Hyundai Corp keens to invest in Vietnam’s agriculture

Friday, 10:50, 18/09/2015

(VOV) - A delegation from Korean Hyundai Corporation led by its president Mong Hyuck Chung made a fact-finding tour of vegetable and fruit growing areas in the Mekong delta provinces of Long An and Tien Giang on September 17 to seek investment opportunities in Vietnam’s agriculture.

In the previous day, the delegation visited fresh and frozen vegetable and fruit production lines of Lavifood Corporation at Phu An Thach industrial zone in Ben Luc, Long An and pineapple growing farms in Tien Giang province.

Lavifood Director General Pham Ngo Quoc Thang said after the first visit to the company six months ago, Hyundai Corporation decided to make a field survey before choosing a vegetable and fruit supplier.

Lavifood which has a total investment capital of US$25 million, specialises in vegetable and fruit processing. In the first stage which is valued at US$6 million, productions lines with an annual capacity of 15,000 tonnes of products will be put into operation on September 21.