July 6th, 2017, during a visit to Germany and Netherlands by Prime Minister Nguyen Xuan Phuc along with senior delegates of Vietnam, Tracodi (TCD) has signed a Cooperation Agreement with Indoba GmbH (Germany) on product distribution at the Vietnam-Germany business forum.
According to the Agreement, Indoba will be the exclusive distributor of TCD products in Germany and Europe with a minimum value of $10 million per year. TPBank will be the capital sponsor for this project.
TCD has more than 15 years of experience in the field of entrusted import and export. Starting from 2015, TCD has made a big shift from merely entrusted import into commercial activities of distributing products. The current product lines of TCD include: tapioca, coffee beans, cocoa, microorganic fertilizers, etc.
28 agreements with a total value of 1.5 billion Euro were signed at the Vietnam-Germany Business Forum in Berlin on July 6th, 2017
Being an important gateway for Vietnamese goods to enter European markets, Germany is also Vietnam's largest trading partner, accounting for almost 20% of Vietnam's exports to Europe. The agreement is expected to open huge opportunities for TCD to export quality products from its subsidiaries and affiliates to European markets.
About TRACODI:
TRACODI is a subsidiary of Bamboo Capital JSC (BCG) and has been listed on Ho Chi Minh City Stock Exchange with its stock quote of TCD, operating in areas such as: infrastructure construction & real estate; quarrying; trading and export of agricultural products.
TRACODI was previously the Transport Development Investment Corporation, under the Ministry of Transportation and Post, which was established in 1990. During the period of 1995-2007, TRACODI’s status quo was seperated and tranferred back to management under Civil Engineering Construction Corporation No.6, then under People’s Committee of Long An Province in 2005. After being converted into One Member Company Limited till 2013, TRACODI officially converted itself into a Joint Stock Company with shares held dominantly by the State. In 2015, TRACODI has officially operated as a 100% privatized company after SCIC divestment.
Website: http://www.tracodi.com.vn/
About Indoba GmbH:
Indoba GmbH is headquartered in Dresden, Germany, speacializing in providing quality consulting services, smart and effective solutions in areas such as: constructing, upgrading, and designing gardens for residential purposes.
Currently, Indoba also develops its retail business through the company’s website at: http://www.indoba-shop.com/