In Vietnam, a collaboration between the Vietnam Rubber Group (VRG) and U & I Agriculture JSC (Unifarm) has revitalized the banana industry through a high-tech production project at Minh Tam Farm, located over 25km from the center of Dau Tieng district. This initiative has demonstrated remarkable outcomes in terms of productivity and quality, with an average yield of 70 tonnes per hectare—triple the national average. A significant portion of the harvested bananas, after undergoing pre-processing and packaging, has successfully penetrated markets in Japan and the Republic of Korea, with over 80% of the products meeting export standards.
Dau Tieng Rubber Co. Ltd, a participant in the project, has observed a substantial improvement in revenue and profit margins, attributing the success to the transition from traditional rubber plantations to high-tech agriculture. This shift not only aligns with the agricultural sector's development trends but also optimizes land use. In the first half of the current year, the company reported a revenue of nearly 90 billion VND and a profit of approximately 18 trillion VND, with expectations to achieve annual targets.
The strategic move towards high-tech agriculture is supported by VRG's broader vision to diversify crops on rubber plantations, including bananas, sacha inchi, melons, and citrus fruits, with plans to expand high-value agricultural investments through 2030. This includes allocating 5,000ha specifically for banana cultivation, as part of the 36,227ha earmarked for various high-tech agricultural endeavors. The initiative underscores the importance of adopting advanced technologies and forming strategic partnerships to enhance agricultural productivity and market reach.
Source: The Star