General Secretary To Lam witnesses the signing of a strategic partnership agreement between TTC AgriS and Sungai Budi Group
Ms. Dang Huynh Uc My, Chairlady of TTC AgriS, and Mr. Oey Alfred, Director of Sungai Budi Group, Indonesia's largest agribusiness conglomerate, signed the agreement to advance sustainable green agriculture on March 10th.
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Driving sustainable high-tech agriculture collaboration with Indonesia
The signing occurred during General Secretary To Lam's state visit to Indonesia and an official visit to the ASEAN Secretariat in Jakarta at the invitation of Indonesian President Prabowo Subianto and ASEAN Secretary-General Kao Kim Hourn. This event marks a significant step in agricultural and economic cooperation between Vietnam and Indonesia, coinciding with the 70th anniversary of their diplomatic relations and the 30th anniversary of Vietnam's accession to ASEAN.
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| Representatives of TTC AgriS and Sungai Budi Group at the signing ceremony of the Vietnam - Indonesia agricultural economic development cooperation agreement on March 10, 2025, witnessed by Vietnamese Party General Secretary - H.E. To Lam and Ministers of the two countries |
TTC AgriS, a Vietnamese enterprise with a strong presence in Indonesia's agricultural sector, will collaborate with Sungai Budi Group to apply scientific advancements to high-tech agriculture and agricultural value chains in Indonesia, particularly in sugarcane and coconut.
In the sugar sector, the partnership will focus on technology transfer, plantation management best practices, digital agro-solutions, and trade processes. A 2,000-hectare demonstration farm will be established in Indonesia to showcase advanced cultivation technologies. A joint agriculture R&D centre is also planned.
In the coconut sector, the companies aim to develop a production and commercial platform with an initial capacity of 120 million litres/kilograms of coconut products for the Indonesian and global markets. They also plan to develop 20,000 hectares of organic coconut ecosystems in collaboration with local growers.
This partnership will facilitate cross-border technology transfer and management exchange, enhancing the agricultural value chain. For Indonesia, a major producer of sugarcane and coconut, this collaboration is expected to improve efficiency, quality, and sustainability in its agribusiness sector. This collaboration will further promote bilateral trade, contributing to the shared goal of raising Vietnam-Indonesia trade volume to USD 18 billion by 2028.
Government's support drives multilateral trade expansion
TTC AgriS, a leading Vietnamese high-tech agricultural enterprise, is committed to a circular growth strategy prioritising traceability, environmental impact reduction, cost optimization, and value-added production.
TTC AgriS has established strong international partnerships with governments and strategic players in Australia, Singapore, Indonesia, China, the United States, Canada, and other key nations. These partnerships enable TTC AgriS to create economic value and build robust global trade platforms to address challenges related to climate change, food security, and responsible farming practices.
TTC AgriS has established a strong foundation for agricultural and trade cooperation in Indonesia. In late 2024 and [Correct Year], the company held high-level meetings with the Indonesian Consul General in Ho Chi Minh City, Vietnam’s Ambassador to Indonesia, and key partners to promote nutritional, nature-based solutions and FBMC products.
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| TTC AgriS met with the Vietnamese Ambassador to Indonesia, Ta Van Thong, to enhance bilateral collaboration. |
The recent expansion of TTC AgriS’s presence in Indonesia is part of its 2030 global trade strategy, which aims to support sustainable agriculture and provide nature-based nutritional products. This initiative aligns with Vietnamese Party General Secretary To Lam’s directive to boost scientific development, innovation, and digital transformation, reinforcing TTC AgriS’s commitment to national modernization and industrialization.
Chairlady Dang Huynh Uc My stated, “Our global collaboration strategy enhances product quality and market reach, reinforcing our commitment to sustainability. By integrating advanced technologies with decades of industry experience, we aim to contribute meaningfully to the development of modern agriculture in Vietnam and the region.”
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| TTC AgriS and Sungai Budi have formed a comprehensive partnership to develop sustainable high-tech agriculture. |
With strong governmental support for digital transformation and green agriculture, TTC AgriS is actively building bridges between businesses, scientists, government agencies, and NGOs. The newly signed agreement with Sungai Budi Group is a catalyst for TTC AgriS’s growth and a new chapter in building a modern, high-tech, and globally integrated agriculture industry.
| About TTC AgriS (Thanh Thanh Cong – Bien Hoa Joint Stock Company, stock code: SBT) With over 55 years of sustainable development, TTC AgriS (Stock code: SBT) is the region's leading high-tech agricultural enterprise, holding 46% of Vietnam’s sugar market share and exporting to over 69 international markets. The company manages a total cultivation area of 71,797 hectares across Vietnam, Laos, Cambodia, and Australia. It offers a diverse portfolio ranging from sugarcane, coconut, banana, and rice to natural nutritional food products. Guided by its mission to build green and modern agriculture, TTC AgriS continuously innovates and optimizes its commercial value chain under the AgriS Circular Commercial Value Chain model. The company targets VND 60.000 billion in revenue by 2030 while committing to achieve Net Zero emissions by 2035.
About Sungai Budi Group Established in 1947, Sungai Budi is one of Indonesia's largest agricultural corporations, operating over 30 processing plants for sugarcane, coconut, cassava, palm oil, and more. The Group holds 90% of the domestic market share in rice and wheat flour under the ROSE brand. The Group manages hundreds of thousands of hectares of agricultural land. It operates an extensive logistics, warehousing, and seaport system, with a retail network of over 22,000 stores and over 65,000 workers. With its strong capabilities, Sungai Budi plays a pivotal role in Indonesia’s agricultural sector and the broader regional market. |
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