Singapore’s TechCoop obtains $12 M loan to assist agricultural trade in Vietnam
Symbiotics, an impact investment firm with headquarters in Geneva, has granted Farmnet, the trading division of agricultural supply chain company TechCoop, a $11.75 million senior secured loan.
According to a TechCoop release on Tuesday, the funding is the first offshore institutional loan raised by a TechCoop entity incorporated in Vietnam. The funding is a component of TechCoop’s larger capital strategy, which also includes a planned Series B equity raise later this year. TechCoop is based in Singapore.
As a domestic commodities trader, Farmnet collaborates with farmers, cooperatives, and processors nationwide. Cassava, coconut, cashew, durian, coffee, fresh fruits, and processed goods are among the agricultural products that the company trades. It currently serves over 641 cooperatives and agricultural businesses throughout Vietnam and has 20 locations nationwide.
In order to facilitate more trade with its network of processors, cooperatives, and small and medium-sized agricultural businesses, Farmnet will use the loan as working capital.
According to the National Statistics Office, 11.86 percent of Vietnam’s GDP came from the agriculture and fishing industries in 2025. For many processors and cooperatives, however, access to well-capitalized trading partners is still restricted. With about 70% of farms operating on less than 0.5 hectares, the nation’s farming industry is extremely dispersed.
TechCoop claims that the loan highlights the growth of its agricultural supply chain platform in Vietnam. In 2026, TechCoop Investment & Technology, the parent company of TechCoop, intends to grow into Cambodia, Laos, and Thailand.
