Rising rice prices create long-term opportunity for Vietnam: former German Vice Chancellor

Rising rice prices create long-term opportunity for Vietnam: former German Vice Chancellor

Vietnam’s rice production is more efficient - almost double the yield per hectare - than other countries like India, Thailand, and the Philippines. The long-term outlook for Vietnamese rice is great as prices are increasing, said Philipp Rösler, former German Vice Chancellor and member of the board of directors of Loc Troi Group.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Dutch Bank funds Loc Troi Group with $90 mln for sustainable agricultural production

Dutch Bank funds Loc Troi Group with $90 mln for sustainable agricultural production

Dutch Entrepreneurial Development Bank (FMO) has okayed a $90-million credit package for Loc Troi Group JSC (LTG), a leading agricultural services and food corporation in Vienam, to advance sustainable agricultural production.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam rice exporters see Q1 profit drop due to interest expense

Vietnam rice exporters see Q1 profit drop due to interest expense

Trung An Rice reported a sharp profit drop in the first quarter of this year, while other major rice exporters Loc Troi Group and Angimex posted losses due to high interest expense.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agri major Loc Troi target $17 mln profit in 2023

Agri major Loc Troi target $17 mln profit in 2023

Agricultural services and food corporation Loc Troi Group JSC is targeting an after-tax profit of VND400 billion ($17 million) in 2023, up 3% year-on-year.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Loc Troi Group rides wave of high-quality rice exports

Loc Troi Group rides wave of high-quality rice exports

Vietnam is the world’s third-largest rice exporter, and agricultural services and food conglomerate Loc Troi Group JSC is expanding high-quality rice production for export, says CEO Nguyen Duy Thuan. These efforts are being funded by seven banks - six foreign and one Vietnamese - with a $100 million syndicated loan issued for the group last October.

Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7

Loc Troi signs half-million-ton-rice deal with exporter Vinafood I

Loc Troi signs half-million-ton-rice deal with exporter Vinafood I

Agricultural services and food conglomerate Loc Troi Group JSC struck a deal Thursday to supply 500,000 tons of rice to leading rice exporter Vietnam Northern Food Corp. (Vinafood I) in 2023.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam firm gets $100 mln syndicated loan for high-quality rice production

Vietnam firm gets $100 mln syndicated loan for high-quality rice production

Seven banks - one domestic and six foreign - agreed Monday on a three-year (2022-2025), $100 million syndicated loan for the Loc Troi Group to invest in expanding high-quality rice production.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

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