Millions of US dollars are being pumped into agriculture-based ventures in Phu Yen province

The National Institute of Animal Science under the Ministry of Agriculture and Rural Development at the end of last year kicked off the process of developing several high-quality livestock breeds at the Phu Yen High-tech Agricultural Application Park in Phu Hoa district.

Pham Doan Lan, the institute’s deputy director, said the project covers three hectares and boasts total investment of $1.68 million from the state budget. “It aims to build barns and synchronous equipment for raising 5,000 breeding poultry, 7,000 pullets per year, and 42,000 baby poultry per year,” Lan said.

Nguyen Van Hung, head of the park’s management board, added, “The groundbreaking of the institute is a major turning point for the development of the Phu Yen High-tech Agricultural Application Park and Phu Yen province in the process of restructuring its agricultural sector.”

As of last year, the park had attracted investment in nine projects worth a total of $19.37 million and covering just over one-third of the total area. The management board is continuing to call for investors with the capacity and suitable orientation to implement projects such as an Institute of Medicinal Materials and a medicinal research centre.

According to Phu Yen’s planning towards 2030, the western key area covering Tay Hoa, Phu Hoa, Son Hoa, and Song Hinh districts is oriented to develop high-tech agriculture and raw material areas associated with processing factories.

High-tech agricultural areas will include growing areas for rice, biomass corn, sugarcane, mushrooms, flowers, pepper, fruit trees, medicinal plants, dairy farming, and for raising cows and pigs.

In March, Phu Yen People’s Committee will approve investors for three projects in the agricultural sector.

The first involves high-quality rice production, purchasing, and export processing by Trung An High Agriculture JSC. The project covers over 10ha with the investment capital of about $25 million. The second is a high-tech livestock project from Quang Minh Livestock Technology Development Investment (60ha and worth $33.5 million), and the third is in cashew nut production from Olam Vietnam Co., Ltd. (2.2ha and $2.8 million in value).

At the same time, Phu Yen People’s Committee also called for investment in nine other projects in the agricultural sector. These include concentrated livestock and production areas in various districts; specialised tuna port and auction market in Tuy Hoa city; fruit processing and export fruit packaging factories; high-tech agriculture in Van Hoa Highlands; aquaculture areas in Song Cau town; high-quality rice production areas in four districts; building beef and poultry farms across the province; and creating fruit tree and medicinal plant areas and associated processing factories in various districts.