PVFCCo signs MoU with central Vietnam province Dak Lak to study high-tech agriculture innovation center project
Vietnam's PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), also known as Phu My Fertilizer, has signed a memorandum of understanding with the People's Committee of Dak Lak province to study investment opportunities for a high-tech agriculture innovation center in the central province.
Vu An, deputy general director of PVFCCo, receives the MoU on investment research cooperation from the Dak Lak Provincial People's Committee at the signing ceremony.
Under the agreement signed on June 27, the two sides will cooperate on feasibility studies, site selection and other preparatory work for the proposed project, which is expected to require investment of about VND700 billion ($26.6 million).
The proposed center is designed to serve as a research, demonstration and technology transfer hub for modern agricultural solutions in the Central Highlands.
It will focus on developing databases on soil conditions, weather and crops while applying digital technologies, artificial intelligence and advanced analytics to support precision farming, crop nutrition and sustainable agricultural practices.
The project is intended to provide technology and data-driven services to farmers, agricultural cooperatives, agribusinesses and local authorities.
Dak Lak, an economic hub of Vietnam's Central Highlands, is one of the country's leading producers of coffee, pepper, durian, rubber and other high-value crops.
PVFCCo said the memorandum marks the first step toward evaluating the project's feasibility before any investment decision is made.
Leveraging its position as a leading Vietnamese enterprise in the fertilizer and agrochemical sector, PVFCCo envisions the PVFCCo High-Tech Agricultural Innovation Center in Dak Lak becoming a highly practical new model that effectively connects businesses, scientists, regulatory agencies, and farmers.
The signing of the MoU reaffirms PVFCCo's long-term commitment to supporting Vietnamese agriculture - from the supply of high-quality fertilizers to the creation of crop nutrition solutions, agricultural data systems, and advanced farming models.
This move also aligns with Phu My’s strategic direction: pioneering the development of a comprehensive agricultural ecosystem and making a tangible contribution to the prosperity of the national agricultural sector.
- Read More
Seaport operators Gemadept, Hai Phong Port expected to post strong profit growth in Q2
Gemadept and Hai Phong Port, two major seaport operators of Vietnam, are expected to post strong earnings growth in Q2/2026, backed by Vietnam's robust trade expansion, higher cargo throughput, stronger pricing, and improved operational efficiency.
Companies - Wed, July 1, 2026 | 5:19 pm GMT+7
PVFCCo signs MoU with central Vietnam province Dak Lak to study high-tech agriculture innovation center project
Vietnam's PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), also known as Phu My Fertilizer, has signed a memorandum of understanding with the People's Committee of Dak Lak province to study investment opportunities for a high-tech agriculture innovation center in the central province.
Companies - Wed, July 1, 2026 | 4:22 pm GMT+7
Vietnam stocks await lower interest rates despite policy support: analyst
Vietnam's stock market has yet to respond to a series of government measures aimed at expanding monetary policy flexibility and supporting economic growth, with analysts saying borrowing costs remain too high to drive a sustained recovery in investor sentiment.
Finance - Wed, July 1, 2026 | 3:37 pm GMT+7
Vietnam steelmaker Pomina targets fourfold revenue increase in 2026 on Vingroup ecosystem demand
Vietnamese steelmaker Pomina targets revenue of VND8.51 trillion ($323.4 million) in 2026 and VND13.19 trillion in 2027, respective nearly fourfold and sixfold increases year-on-year, as the company seeks to revive operations with support from the Vingroup ecosystem.
Companies - Wed, July 1, 2026 | 12:16 pm GMT+7
Leading global tech supplier Coherent plans to expand investment in HCMC
U.S.-based tech giant Coherent, a supplier to Nvidia, Google and Meta, is considering Ho Chi Minh City as a priority destination for expanding its investments in semiconductors, AI and other high-tech industries.
