy of Loc Troi Group)
Hanoi (VNS/VNA) - Agriculturalcompany Loc Troi Group signed an agreement with UAE-based food company PhoenixGroup in Dubai on December 20 for sustainable rice production in Vietnam.
Under the agreement, around10,000 smallholder farmers in Vietnam will benefit by developing sustainablerice production on 10,000ha of land.
The two sides agreed there aremany opportunities to produce high-quality rice to increase farmers’ incomesand mitigate the impacts of climate change.
Huynh Van Thon, chairman andgeneral director of Loc Troi JSC, which is based in the Mekong Delta provinceof An Giang, said: “This is a major step forward, which will help us gainaccess to a sustainable rice production programme, achieve great connectivity,expand our market, and compete in the global rice market.”
"It also aims to helpsmallholder farmers adapt to and reduce the impacts of climate change andnatural disasters," he said.
Phoenix Group chairman GauravDhawan said the tie-up would help expand his company’s presence in Vietnam,adding that the group will also support Loc Troi Group promote Vietnamese ricein the global market.
Loc Troi, established in 1993,is a leading provider of agricultural services and products and a pioneer inbuilding value chain models for sustainable rice production in Vietnam.
Phoenix Group is the world’ssecond largest rice company with 150,000ha of agricultural land in variouscountries around the world. –VNS/VNA
Vietnam shipped close to 122.4 million USD worth of rice products to Malaysia in the first five months of 2018, surging 177 percent from the same period last year.
Vietnam’s northern region harvested some 5.6 million tonnes of rice during the summer-autumn crop, up more than 320,000 tonnes from the same period last year, heard a recent conference.
After decades of being considered to be among the largest rice exporters in the world without a proper brand name, the Ministry of Agriculture and Rural Development has officially a logo for Vietnames
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Loc Troi Group and Phoenix Group sign an agreement in Dubai for sustainable rice production in Vietnam. (Photo courtesy of Loc Troi Group) 
