More than 1.7 trillion VND (73.2 million USD) will be invested in three high-tech agriculture projects in the southern province of Binh Phuoc, under an agreement inked between the provincial People’s Committee and its partners on August 26.

At the signing ceremony (Photo: VNA) 

Accordingly, a joint-venture will be set up between Netherlands-based Royal De Heus Animal Nutrition and local Hung Nhon Group, which will land some 1.15 trillion VND to construct a high-quality chicken farming for export. The project is designed to raise 10 million chickens each year and ship 5,000 aboard each day.

 Meanwhile, a total of 500 billion USD will be splashed out in a 100-hectare high-tech beef 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 fruits will be constructed by Hung Nhon Group and Chanh Thu Fruit Import & Export Company at the total cost of 100 billion VND. The project will provide some 20,000 tonnes of high-quality fruits for both domestic and foreign markets every year, and generate jobs for 200 local workers.

 According to agricultural counselor at the Dutch Embassy in Hanoi Willem Schoustra, fertile soil and minimum impact of harsh weather conditions have made Binh Phuoc province an ideal place to branch out cultivating area of cashew, 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 specialized farming areas in the province.

 He asked relevant sides to put forth the implementation of the project so as to affirm the position of local agricultural products.