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Partner networks offer fillip for cocoa industry

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Shortages of bean supply and elevated prices have prompted cocoa processors in Vietnam to augment partnerships with farmers and cooperatives.

Puratos Grand-Place Vietnam (PGPV), a joint venture between Belgium’s confectionery manufacturers Puratos Group and Grand-Place Holding, is Vietnam’s largest chocolate manufacturer. It is now boosting exports to Europe, the United States, Japan, and South Korea. Having been operating in Vietnam since 1994, PGPV currently has two factories – one producing chocolate and powder in the southern province of Binh Duong, and another processing cocoa mass in the Mekong Delta province of Ben Tre.

“Our factories have a designed capacity of 10,000 tonnes. However, they cannot operate at full capacity due to shortages of bean supply. Thus we have to import about 4,000-5,000 tonnes a year from the Philippines, Papua New Guinea, Uganda, Congo, Ghana, and Ivory Coast. We are purchasing more than 60 per cent of Vietnam’s total cocoa output on an annual basis,” Justin Jacquat, regional cocoa manager of Puratos, told VIR. “More than 70 per cent of chocolate in Vietnam used materials provided by PGPV.”

Partner networks offer fillip for cocoa industry
Partner networks offer fillip for cocoa industry, Photo: Thanh Tung

Vietnam’s total cocoa area is estimated to stand at about 2,700 hectares, with an average annual output of as many as 3,000 tonnes.

Over the past few years, PGPV has launched its own Cacao-Trace initiative aimed to purchase cocoa beans from localities. “We are boosting cooperation with many farmers’ households, cooperatives, and domestic companies to purchase high-quality beans and expand cocoa plantation areas in the provinces of Dak Lak, Dak Nong, Phu Yen, Binh Thuan, among others,” Jacquat said.

Cacao-Trace is a sustainable chocolate sourcing programme. It not only deals with the challenges in the industry but is an ‘expert’ in supporting the development of the farmers’ process, from seeding to taking care and harvesting the cocoa beans, in a sustainable way from.

PGPV is cooperating with more than 2,000 cocoa farmers. Previously, farmers harvested 500-600kg of bean per ha. However, under the company’s assistance, the figure has soared to an average 1.5 tonnes per ha within Cacao-Trace communities.

Other companies such as Marou, Trong Duc, BariaChocolate, CIC, and Nam Truong Son are also engaging actively in the Vietnamese cocoa industry.

Purchasing about one-quarter of Vietnam’s total cocoa output annually, Ho Chi Minh City-based Marou Chocolate currently has 19 stores nationwide, largely found in Vietnam’s biggest cities. It seeks to open stores in Singapore, France, and Dubai, and many of its products are organically produced. “We are continually developing a large network of local partners to directly purchase cocoa beans to produce future organic products. They include cooperatives and individual fermenters throughout 10 provinces,” said Vincent Marou, CEO of Marou Chocolate.

In 2024, the company’s total revenue grew by 50 per cent, which is also expected for this year.

High prices are encouraging agriculture companies to invest in the Vietnamese cocoa industry, which is full of potential. Marou’s demand for cocoa and chocolate continues to rise strongly, at 20-30 per cent a year. Cocoa prices have soared by 150 per cent since early 2024 and chocolate prices have followed suit.

Pham Huu Thoi, director of Nhat Thong Dak Lak Agriculture Co., Ltd., has added cocoa to its multisectoral investment and business portfolio since 2020. Thoi has invested about $6 million into developing a high-tech organic farm covering 300ha in Buon Ho town in Dak Lak, including 270ha of cocoa. One tonne of cocoa can be sold at about $8,000.

“Cocoa is easy to plant, and boasts great potential for development, while prices are increasing, currently at $9.80-10.60 per kilogramme in the Central Highlands province of Dak Lak,” Thoi told VIR. “We produce organic cocoa, focusing on natural farming practices.”

It is expected that Nhat Thong will begin exports of cocoa next month.

The EU has been supporting companies like PGPV, Nhat Thong, and cooperatives via a project worth $2.1 million, in producing cocoa for a circular economy. Beneficiaries include 3,500 cocoa producers, 500 employees on cocoa farms, and other cocoa-related businesses. The initiative covers production in the delta provinces of Ben Tre and Tien Giang, and in upland provinces where cocoa production remains strong.

