(Credit: DTCK) The integrated smart agricultural business model of Thanh Thanh Cong – Bien Hoa Joint Stock Com...
(Credit: DTCK) The integrated smart agricultural business model of Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS) brings mutual benefits to stakeholders, in which farmers can easily access advanced agronomic research.
Ms. Doan Vu Uyen Duyen - Deputy managing director of TTC AgriS
Since the end of October 2022, TTC AgriS has been actively transforming its business and governance model from purely agricultural production to a smart agricultural economic model integrating production – import and export – trade in agricultural services on a multinational development platform to keep up with ESG trends.
At the 2023 Sustainability Conference on the theme: "Our Responsibility – Our Actions" organized by Vietnam Investment Review in Hanoi, Ms. Doan Vu Uyen Duyen, Deputy General Manager of TTC AgriS shared the meaning of the letter S on the logo associated with the new business model.
As a result, the letter S is designed for 3 main contents: Solution, Sustainability, and Smart.
The main source of emissions in the agricultural sector comes from inaccurate farming. To change this, stakeholders, especially farmers, need to take a different approach to these resources.
TTC AgriS is moving towards the application of state-of-the-art technology to accurately predict the fertilizer content needed, avoiding the case of using too much or too little adapted to the type of soil to generate emissions. This is known as the precision agriculture model.
Then, the equally important model is called precision fermentation, which focuses on harnessing the value of sugarcane. Technology will play a key role, helping to eliminate intermediaries, emissions, and unnecessary steps in the product formation process.
In addition, TTC AgriS has also deployed the Oracle Cloud synchronous ERP platform for 34 units in 5 countries: Vietnam, Australia, Singapore, Laos and Cambodia with the aim of optimizing the supply chain and improving the efficiency of financial management. When all business activities in different countries are consolidated on the same platform, This makes governance fast and transparent.
"Investing in technology platforms will be expensive, but the benefits will be more long-lasting," Duyen said.
The goal when TTC AgriS invests in digitalization and high technology is to aim for sustainable development. Investment costs come from many stakeholders such as financial institutions, banks, etc. Therefore, when the platform expands and the transparency that comes with it, it will attract more companions
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