Netafim, a leader in drip and smart-irrigation solutions, has announced that it has signed a US$17 million agreement with Vingroup Joint Stock Company, Vietnam’s largest publiclytraded real estate operator. According to the agreement, Netafim will supply greenhouse structures, drip products, climate control systems, growing platforms, know-how, and agronomic and support services for Vingroup. This is the first deal between the two companies, and represents Vingroup’s initial investment in the agricultural sector. Vingroup’s new agricultural subsidiary, VinEco, will carry out the project, the first of several large-scale agricultural projects aiming to provide clean, fresh and high-quality fruit and vegetables to Vietnamese residents.
