Economy
Contracts worth $286.3 million inked at Việt Nam Int’l Defence Expo 2024
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| Phạm Hồng Dương, chairman of TTC Biên Hòa Sugar Corporation and TTC Group, and Dr. Klanarong Sriroth, R & D Director of Mitr Phol Group, sign a MoU to boost the development of Việt Nam’s sugar industry. – VNS Photo Courtesy of TTC |
Viet Nam News
HCM CITY – The TTC Group on Friday signed a memorandum of understanding with two prestigious international organisations in the sugar industry, Mitr Phol Group (Thailand) and Vasantdada Sugar Institute (India).
Under the agreement, TTC and Mitr Phol Group will jointly support research and development (R & D) activities of both parties, including the exchange of R&D courses for students and staff; exchange of R&D staff, research for annual co-operation programmes on sugar products; and organisation of long- and short-term training courses depending on needs and the number of applications approved by the two parties.
Mitr Phol has committed to working with TTC to hold annual conferences and other training activities as well as share experiences and introduce TTC to other prestigious units in Thailand.
In another agreement, the Vasantdada Sugar Institute will provide consultancy in R&D and technical methods for TTC sugar labs, and will train staff in Việt Nam and India.
TTC will sponsor related costs including travel expenses for scientists, and provide staff and related documentation for projects.
With more than 70 years of development history, Mitr Phol is Asia’s biggest sugar producer and fourth in the world, owning many factories in Thailand.
The Vasantdada Sugar Institute with 42 years of experience in science and technology research in the sugar industry in India has played an important role and greatly contributed to the development of India’s sugar industry.
The MoU was signed as part of the fifth TTC International Sugarcane Conference held in Phan Thiết on August 17-18. – VNS
