Tra Vinh Sugar Company: Promoting Agricultural and Rural Industrialisation and Modernisation

Tra Vinh Sugar Factory was formerly the Linh Cam - Ha Tinh Sugar Factory, which was reallocated to Tra Vinh province in November 2000 under the Decision No. 5256 QD/BNN-DTXD issued by the Minister of Agriculture and Rural Development, and August 13, 2001, the Linh Cam Sugar Factory was officially renamed to Tra Vinh Sugar Company under the Decision No. 3721/QD-BNN/TCCB issued by the Minister of Agriculture and Rural Development. In the new home, Tra Vinh Sugar Company became a highlight in the rural and agricultural industrialisation and modernisation programme. The company helped the locality to restructure crops local people incomes as well as living conditions.

 

Tra Vinh Sugar Company started production in Tra Vinh from the 2001 - 2002 crop and continuously made outstanding achievements both in production and business. After building Tra Vinh Sugar Factory, the province’s People's Committee decided to make intensive investments in the factory, specially a processing line with a daily capacity of 1,500 tonnes sugarcane. At present, the capacity has been raised to 1,800 tonnes per day and will be expanded to 2,000 tonnes from the 2010-2011 crop. In the following years, the processing capacity will be scaled up to 3,000-3,500 tonnes of sugarcanes.

 

Since the company built the material zone, Tra Vinh Sugar Company has always supported sugarcane growers. Hence, investments and supports have continuously increased. In the 2009-2010 crop, apart from offering seedling sugarcanes, fertilisers and off-take contracts, the company lent VND17 million per hectare of completely new crops to farmers and VND9 million per hectare of supplementary planting, according to the Bank for Investment and Development of Vietnam (BIDV). Farmers will be supported VND300,000 - 1.2 million per hectare if they return to growing sugarcanes, depending on the status. In addition, the company is now applying insured price of VND600 per kilo in addition to rewards for production and quality of sugarcanes. According to Mr Tran Dinh Trung, Director of Tra Vinh Sugar Company, the company will maintain sugarcane growing area of 5,000 - 6,000 hectares to ensure stable supply of 6,000 tonnes a day. The sugarcane productivity is 100 - 120 tonnes per hectare.

In the coming time, to expand the operating scale, Tra Vinh Sugar Company will focus on enlarging the material sugarcane area to 7,000-8,000 hectares and replacing lower-yield varieties with higher-yield ones. The company will, at the same time, invest in supplementing synchronous modern equipment to improve product quality. More importantly, the company will conduct research on new sugarcane varieties, boost sugar sales, research and develop new products. The firm will also strengthen relationships with farmers to create a stable supply of raw materials to become a leading sugar producer in the Mekong Delta region.