Building green partnerships: How Vietnam's leading agribusiness aims to be catalyst for sustainable agriculture

Climate change, loss of biodiversity, and food security are global challenges that require urgent attention. However, their impact is felt even more directly in the agricultural sector. In the face of these pressing issues, collaboration among like-minded organisations is crucial to promote more eco-friendly practices, said Mrs Dang Huynh Uc My (Omi Dang), Vice Chairlady of multinational agricultural enterprise Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC AgriS, Ticker: SBT), Vietnam's leading multinational agricultural enterprise. Mrs Omi Dang is well known as the initiator and leader of all innovation initiatives at the company.

Speaking at the TTC AgriS International Partners Day 2024 held at Shangri-La Hotel Singapore in May, she stressed the importance of having a shared platform that brings together government, financial institutions and consulting firms to exchange ideas, foster connections in areas such as science, technology and the circular economy, and promote investments that prioritise sustainable development.

“We are extremely proud to have the steadfast and dedicated support of leading entities participating in the TTC AgriS value chain on the same platform for exchange, deep and wide-ranging connections in science and technology – which include circular economy, value resonance, and promoting sustainable development investments,” she said.

At her speech at the TTC AgriS International Partners Day 2024, Mrs Omi Dang emphasised the importance of tapping innovation and collaboration to promote sustainable agricultural practices on a global scale. PHOTO: TTC AGRIS

A multinational agricultural enterprise spearheading Vietnam’s sugarcane industry with a 46 per cent domestic market share and a presence in over 50 international export markets, TTC AgriS is currently working on connecting stakeholders in a network to streamline the crop production process. This network, or commercial value chain, is part of the company’s transformation from a sugarcane production enterprise to a high-tech agricultural solutions provider focused on sustainable development.

The commercial value chain is aimed at creating a more efficient and sustainable agricultural ecosystem, maximising profits and ensuring fair benefits for those involved.

Mrs Omi Dang with TTC AgriS' partners at the TTC AgriS International Partners Day 2024 which aimed to the stage for cooperative commitments towards sustainable agriculture practices. PHOTO: TTC AGRIS

The company owns more than 71,000 ha of material area – roughly the size of Singapore – in Vietnam, Laos, Cambodia and Australia where it grows a variety of crops such as sugarcane, coconut, banana and rice.

Throughout its 55-year journey, the company has pioneered the transformation of the sustainable agricultural economy based on its integrated smart agricultural model and advances in technology. The company aims to optimise its circular commercial value chain on a global scale.

TTC AgriS targets a revenue of VND 60 trillion (S$3.2 billion) by 2030, and is focused on enhancing its presence in the global food and beverage market. At the same time, it is strengthening its efforts to achieve net-zero emissions by 2035, as well as contribute to economic and social development while sharing its achievements with stakeholders.

Exploring strategies to advance eco-friendly agriculture 

In 2024, TTC AgriS marks its 55-year journey with the statement "TTC AgriS Responsible Value Chain - 55 Years And Beyond". The TTC AgriS International Partners Day 2024 served as a platform to connect strategic partners, marking the 55th anniversary of the TTC AgriS brand in shaping sustainable global agriculture. It also provided an opportunity to explore concrete solutions to further advance sustainable agriculture. With the theme Harnessing Innovation - Advancing Together, the event brought together over 60 representatives from government agencies in Vietnam, Singapore and Australia, as well as strategic partners from financial institutions, banks, research institutes, policy development organisations and consulting firms to discuss the role of partnerships in addressing these issues.

The event not only served as an occasion for TTC AgriS to honour the partnership of its collaborators, acknowledging their contribution to the company's success over the years but also set the stage for responsible cooperative commitments and sustainable practices, establishing a foundation for new values and growth in the next phase of TTC AgriS' journey.

The TTC AgriS International Partners Day 2024 highlighted the importance of global partnerships in promoting sustainable agriculture and tackling climate change and food security challenges through collaborative efforts. PHOTO: TTC AGRIS

Representatives from Singapore’s Economic Development Board (EDB), leading financial institution International Finance Corporation (IFC), and technology consulting company Amazon Web Services (AWS), exchanged insights on the impact of extensive global partnerships in promoting national goals for sustainable development.

Speakers at the event addressed topics related to creating a sustainable future for agriculture. They explored the role of technology in supporting the green growth of a responsible agricultural economy and discussed the importance of green finance in funding sustainable agriculture initiatives. The speakers also emphasised the need for collaboration across generations to foster a diverse and inclusive global agriculture system. The event successfully connected leading partners for several potential projects that could shape farming practices in the coming years.

Representatives from government, finance, policy and consulting gathered at the TTC AgriS International Partners Day 2024 to discuss collaborative strategies for promoting green agricultural practices. PHOTO: TTC AGRIS

Building on the event's discussions and potential collaborations, TTC AgriS underscored the crucial role of international partnerships in advancing sustainable agriculture. The company outlined potential expansions in strengthening collective commitments to address climate change, food security, and sustainable agriculture practices. By engaging in various exchange programmes, TTC AgriS reaffirmed its position as a bridging entity, mastering a platform that unleashes collaboration and creating synergistic values a global level – contributing to the sustainable growth of national agricultural sectors in the international arena alongside other stakeholders.

Learn more about how TTC AgriS is driving sustainable agriculture here.