SunRice Australia plans to expand investment in Vietnam
VOV.VN - SunRice, Australia’s largest rice production and distribution group, wants to expand its operations in Vietnam, CEO Paul Serra told Vietnamese Prime Minister Pham Minh Chinh during a meeting in Canberra on March 8.
He said in 2008, the group acquired a controlling stake at the Lap Vo rice processing factory in the Mekong Delta province of Dong Thap with a processing capacity of about 260,000 tonnes/year.
The group has since 2022 been collaborating with the Australian Center for International Agricultural Research (ACIAR) to implement a project on developing a high-quality rice supply chain in the Mekong Delta, aiming to develop high-yield and high-quality varieties for the international market.
Serra briefed the Vietnamese PM on the group’s expansion plan and at the same time spoke highly of Vietnam’s implementation of the 1 million hectares of low-emission, high-quality rice project in the Mekong Delta.
For his part PM Pham Minh Chinh highly appreciated SunRice’s effective operations globally and in Vietnam, and expected that the group would connect businesses of the two countries to increase agricultural cooperation in the light of the recently upgraded comprehensive strategic partnership between the two countries.
He proposed that the group help with developing rice supply chains in Vietnam, enhancing technology transfer, and bringing Vietnamese products deeper into the global supply chain, especially in the Hala food industry.
The PM asked the group to work closely with the Ministry of Agriculture and Rural Development to deploy specific investment projects, and at the same time expand its operation with other major Vietnamese agricultural products such as fruits and seafood.
