Deal to develop three high-tech agriculture projects worth $73m inked in Binh Phuoc, Vietnam

Three high-tech agriculture projects in the southern province of Binh Phuoc will receive more than VND1.7 trillion (US$73 million) in investment under an agreement inked between the provincial People’s Committee and its partners on Monday.

A joint-venture will be set up between Netherlands-based Royal De Heus Animal Nutrition and local Hung Nhon Group, which will land some VND1.15 trillion to construct a high-quality chicken farm for export. The project is designed to raise 10 million chickens each year and ship 5,000 abroad each day.

A total of VND500 billion will be splashed out on a 100-hectare high-tech cattle farming zone. The project, developed by Hung Nhon Group and T&T 159 Livestock Production Joint Stock Company in Hoa Binh Province, is expected to create jobs for 15,000 local labourers.

An area for planting, gathering, purchasing, preserving and packaging fruit will be constructed by Hung Nhon Group and Chanh Thu Fruit Import & Export Company at a total cost of VND100 billion. The project will provide some 20,000 tonnes of high-quality fruit for both domestic and foreign markets every year, and generate jobs for 200 local workers.

According to agricultural counselor at the Dutch Embassy in Hanoii Willem Schoustra, fertile soil and the minimum impact of harsh weather conditions have made Binh Phuoc Province an ideal place to expand cultivating areas for cashews, rubber and pepper, orchards as well as safe husbandry farms.

Vice Chairman of the provincial People’s Committee Huynh Anh Minh spoke highly of the three agricultural projects, saying they are encouraged to form specialised farming areas in the province.

Source: VietnamNews