Who is the agricultural giant that decided to join the Vietnamese stock market?

Who are the major agricultural companies that have decided to enter the Vietnamese stock market?

After nearly a decade of partnering with farmers to elevate Vietnamese agricultural products, Tien Thinh Group Joint Stock Company (Tien Thinh Group) has made a significant transformation by listing its shares on the Upcom stock exchange (trading code TT6).

The first decade: Pioneering and steadfast in bringing Vietnamese fruits to the world.

Located in a tropical region with year-round orchards, Vietnam boasts a wide variety of fruits that few other countries possess. Vietnamese fruits are not only a major source of income for agricultural regions but also a source of national pride. However, most domestic fruits are consumed fresh and exported as raw materials. Therefore, even a slight change in consumption plans or market difficulties can lead to erratic fluctuations in agricultural product prices.

Images of thousands of tons of lychees, dragon fruit, durian, etc., stuck at international border crossings and unable to be exported, and annual fruit rescue operations, have become a nightmare for Vietnamese agricultural products. Discarding or selling the fruit at low prices has become a constant concern.

Understanding this concern, since its establishment in 2014, Tien Thinh Group has followed a differentiated strategy by investing in fruit processing technology with two main product lines: dried fruit and pure fruit juice.

A representative from the corporation stated that this offers several significant benefits. Firstly, it diversifies products, as a single fruit can yield many different products. Secondly, it ensures quality and extends shelf life, eliminating concerns about spoilage and rotting that fresh food often faces. Thirdly, it not only stabilizes prices but also enhances the value of agricultural products. Fourthly, it completely resolves the common worries of farmers regarding price manipulation and unsold inventory, alleviating the dilemma of "bumper harvest, low prices."

Not content with simply partnering with farmers to create high-value specialized farming areas, and driven by the desire to bring Vietnamese agricultural products to the world, Tien Thinh has upgraded its production line to meet stringent global standards.

The corporation has invested hundreds of billions of VND in applying machinery and technology from Europe and the United States to its production process. Tien Thinh has received many prestigious and reputable food safety certifications such as HACCP, ISO 22000, BRC Food, FDA, KOSHER, HALAL, and SEDEX.

To date, Tien Thinh's products are available across four continents: America, Europe, Australia, and Asia.

Thanks to this, Tien Thinh proudly became a pioneering Vietnamese enterprise successfully conquering the most demanding market, the United States, with Vietnamese fruits. To date, Tien Thinh's products are available across four continents: America, Europe, Australia, and Asia. Simultaneously, it is a sustainable partner of leading global names in the agricultural, food, and retail sectors such as Costco, Refresco, and Tropextrakt… This has significantly contributed to enhancing the value and position of Vietnamese agricultural products on the global agricultural map. With its outstanding and valuable contributions to the country's agricultural industry, the group has been honored with numerous prestigious awards.

Going public: The beginning of a rapid transformation.

The Vietnamese fruit export market is facing a great opportunity as it is increasingly highly regarded globally. Furthermore, the US is considering recognizing Vietnam as a market economy, which will greatly boost exports to the US and European markets, with the agricultural sector directly benefiting.

Seizing the trend, Tien Thinh Group quickly listed its shares on the Upcom exchange, registering its presence on the stock market and opening up many new opportunities.

Being eligible for listing on the stock exchange helps the corporation enhance its reputation with partners, customers, and investors, increasing its enterprise value. It also serves as an important springboard for Tien Thinh to attract new investment capital in a transparent manner for reinvestment in production lines, expansion of specialized farming areas, expansion of export markets, and expansion of business scale.

To meet the demands of the new development phase, in addition to the key specialized farming areas in the Mekong Delta, Tien Thinh is expanding to many other localities in the Central Highlands such as Dak Lak and Lam Dong, as well as central provinces like Nghe An and Ha Tinh . At the same time, it is diversifying its processed products and fruit varieties.

Tien Thinh Group Joint Stock Company (Tien Thinh Group) has made a significant transformation by listing its shares on the Upcom stock exchange (trading code TT6).

Furthermore, the corporation will continuously invest in research, development, and application of new technologies to create value-added product lines such as organic fruit juices and nutritious fruit-based foods. It will penetrate new, high-potential markets such as the Middle East, Latin America, and Africa, and invest more heavily in international marketing campaigns. In addition, the company will participate in numerous international events and trade fairs both domestically and abroad, introducing Vietnamese agricultural products to the international market.

Source: https://baodautu.vn/dai-gia-nong-san-quyet-dinh-gia-nhap-thi-truong-chung-khoan-viet-la-ai-d221212.html