Singapore Consul General commended TTC AgriS's multilateral agricultural strategy

Thanh Thanh Cong - Bien Hoa Joint Stock Company (TTC AgriS, HOSE: SBT) welcomed Pang Te Cheng, the Consul General of the Republic of Singapore in Ho Chi Minh City, for a visit and meetings at the company headquarters on the morning of September 30, 2024.

Singapore - a crucial role in TTC AgriS's global strategy

During the meeting, TTC AgriS Chairwoman Dang Huynh Uc My discussed the company's efforts to support the Vietnamese and Singaporean governments in expanding economic effectiveness and trade. Through networking opportunities with the business community and government organizations from both countries, TTC AgriS has demonstrated its leadership capabilities in high-tech agriculture and sustainable development, maintaining pace with other regional nations.

Singapore is one of the two strategic countries in TTC AgriS's global development roadmap, alongside Australia. It serves as a global financial and economic hub as well as a gateway for TTC AgriS to expand initiatives in Digital Agriculture (Agtech) and Food Technology (Foodtech) regionally and internationally.

Chairwoman Uc My stated that with its crucial bridging role, Singapore will help TTC AgriS connect with global partners, thereby promoting the development of a multilateral circular trade value chain and consolidating the company’s sustainable goals aimed at achieving net zero by 2035.

Pang Te Cheng, the Consul General of Singapore in Ho Chi Minh City, also commended TTC AgriS's contributions to the development of sustainable agriculture in Vietnam and the region. He affirmed that Singapore will continue to support TTC AgriS in connecting with international markets and assist Vietnamese businesses in fostering innovation in production with a focus on a circular economy.

Strengthening business initiatives - Enhancing the value of Vietnamese agriculture globally

TTC AgriS is rapidly developing and diversifying its agricultural product supply for Southeast Asian countries, with special attention to Singapore, which heavily relies on imported agricultural products. With a diverse nutritional product portfolio from its crop value chain (including sugarcane, coconut, banana, and rice), TTC AgriS is optimizing the agricultural value chain to promote food security and stabilize supply for the Singaporean market.

In addition to finished products, TTC AgriS recognizes significant potential in collaborating with food processing manufacturers in Singapore. The company is currently adopting the Circular Commercial Value Chain model, effectively utilizing its R&D strengths to successfully develop the Singapore Lab. This initiative serves as a vital link in promoting technology exchange and elevating technical standards to international levels.

With over 55 years of commitment to a “green” business strategy, TTC AgriS focuses on initiatives that drive sustainable transformation in Vietnam's agricultural sector. Sustainable trade partnerships with countries such as Singapore are central to the company's global strategy.

With the aim of establishing a multi-industry, multi-value business environment without barriers between nations, TTC AgriS recently reported significant progress in strengthening its long-term partnership with the Singapore Economic Development Board (EDB), whereby both parties collaborate to promote circular economy values on a global scale. Key collaboration topics include renewable energy, sustainable agricultural supply chains, and standardized production models.

During the recent "Gateway to ASEAN" conference held by UOB Bank Singapore on September 6, 2024, TTC AgriS Chairwoman Uc My reaffirmed the company’s vision for sustainable development, highlighting the importance of ESG (Environmental, Social, and Governance) criteria in its corporate strategy. TTC AgriS has received positive evaluations and established itself as a reputable partner for global financial institutions by standardizing governance practices and complying with international norms, including those set by the International Finance Corporation (IFC), SMBC, FCB Bank, and other major financial institutions.

With initiatives focused on the circular trade value chain, TTC AgriS is aiming to expand its collaborative platform, thereby providing opportunities for stakeholders to engage in the sustainable agricultural economic value chain.

The meeting between TTC AgriS and the Consul General of the Republic of Singapore in Ho Chi Minh City reaffirmed the close cooperative relationship between TTC AgriS and Singapore and highlighted TTC AgriS's pioneering role in contributing to the sustainable development of agriculture in Vietnam and the world.