“The project has helped farmers and companies improve cocoa quality and production process towards the circular economy, meeting stringent standards and regulations of the EU and the wider world,” said Julien Guerrier, Ambassador of the European Union to Vietnam. “Previously only beans were used, but now, cocoa pods can be used for making animal feed, organic fertiliser, and even plywood.”

The total funding of the Team Europe support in climate resilience, low carbon development and circular economy in Vietnam, including in the energy sector, currently stand at about €2.4 billion ($2.62 billion).

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Prime Minister holds talks with visiting Singaporean counterpart

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Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong agreeed on decisive and timely measures for enhancing political trust and creating new breakthroughs for the two countries’ comprehensive strategic partnership, during their talks in Hanoi on March 26.

Prime Minister holds talks with visiting Singaporean counterpart
Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong hold talks in Hanoi on March 26. (Photo: VNA)

Hanoi – Prime Minister Pham Minh Chinh and his Singaporean counterpart Lawrence Wong held talks in Hanoi on March 26, agreeing on decisive and timely measures for enhancing political trust and creating new breakthroughs for the two countries’ comprehensive strategic partnership.

The Vietnamese Government leader highlighted the significance of his guest’s official visit, saying that this is the first high-level trip since the two countries upgraded their relationship to a comprehensive strategic partnership during Vietnamese Party General Secretary To Lam’s official visit to Singapore.

It is also a highlight for 2025, which marks the 80th anniversary of Vietnam’s National Day and the 60th anniversary of Singapore’s, sending a strong message about the two countries’ determination to realise the new cooperation framework, he said.

The host congratulated Singapore on its development achievements and wished the country success in organising its general election in 2025. He expressed his belief that the city state will successfully implement the Forward Singapore (Forward SG) and “Singapore Dream” initiatives, thus building a fair, harmonious, and increasingly prosperous society.

Chinh said that Vietnam is implementing a strategy of speeding-up and making breakthroughs to reach the finish line, striving to achieve double-digit growth from 2026 onwards, towards entering a new era – that of the nation’s rise and prosperous, civilised, and thriving development.

For his part, Wong expressed his delight at his first visit to Vietnam as the PM of Singapore, stressing that his trip aims to promote the implementation of cooperation outcomes between the two countries.

He affirmed that Vietnam is one of Singapore’s most important partners in the region, and congratulated Vietnam on its remarkable achievements after 40 years of the “Doi moi” (renewal) process to become one of the leading economies in ASEAN.

The Singaporean PM emphasised the historic significance of the establishment of the comprehensive strategic partnership, stating that Vietnam being Singapore’s first comprehensive strategic partner in ASEAN reflects the trust, close-knit ties, and aspirations of both countries’ leaders and peoples to develop the Vietnam – Singapore relations more extensively, intensively, and effectively.

Both leaders expressed their satisfaction with the robust development of the bilateral relations. Singapore has maintained its position as the second-largest foreign investor in Vietnam, with two new Vietnam – Singapore Industrial Parks (VSIPs) getting investment approval, expanding their network to 20 facilities across 14 cities and provinces. The bilateral trade volume demonstrated steady growth, reaching 10.3 billion USD in 2024, with Vietnam emerging as Singapore’s largest rice exporter.

The PMs also acknowledged considerable advancements in defence, security, education, technology, tourism, labour, and people-to-people exchanges.

They committed to decisive and timely measures to bolster political trust, creating breakthroughs for the comprehensive strategic partnership. They aim to swiftly complete and effectively carry out an action programme, bringing in full play their new cooperation framework for 2025-2030.

The two sides concurred to enhance the exchange of delegations at all levels, effectively implement bilateral cooperation mechanisms, and reinforce defence and security collaboration on the basis of mutual confidence and understanding, contributing to peace, stability, and development in the region and the world.

They pledged to enhance economic connectivity through five key pillars of the Vietnam – Singapore Connectivity Framework Agreement and the Green Economy-Digital Economy Partnership, positioning the bilateral cooperation as the regional exemplar.

Chinh proposed Singapore to create favourable conditions for Vietnamese agro-forestry-fishery products and processed food to hit the shelves of its distribution system. Besides, he suggested developing the VSIP 2.0 network with a focus on sustainability and smart technologies to optimise high-quality investment attraction.

His Singaporean counterpart agreed to clarify key aspects of upgrading the VSIP network, ensuring greener and more intelligent and efficient development. He also endorsed the Vietnamese leader’s “six major goals” proposal, which encompasses deeper political trust, more substantive defence cooperation, more effective economic connectivity, stronger people-to-people exchanges, more breakthrough science-technology collaboration, and closer international regional cooperation.

