SBT, a top performer in Vietnam’s sugar industry, has adopted Oracle Cloud ERP to support its mission in globally producing clean agriculture products.
The agriculture corporation chose to adopt Oracle Fusion Cloud Enterprise Resource Planning to optimise their supply chain and improve financial management efficiency.
“Our goal is to lead smart agricultural development in Vietnam within the next three years,” said Dang Huynh Uc My, Vice Chairman for the Board of Directors at SBT.
SBT, also known as Thanh Thanh Cong Bien Hoa Joint Stock Company, will implement Oracle Cloud ERP across their business units in Vietnam, Cambodia, Laos and Singapore.
“SBT will continue to align our in-depth agricultural experience and skilled manpower with smart technologies,” added Ms. Dang.
The sugar manufacturer looks to meet its goal of harmonising the interests of farmers, factories and customers by implementing Farmer Relationship Management, Customer Relationship Management and eOffice applications whilst remaining compliant with current regulations.
“The agriculture industry in Vietnam is on the cusp of the fourth industrial revolution, with digital transformation leading the way for businesses like SBT to realise their goals,” said Nguyen Thi Mai Hoa, the Head of Applications at Oracle Vietnam.
Vietnam’s digital economy grew by 40% in 2019 and could add US$162 billion to its GDP by going digital. The Government is also supporting digital transformation campaigns by increasing investment, speeding up reforms encouraging businesses to adopt new technology, committing to building smart cities and providing universal internet connectivity.
“However, today’s business climate remains unpredictable. To better respond to changing market conditions, organizations can’t be held back by disparate on-premise business systems – they need to have a clear view of their business on a single data platform,” added Mr. Nguyen.
Along with their partnership with Oracle, SBT reached a strategic cooperation agreement with KPMG Vietnam to drive forward their digital transformation plans.
SBT was also named as one of the top 50 leading brands in 2020 and in the list of 100 largest public companies by Forbes Vietnam.
Picture credit: Idan Robbins