Supporting rice farmers in Vietnam
We're the first foreign bank to support the development of the Big Paddy Field model in Vietnam – a move that will benefit millions of rice growers.
Rice is the staple food of over half the world’s population and demand is rising, especially in China and Africa. It’s big business for Vietnam, as the world’s second largest exporter of rice after India.
What’s the Big Paddy Field model?
The Big Paddy Field model is an integrated rice production chain that our client, An Giang Plant Protection Joint Stock Company (AGPPS), has operated for more than three years.
AGPPS purchases rice paddies from participating farmers and appoints agricultural engineers to assist with production. This helps to raise the overall quality of the rice, offers better returns, improves financial security and removes costly intermediaries.
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