Investing abroad in growing bananas and raising cows

Lê Thanh Phong |

The investor is THACO Group, where bananas are grown, which is Cambodia.

For many years, Vietnamese people have heard a lot of information about large and small foreign bosses coming to do business in Vietnam.

Vietnamese businesses investing abroad are not many, billions of USD are even rarer. THACO is a confident investor who spends a large amount of money, not to build a car assembly plant or build an urban area, but to grow bananas and raise cows.

THACO AGRI, belonging to THACO Group, invests in 2 Snuaol and Koun Mom Complexes in Kratie and Ratanakiri provinces - Cambodia, with a total area of nearly 40,000ha. Of which more than half is for cultivation, mainly bananas.

To mechanize and digitize agriculture, it is necessary to improve the field surface, level thousands of hectares of land, and invest in transportation, irrigation, and electricity infrastructure.

Vast banana fields, "riding a bus to see bananas" to know what a "large field" is, not theoretical pages but things witnessed with your own eyes.

Coming to the Snuaol and Koun Mom complexes, you can see that there are also banana growers with larger and more modern areas in the world, invested by a Vietnamese enterprise.

Automatic irrigation, bananas are transported by poles from the field to the factory, poles transport materials and fertilizers back to the field, a closed process.

The hills are cleared, the valleys are filled, creating flat fields to suit the application of mechanization and digitization in production.

Mr. Tran Bao Son, General Director of THACO AGRI, said that only maximizing science and technology in agriculture can ensure output, quality, and yield, meeting the most demanding markets.

Bananas from the factory are exported to Japan, China, Korea..., bananas are being grown in the fields but customers have placed orders and the two sides have completed the contract right from the beginning of 2026.

THACO is also confident in its banana output and quality when on November 26, 2025, it signed a contract to supply 71,500 tons of bananas a year to Fresh Del Monte - a 135-year-old US fruit corporation. Even more admirable, it is the commitment "1 million products are only allowed to have 1 faulty product".

Hearing that information, many people may be skeptical about THACO's confidence, but if you visit banana production complexes, from fields to packaging workshops, there will be no doubts left.

Growing bananas but not leaving anything from the banana tree. Standard bananas are exported, banana trunks produce fiber, other parts of the banana tree are processed into food to raise cows.

Cows are bought from Australia, raised for breeding according to scientific procedures. Cow manure is returned to fertilize banana fields, cow placenta is used to raise crocodiles...

Another very noteworthy thing is that Vietnamese businesses focus on taking care of workers when investing in Cambodia.

Nearly 30,000 workers, of which 90% are Cambodians. The general labor salary is equivalent to about 6-9 million VND, and technical workers 10-13 million VND.

Workers all live in the complex, are supported with 3 meals a day, have houses with full living amenities, electricity and water, convenience stores, community activity houses, medical rooms, and primary school classes for children of officials and employees.

THACO is a Vietnamese investor in Cambodia, creating a modern agricultural production area, attracting tens of thousands of local workers, contributing to further strengthening the traditional friendly relationship between the two countries.

Not only in Cambodia, THACO also invests in agriculture in Laos and Vietnam with a total agricultural area of up to 85,000ha. With the heart and vision of Mr. Tran Ba Duong - Chairman of THACO's Board of Directors, this enterprise can build a Vietnamese brand agriculture with an imprint on the world agricultural map.

Lê Thanh Phong
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