The agreement signed at Thaco Group headquarters in Ho Chi Minh City establishes long-term banana sourcing from Vietnam and Cambodia operations, while supporting Fresh Del Monte’s strategy to diversify its global supply network and address rising production challenges in the banana industry
Fresh Del Monte Produce has announced it has entered into a strategic partnership with Thaco Agri, the agricultural division of Vietnam’s Thaco Group and a leading regional producer with large-scale farming operations in Vietnam and Cambodia.
The agreement, signed today (26 November) during a ceremony at Thaco Group headquarters in Ho Chi Minh City, establishes a long-term partnership for the sourcing of bananas from Thaco Agri’s operations.
It also aligns with Fresh Del Monte’s strategy to broaden its global sourcing footprint and expand its presence in Southeast Asia, the group stated.
In addition, Thaco Agri will develop dedicated pineapple cultivation areas to meet Fresh Del Monte’s demand through a suitable and phased roadmap.
“Partnering with Thaco Agri is an important step in strengthening our sourcing capabilities in Southeast Asia,” said Mohammad Abu-Ghazaleh, Fresh Del Monte’s chairman and CEO.
“Their scale and integrated-circular operations align with our long-term strategy to build a more resilient and diversified supply network.”
The partnership also supports Fresh Del Monte’s efforts to address rising global production challenges across the banana industry, reinforcing the company’s commitment to supply-chain stability and long-term resilience.
Thaco Agri’s agricultural platform spans more than 85,000 hectares across Vietnam, Cambodia, and Laos, applying a large-scale integrated-circular and organic production model – including fruit cultivation and livestock farming.
According to the statement, the partnership further enables Thaco Industries – Thaco’s mechanical engineering sub-holding – to work with Fresh Del Monte on mechanisation and automation solutions, leveraging its work with Thaco Agri to enhance agricultural productivity and operational efficiency.
“We highly appreciate our new partnership with Fresh Del Monte,” said Tran Ba Duong, Thaco’s chairman.
“This partnership is an important step for Thaco Agri’s agricultural operations, and we look forward to building a stable, long-term collaboration that supports both organisations.”
