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| Lộc Trời Group and Phoenix Group sign an agreement in Dubai on December 20 for sustainable rice production in Việt Nam. — Photo courtesy of Lộc Trời Group |
Viet Nam News
HCM CITY — Agricultural company Lộc Trời Group signed an agreement with UAE-based food company Phoenix Group in Dubai on Thursday for sustainable rice production in Việt Nam.
Under the agreement, around 10,000 smallholder farmers in Việt Nam will benefit by developing sustainable rice production on 10,000ha of land.
The two sides agreed there is plenty of opportunity to produce traceable high-quality rice and reduce chemical residues in it to increase farmers’ incomes and mitigate the impacts of climate change.
Huỳnh Văn Thòn, chairman and general director of Lộc Trời JSC, an An Giang Province-based company, said: “This is a major step forward, which will help us gain access to a sustainable rice production programme, achieve great connectivity, expand our market, and compete in the global rice market.”
"It also aims to help smallholder farmers adapt and reduce the impacts of climate change and natural disasters," he said.
Phoenix Group chairman Gaurav Dhawan said the tie-up would help expand his company’s presence in Việt Nam.
“At the same time, we will support Lộc Trời Group promote Vietnamese rice in the global market.”
Lộc Trời, established in 1993, is a leading provider of agricultural services and products and a pioneer in building value chain models for sustainable rice production in Việt Nam.
Phoenix Group is the world’s second largest rice company with 150,000ha of agricultural land in various countries around the world. — VNS
