Following the business agreement achieved after the business trip in April 2022 in the UAE, this working session in Vietnam Lootah and TTT went into specific action plans for Lootah - TTT Joint Venture company Lootah TTT in the near future, including the launching of offices and showrooms to promote TTT Agarwood products in the UAE market in particular and the Middle East in general, and also on building factories for Agarwood essential oil processing as well as laboratories for researching Agarwood products. The two sides also discussed the requirements of the Middle East market in terms of design, product quality and expected consumption volume.
As one of the leading enterprises in the field of growing Agarwood on Do Bau trees, TTT has strategies and foresight to ensure output for hundreds of hectares of high-quality agarwood from the very beginning. Targeting the Middle East - the world's largest agarwood consumption market is a difficult approach, but it is feasible for businesses with long-term preparation and serious market research.
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