Some billionaires have made big investment in agriculture with an ambitious plan to build a strong brand for Vietnam's farm produce, but they do not expect to make a profit in the short term. Soc Trang ST25 rice Decade of investment Vinaseed (NSC) of Nguyen Duy Hung and Vinmart of billionaire Nguyen Dang Quang have reached an agreement on the distribution of ST25, recognized as the world's best rice variety in the world, within the Vinmart and Vinmart+ network nationwide. Soc Trang's ST25, cross-bred in 2010, is now grown on a large scale in Mekong Delta. The famous scented rice variety of Soc Trang gives high yield which can be farmed for two or three crops a year. Meanwhile, Thailand's scented rice is a long-term variety and there is only one crop a year. ST25 has been distributed throughout the country for 10 years thanks to efforts by Hung and Quang. The task of building Vietnam's rice brands and improving rice production so that Vietnamese no longer want foreign rice has been partially implemented. Large corporations and prestigious businesspeople have created changes in the thinking about rice production. Doan Nguyen Duc, or Boss Duc, president of Hoang Anh Gia Lai… Read full this story
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