Korean CJ Group invests US$2.1 million in growing chilli in Vietnam
Korean CJ Group invests US$2.1 million in growing chilli in Vietnam
The CJ Group - the leading group of food material distribution from the Republic of Korea –has decided to officially plant chilli in Vietnam after six months successfully conducting a pilot project in southern Binh Thuan province.
It will spend US$2.1 million and cooperate with the Korea International Cooperation Agency (KOICA) and farmers to grow chilli on 10 hectares in Ninh Thuan.
The new crops will start in July. CJ Group will supply chilli varieties and fertilisers and send its experts to assist Ninh Thuan farmers in farming and caring techniques.
CJ is expected to yield around 200 tons of fresh chilli from the 10ha cultivation area annually.
CJ has operated in Vietnam since 1998 and set up CJ Vina Agri in Vietnam, specializing in the production and trading of animal feed. It now owns has three animal feed processing plants in Long An, Vinh Long and Hung Yen provinces and two subsidiary companies CJ IMC and CJ Korean Express, which supply logistics services.
CJ became popular in 2014 after purchasing the Megastar cinema system and renamed it CJ CGV.
