Vietnam’s Vinh Long province invites investment in Agriculture

Vinh Long province, located at the heart of the Mekong Delta – a farming hub of Viet Nam, is calling for investment in 43 projects on agriculture and rural areas in an effort to restructure local agriculture.

Most of the projects, key in the local agricultural restructuring blueprint, focus on farm produce processing. Among them, a vegetable processing factory in Tan Quoi industrial cluster, Binh Tan district, is waiting for a VND200 billion (US$8.97 million) investment.

Vinh Long is also seeking for VND150 billion (US$6.73 million) to be poured into a canned food factory in Mang Thit district. The province hopes that VND50 billion – 200 billion (US$2.24 million – 8.97 million) will be channeled into three fruit and vegetable warehouses apiece in the vegetable growing commune of Thanh Loi inBinh Tan district, and Binh Minh industrial park inBinh Minh township.

Investors can also engage in seven pig and beef cattle farming projects, worth VND10 billion – 50 billion (US$448,400 – 2.24 million) each. Nguyen Minh Tho, Director of the provincial Department of Agriculture and Rural Development, said the administration plans to support the 43 projects with about VND97.2 billion (US$4.36 million), sourced from the State and local budgets. Land and tax incentives along with site clearance assistance will also be provided for investors. Vinh Long also encourages connectivity among enterprises, farm owners and cooperatives to ensure sustainable agricultural production, he noted.-VNA

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Categories: Business, SE Asia

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