Page 60 - Agricultural innovation

2004: Equitized after 15 years of operation, An Giang Plant Protection has made great strides in
sustainability. The company was equitized in 2004 with a charter capital of 150 billion VND.
2006: The company started building the so called “3 Together Force” and deployed a major program
together with farmers in the fields, creating a leap in access to modern farming techniques for farmers
nationwide. From 12 member engineers, the 3 Together Force has now grown to nearly 1,200 engineers
who go to the fields with farmers and became the largest force working with farmers in the fields
in Vietnam.
2010: Establishment of Food industry. The first large sample fields were built by the company
throughout the Mekong Delta and Vietnam’s first rice value chain was gradually shaped.
2012: Put into operation Dinh Thanh Agricultural Research Center. This is the first large-scale
agricultural research center under a private company in Vietnam. Through this center’s technological
research activities, the company establishes and maintains extensive and close strategic cooperation
relationships with many international and domestic corporations, institutes, and schools in the field
of agriculture.
August 23, 2015: in Cao Lanh City, Dong Thap, An Giang Plant Protection Joint Stock Company
officially changed its name to Loc Troi Group Joint Stock Company. The An Giang Plant Protection brand
that has been known and trusted by farmers for the past 22 years is starting a historic transformation
with a focus on serving farmers through the strategy of building a leading agricultural value chain top
of the world.
2017: Loc Troi Group was honored to become a National Brand and one of 12 typical enterprises
celebrating the 30th anniversary of the country’s innovation. Looking forward to a happy future,
committed to bringing sustainable values, Loc Troi Group has been accompanying Vietnamese farmers
to write a new story today and for future generations.
2019: Establishment of Loc Troi Agricultural Research Institute, based on the research and
development fields of each individual industry under Loc Troi Group, opening a new phase.
Currently, with nearly 3,600 employees, 22 subsidiaries and affiliated companies, one research
institute and five pillar industries, 27 factories (owned and affiliated) producing fertilizers, pesticides,
and packaging, seeds and food, Loc Troi Group is still making every effort to bring Loc Troi Group’s
sustainable agricultural value chain to new heights every day, contributing to bringing sustainable
value to Vietnam’s agriculture, farmers, and rural areas.
Through the development process, Loc Troi Group has made creative innovations in building a
sustainable agricultural ecosystem in the following contents:

a) Building the rice value chain into a sustainable agricultural ecosystem, ensuring the role and
interaction between the components constituting the business ecosystem�
Transforming from agricultural production to agricultural economy; from single industry to
industry integration; from agricultural supply chains to multi-industry value chains; from value to
multi-value integration; from high output to high technology, ecology, responsibility, sustainability;
from input support to combining input supply and output consumption, Loc Troi Group has reorganized
the rice value chain into an agricultural ecosystem that takes scientific research as the starting point
for an ecosystem that takes sustainable long-term goals.
Loc Troi Agricultural Research Institute was established on the R&D foundation of industries
throughout the value chain, shaping connectivity and unity right from the beginning of the chain.
This is the department responsible for testing the correctness and suitability of all input materials of
the value chain, including seeds, fertilizers, pesticides, and farming processes through production
processes, applications, and new technologies. With a team of scientists and investment in facilities for

Agricultural Innovation Review in CLV Countries 53