Wong highlighted the need for substantive development in offshore wind energy export, carbon credit exchange, and fintech collaboration through the cross-border retail payment connection project using QR codes and data transmission, helping facilitate enterprises’ business operation.

The two leaders agreed to deepen cooperation in key areas, including education, workforce training, food security, cultural and art exchanges, tourism, and aviation, business-to-business and people-to-people connectivity.

PM Chinh proposed that Singapore receive Vietnamese workers under its labour visa scheme, expand the range of accepted professions, facilitate Vietnamese language education in schools with a significant number of Vietnamese students, and help promote the role of the Vietnamese expat community there.

On regional and multilateral cooperation, both host and guest commended their nations’ close coordination and mutual support in their candidacies for posts within UN organisations. They agreed to work with other ASEAN member states to maintain the bloc’s solidarity, unity, and centrality, as well as to advance sustainable development in subregions, including the Mekong subregion.

The two PMs agreed to maintain the shared stance of ASEAN on the East Sea, underscoring the importance of maritime and aviation freedom and safety. They said there is a need to fully and effectively implement the Declaration on the Conduct of Parties in the East Sea (DOC) and foster an environment conducive to the development of a substantive and effective Code of Conduct in the waters (COC) in line with international law and the 1982 United Nations Convention on the Law of the Sea (UNCLOS).

Following their talks, the Vietnamese and Singaporean leaders witnessed the signing of several cooperation agreements, including a letter of intent on developing an action programme for the countries’ Comprehensive Strategic Partnership. Other pacts cover offshore wind power trade, cross-border QR code payments, digital development and innovation, and people-to-people exchange.

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Vietnam – Singapore Comprehensive Strategic Partnership

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At the invitation of Vietnamese Prime Minister Pham Minh Chinh and his spouse, Singaporean Prime Minister Lawrence Wong and his spouse will pay an official visit to Vietnam on 25-26 March 2025. The two countries established diplomatic ties in 1973, upgraded to a Strategic Partnership in 2013, and further elevated relations to a Comprehensive Strategic Partnership in March 2025. This new framework strengthens political trust, expands cooperation, and sets a model for international partnerships based on mutual respect, sovereignty, and international law.

Vietnam - Singapore Comprehensive Strategic Partnership
Vietnam – Singapore Comprehensive Strategic Partnership, source VNA

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Thailand’s coastline at risk as world’s largest iceberg melts

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According to Sonthi, in Thailand, where sea levels have already been rising by an average of 5.8 mm per year, the most vulnerable areas include Phra Samut Chedi district in Samut Prakan province, Bang Khun Thian district in Bangkok, and Bang Krachao in Samut Sakhon province.

Thailand’s coastline at risk as world's largest iceberg melts
Thailand’s coastline at risk as world’s largest iceberg melts, Illustrative Image (Photo: thai.news)

Bangkok – A Thai environmental expert has warned that the country’s coastline faces a risk of disappearance within 25 years as the world’s largest iceberg, A23a, melts rapidly due to rising global temperatures, contributing to rising sea levels.

Sonthi Kotchawat, an esteemed oracle of environmental and health sciences, revealed that the iceberg A23a, pning approximately 3,500 square kilometres with an average thickness of 280 metres, has been grounded off South Georgia Island near Antarctica since breaking away in 1986, local media reported.

As global temperatures continue to exceed the 1.5 degrees Celsius threshold set by the Paris Agreement, A23a is at risk of breaking into smaller icebergs, which can disrupt key shipping routes in the Southern Ocean. This fragmentation could also impact commercial fishing and threaten local wildlife, including seals and penguins, Sonthi said.

The expert explained that when melting, the iceberg releases carbon dioxide and unlocks a cascade of nutrients into the azure waters—a biochemical serenade that might spur paradoxical blooms of life in the form of plankton, whose proliferation could reverberate through food chains.

According to Sonthi, in Thailand, where sea levels have already been rising by an average of 5.8 mm per year, the most vulnerable areas include Phra Samut Chedi district in Samut Prakan province, Bang Khun Thian district in Bangkok, and Bang Krachao in Samut Sakhon province.

He also cited a report by UNESCO, warning that if current trends persist, severe flooding will become more frequent in Thailand’s low-lying areas by 2050, negatively affecting 10% of the country’s population.

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