HA NOI (Biz Hub) — Vietnamese CT Group plans to create Australia's largest commercial dragon fruit orchard, with the first farm to take shape in the Northern Territory this year.

Company president Tran Kim Chung reported that Northern Australia has ideal growing conditions for dragon fruits, and the company is investing US$100 million for the project.

Northern Territory Minister for Mines and Energy, Hon Willem Westra van Holthe, noted that the project is expected to provide jobs for an estimated 500 workers. It will bring about economic benefits to both countries, he added.

Unlike small farms CT is developing in Viet Nam, it is planning large-scale commercial farms to support supply chains, and the NT is the ideal location for them to carry out the project. — VNS