Pomelo

3 Comma Capital, Inco World, Green Egg invest in high-tech agriculture in Vietnam

Ho Chi Minh City, June 2018 – 3 Comma Capital has partnered up with Inco World and Green Egg to invest USD2.5 million in a high-tech farming project to grow green-skin pomelo in the Mekong Delta region, Vietnam.

Green-skin pomelo is unique to the Mekong Delta region of Vietnam and has been recognized by the Ministry of Agriculture and Rural Development as a national breed. The fruit is famous for its mildly sweet taste, juiciness, attractive color, and nutritional values. It contains important vitamins and minerals which help boost immunity, aid in weight loss, regulate blood pressure and reduce heart attacks.

In recent years, green-skin pomelo has reached as many as 50 different export markets. Demand for high-quality, sustainably grown pomelo is increasing rapidly. Compared to the other types of pomelo, green-skin pomelo requires more care and techniques to grow effectively. The current average yield of 15-20 tons per hectare leaves a significant gap for improvement.

Commencing its first phase on an area of 100 hectares in 2018, the farming project will be led technically by Mr. Hai Phan, a Soc Trang native and second-generation pomelo farm owner. Over his more than 20-year career, Mr. Hai Phan is widely known in the region for his masterful techniques, especially in grafting and producing high-yield crops all year round. The farm will also benefit from the expert production management capabilities of 3 Comma Capital and apply advanced agricultural technologies to achieve a target average yield of 50 tons per hectare as well as a fully integrated and traceable system of production.

About the investors

• 3 Comma Capital

  3 Comma Capital is an investment platform based in Singapore and Vietnam. 3 Comma Capital has extensive experience in high-tech agriculture production from its association with Viet-Uc Group – a top shrimp producer in Vietnam. It also successfully invests in many other technologically disruptive start-ups in logistics and retail.

• Inco World

  Inco World is an investment platform based in Singapore and co-invests with Green Egg in many projects in Vietnam.

• Green Egg

  Green Egg is a Korean diversified investment company based in Seoul. The company was established by Mr. Jung In Sub, an experienced investor and operator with many years at high-level positions in leading Korean corporations including Daewoo, Byucksan, and Hanwha. Green Egg focuses on Southeast Asian markets in general and Vietnamese market in particular in renewable energy, agriculture, and financial services.