Accordingly, SWOF will buy 30 percent of stake in Organica to become its strategic shareholder. It will also assist Organica in financial governance and offer it a long-term loan for market expansion.

Organica Executive Director Pham Phuong Thao (L) and SEAF Senior Managing Director Jennifer Buckey.

SEAF Senior Managing Director Jennifer Buckey said her firm is a global investment management group based in the US. It provides growth capital for promising small- and medium-sized enterprises in emerging markets. In Vietnam, SEAF has invested in over 20 companies operating in different fields, with Organica as the first organic food company it has invested in.

Apart from trade and financial factors meeting SEAF’s requirements, the Organica trademark has come to be highly trusted by customers. Its collaboration with farmers in many localities to switch from traditional to organic farming will ensure local sustainable development, she said.

Organica Executive Director Pham Phuong Thao said Organica is one of the pioneering trademarks in organic food production and supply in Vietnam, adding that the loan from SWOF will help Organica open more retail outlets, upgrade online sales system to bring more organic products to Vietnamese consumers, as well as improve its financial and workforce capacity.

Thao wished that more foreign funds and investors would invest in organic food and agriculture for mutual development. She said though the demand for organic food has increased, SMEs in organic agriculture still meet difficulties in the capital, business strategy, and access to consumers.

Bac Giang pays heed to economic investment and development in special difficult areas

(BGO) – Vice Chairman of the Bac Giang provincial People’s Committee Le Anh Duong on November 15 visited 4 most difficult hamlets in the province in 2016 – 2018 period, including Dong Mam and Co Vai hamlets in Son Hai commune as well as Suoi Chac and Ri hamlets in Phong Van commune (Luc Ngan district). He was accompanied by leaders of the provincial Ethnic Board, Bac Giang branch of Bank for Investment and Development of Vietnam and People’s Committee in Luc Ngan district. 

 

Mekong Delta calls for Japanese investment in 63 projects

Localities in the Mekong Delta region introduced 63 projects, including up to 12 in high-quality agriculture, to call for investment from Japanese firms during a Japan-Mekong Business Cooperation Forum in Can Tho city on November 3.

 

Vietnam, EU reiterate commitment to trade, investment deals

The Vietnamese Government and the European Commission (EC) have pledged to carry out the Europe-Vietnam Free Trade Agreement (EVFTA) and the Investment Protection Agreement (IPA) in a timely and effective manner.

 

Vietnam facilitates investment from EU, Belgium: Prime Minister

The Vietnamese Government is making concerted efforts to improve the business climate for both domestic and foreign enterprises, including those from Europe, Prime Minister Nguyen Xuan Phuc said on October 17. 

 

Vietnam – Denmark: Enhancing investment & trade relations

 

 

Source: VNA