An Giang Plant Protection Services Company (AGPPS) was incorporated in accordance with the decision by An Giang Province People’s Committee dated November 30, 1993, with a small facility, an initial investment capital of VND 750 million and 23 employees.
Starting as a crop chemical supplier, with the reliable product quality and breakthrough business strategy, the company has gradually gained the trust from national farmers. Coming from a small province in the Mekong Delta region, AGPPS quickly opened Ho Chi Minh City branch in 1994 and extended its business throughout the country with constantly increasing scales and sales.
1996: THE OPERATION OF THE SEED RESEARCH AND PRODUCTION CENTER
In 1996, with the operation of the Seed Research and Production Center, AGPPS officially penetrated in the potential seed research and business. With strong focus on knowledge and technology investment in rice variety research and breeding, AGPPS has gradually become the leading seed trader in Vietnam.
1996: DEVELOPED 2 CROP CHEMICAL FACTORIES
Also in 1996, AGPPS has boldly developed 2 crop chemical factories with a total capacity up to 5,000 tons per year with a variety of products. The development of such factories helped the company in selling cost reduction; improvements in the design were suitable for the taste of farmers; product quality and yield were stable, which helped the company to extend the distribution network and services for the farmers.
1999: AGPPS RAISED ITS INVESTMENT CAPITALTO AS MUCH AS 57 TIMES
In 1999, after 6 years of operation, AGPPS raised its investment capital to as much as 57 times, with a turnover of VND 600 billion compared to VND 13 billion during the first years of incorporation, with payments to the national budget totalling VND 109.8 billion.
2000: HONOURED WITH THE TITLE OF “HERO OF LABOR” BY GOVERNMENT
In 2000, the company was honoured with the title of “Hero of Labor” by the Government for the outstanding achievements in its production and social activities. In early 2000, the company’s management team was determined to make the company become a sizable conglomerate with the world-leading sustainable agricultural value chain.
Fifteen years later since the idea to build the conglomerate was addressed, AGPPS has made sustainable development steps.
The company was equitized in 2004 with the charter capital of VND 150 billion.
2006: DEVELOPED THE “TOGETHER WITH FARMERS TO THE FIELD” PROGRAM
The company established the Toge-three agricultural engineers and developed the “Together with Farmers to the Field” Program in 2006, creating a quantum leap in making modern cultivation techniques available to farmers nationwide.
Started in 2006, the number of those agricultural engineers was 12, now it has soared to 1,300. Guinness Vietnam official recognized Loc Troi’s “To the Fields with Farmers” campaign as the biggest of its kind in Vietnam.
2010: THE FOOD DIVISION OF THE COMPANY OFICALLY OPERATED
In 2010, the Food division of the company offically operated. The first large-scaled paddy fields were formed throughout the Mekong Delta region and the first rice value chain in Vietnam was gradually shaped.
2012: ESTABLISHED DINH THANH AGRICULTURAL RESEARCH CENTER
In 2012, AGPPS established Dinh Thanh Agricultural Research Center, the first large-scaled agricultural research center owned by a private company.
The company has created strategic cooperation relationships with many local and international economic groups, academic institutions in agriculture.
2014: SHARE ISSUANCE TO FARMERS
In 2014, AGPPS raised its charter capital to VND 652.05 billion. AGPPS was the first company to succeed in issuing nearly 1.9 million shares to farmers.
The company’s total asset value as of end 2014 reached VND 5,702 billion. The 2014 revenue of the company reached VND 8,846 billion, with a pre-tax profit of VND 701 billion. The total number of employees as of end 2014 was 3,439.
2014: THE SUSTAINABLE AGRICULTURAL VALUE CHAIN
After 22 years of incorporation, AGPPS has become the leading agricultural manufacturer and supplier in Vietnam, with the sustainable value chain from research, production, trading in seeds, crop chemicals, biological-organic products.
Particularly in rice production, AGPPS has become a leader in building the rice production value chain, with 5 advanced rice mills in the Mekong Delta region and the involvement of over 40,000 farmer households in high-quality rice production and technical support of 1,300 Toge-three agricultural engineers.
2014: AGPPS STARTED TO BUILD THE COFFEE PRODUCTION VALUE CHAIN
In 2014, AGPPS started to build the coffee production value chain, with the first steps in the support to the Central highlands farmers solving the challenges in re-planting of coffee plants.
Huong Vi Troi Coffee One Member Company Limited, based in Buon Ma Thuot, Dak Lak, Western Highlands the coffee capital, is the strategic unit in the deployment of Loc Troi Group’s coffee value chain. Our agricultural engineers from 3 Cung Force are co-operating with coffee growers to build the material area, to select best quality coffee beans, and to apply modern processing technology in order to bring consumers top class Huong Vi Troi coffee.
2015: AGPPS OFFICIALLY CHANGED ITS NAME INTO LOC TROI GROUP
On August 23, 2015, AGPPS officially changed its name into Loc Troi Group in Cao Lanh City, Dong Thap province. The brand name of An Giang Plant Protection Company known and trusted by farmers for the last 22 years has made a historical transformation with the focus on farmers’ service through the strategy of building the world-leading agricultural value chain.
2017: PROUD TO BE VIETNAM VALUE BRAND
In 2017, Loc Troi Group is proud to be Vietnam Value Brand. Loc Troi Group always has always will work together with Vietnamese farmers to write a new story for Today and Future Generations.