Industries - Wed, July 1, 2026 | 10:39 am GMT+7
Implementing Resolution 10: Promoting linkages between strategic foreign investors and domestic enterprises through a sandbox mechanism
Establishing a dedicated sandbox mechanism to promote linkages between strategic foreign investors and domestic enterprises is a timely, issue-focused, and highly feasible solution. If implemented successfully, this could become one of Vietnam’s notable institutional initiatives during the period of high-tech industrial development and deep integration into global supply chains, writes Huong Vu, general director of EY Consulting Vietnam.
Opinion - Wed, July 1, 2026 | 8:00 am GMT+7
Northern Vietnam province launches 2 affordable housing projects totalling nearly 7,840 units
Hung Yen province has broken ground on two affordable housing projects that will deliver nearly 7,840 apartments and rental units for workers and low-income residents, as the government steps up efforts to expand social housing.
Real Estate - Tue, June 30, 2026 | 10:25 pm GMT+7
Vietnam's top leader calls for leveraging foreign investment to strengthen domestic capacity, self-reliance
Party General Secretary and State President To Lam on Tuesday emphasized the need for a fundamental shift in Vietnam’s approach to foreign investment, affirming that the country aims to use external resources to strengthen domestic capabilities and strategic autonomy rather than simply attract capital.
Economy - Tue, June 30, 2026 | 4:11 pm GMT+7
DNSE among first brokers to join Vietnam's carbon market debut
Vietnamese brokerage DNSE said it had completed its trading, custody and settlement infrastructure ahead of the official launch of the country's carbon market on Monday, positioning itself among the first securities firms to participate in the new market.
Companies - Tue, June 30, 2026 | 3:22 pm GMT+7
Hanoi plans second international airport in city's southernmost part
Vietnam's capital Hanoi plans to build a second international airport in the southernmost part of the city under its newly approved master plan, creating a dual-airport system alongside Noi Bai International Airport to accommodate long-term growth in passenger traffic and strengthen regional connectivity.
Infrastructure - Tue, June 30, 2026 | 2:48 pm GMT+7
P&G Vietnam fined over consumer protection violations
The Vietnam Competition Commission has fined Procter & Gamble Vietnam (P&G Vietnam) VND390 million ($14,820) for violations of consumer protection regulations.
Companies - Tue, June 30, 2026 | 12:50 pm GMT+7
FDI firms pin hopes on Hanoi's 100-year master plan to boost high-tech investment
Foreign-invested companies said Hanoi's newly unveiled 100-year master plan could improve the investment climate, foster a highly skilled workforce and strengthen linkages between foreign and domestic businesses, as the Vietnamese capital shifts its focus from attracting investment to targeting high-tech projects and strategic investors.
Economy - Tue, June 30, 2026 | 10:43 am GMT+7
Stocks of Vietnam's smaller banks rally on capital plans, major bourse listings
Shares of several smaller Vietnamese banks have outperformed the broader banking sector in June, driven by plans to raise capital, issue bonus shares and transfer their listings to the Ho Chi Minh City Stock Exchange (HoSE).
Banking - Tue, June 30, 2026 | 8:17 am GMT+7
Vietnam's Politburo pushes for lighter criminal penalties for economic, technology offences
The Politburo, Vietnam's highest decision-making body, has directed a review of the country's criminal policy aimed at reducing prison sentences for economic- and technology-related offences while expanding the use of financial penalties, as part of efforts to encourage investment and support economic growth.
Economy - Mon, June 29, 2026 | 11:51 pm GMT+7
MB, tax authorities sign cooperation agreements to expand digital tax payment services
Military Commercial Joint Stock Bank (HoSE: MB) has signed cooperation agreements with Vietnam's General Department of Taxation and 20 provincial/municipal tax authorities to expand digital tax payment services and strengthen data connectivity between the banking and tax systems.
Banking - Mon, June 29, 2026 | 8:07 pm GMT+7
Vietnam officially launches first carbon trading exchange
Vietnam officially launched its carbon trading exchange on Monday, recording its first transactions in greenhouse gas emission allowances as the country moves to establish a domestic carbon market aimed at supporting its net-zero emissions goals.
Economy - Mon, June 29, 2026 | 4:48 pm GMT+7
