With farms, fruit and feed, Vietnam’s tycoons explore agribusiness ventures
Some of Vietnam’s top firms are carving out opportunities in its $37 billion agriculture and seafood sector and looking to expand overseas, helped by free trade pacts.
“We’ll have global food shortages by 2050. If we invest fundamentally and correctly, this market is infinite,” said Nguyen Duy Hung, chairman of Vietnam’s top brokerage, Saigon Securities Incorp, who has a side business he’s expanding into rice, seafood and supermarket produce.
Vietnam is among the world’s top exporters of rice, coffee, cashew nuts, seafood, pepper and rubber and it shipped $24.5 billion of farm and fisheries produce last year.
