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Vietnam: Vingroup invests $44.2 million in greenhouse technology

In Vietnam, VinEco has began the construction of a 24.5 ha greenhouse in northern Vinh Phuc province. According to sources, the greenhouse will use Israeli technology and will become one of the largest food production greenhouses in the country.

The investment of the project is estimated at VND1 trillion ($44.2 million).

Upon completion it will supply 3,500 tonnes of hygienic fresh vegetables each year that meet VietGAP hygiene standards and other global standards.

Construction will finish in the fourth quarter and supply fresh food to customers via Vingroup’s Vinmart and Vinmart+ supermarket chains.

This is VinEco’s second greenhouse, after its first in Ho Chi Minh City’s Cu Chi district. The new greenhouse is a major step forward in large-scale investment in agriculture by Vingroup. VinEco plans to change the growing methods of Vietnamese people to ensure a healthy agriculture sector in the future.

Teshuva Agricultural Projects (TAP) is the Israeli partner of VinEco in the project.

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