Ho Chi Minh City: Vietnam’s largest sugar producer, TTC AgriS, and Farmacist, one of Australia’s biggest independent agronomic service providers, have entered into an agreement to advance precise, sustainable and science-led farming practices across South-east Asia, The Business Times reported.
According to the newspaper, the deal includes a merger and acquisition element, though financial details were not revealed. The transaction was carried out through Global Mind Australia, AgriS’ international investment and partnership unit, with the goal of bringing high-tech agricultural solutions to market on a larger scale.
The collaboration will integrate Farmacist’s data, methods and advisory platforms into AgriOS, AgriS’ digital operating system. Together, the companies plan to create complete service models covering agronomic advice, farm inputs, mechanisation and precision farming tools.
These services, delivered through models such as software-as-a-service, farming-as-a-service and data-as-a-service, are expected to help farmers and agribusinesses make informed decisions while improving efficiency and results. AgriS said the move signals a transition from isolated efforts to connected solution systems designed to deliver measurable gains in productivity, sustainability and economic performance.
As part of the agreement, Farmacist will act as the centre of excellence within the AgriS ecosystem. Founded in 2010, the Australian consultancy employs more than 40 trained agronomists and professionals who will oversee the standardisation, validation and expansion of leading agronomic practices across different crops and regions. The firm will also support AgriS’ research and development, agronomy and extension hub, along with a network of demonstration farms and applied research platforms in Australia and South-east Asia.
AgriS currently operates three sugarcane demonstration farms across Vietnam, Australia and Cambodia, covering a combined 3,200 hectares, including 2,500 hectares in Australia. The company plans to increase the number of such farms to 11 by 2030, with new sites expected in Laos and Indonesia.
Established in 1969 under the Bien Hoa Sugar brand, AgriS manages a circular value chain that spans nearly 91,000 hectares of sugarcane and 30,000 hectares of coconut plantations across Vietnam, Laos, Cambodia and Australia.
The company, which is listed on the Ho Chi Minh City Stock Exchange, reported revenue of 28.5 trillion dong (S$1.4 billion) for the financial year ended June 30, 2025, marking a 2 per cent decline from the previous year. Net profit, however, rose 4 per cent to 834.5 billion dong during the same period.
The latest partnership builds on a collaboration that began in 2022, when the two companies conducted strategic reviews and agronomic advisory projects across their home markets as well as Laos and Cambodia.
Earlier, in 2024, AgriS invested A$1.5 million (S$1.3 million) in Brisbane-based East Forged to broaden its food technology portfolio with naturally brewed iced tea products. The Vietnamese sugar producer also works with several Australian agriculture companies, including Mort & Co, a major feedlot operator and fertiliser producer, and Agrovision, a Queensland-based developer of agricultural drone technology.
