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Ben Tre attracts investment in high-tech agriculture

The Mekong Delta province of Ben Tre is striving to attract more investment in high-tech agriculture, given that it boasts nearly 100,000ha of coconut trees, specialty fruits and nearly 10 million ornamental plants.
Ben Tre attracts investment in high-tech agriculture ảnh 1Illustrative image (Source: VNA)
BenTre (VNA) – The Mekong Delta province of Ben Tre is striving toattract more investment in high-tech agriculture, given that it boasts nearly100,000ha of coconut trees, specialty fruits and nearly 10 million ornamentalplants.

Chairmanof the provincial People’s Committee Cao Van Trong said the province hasoffered incentives to projects in and outside industrial zones, cut timelinefor administrative procedures by 30-50 percent, established a public servicesgroup at the centre for investment and start-up promotion.

Thelocality has also assisted investors via investment promotion programmes,market connectivity, trade promotion and product display at domestic and foreignfairs.

Fromthe State and local budget, Ben Tre granted an aid of over 32.6 billion VND (1.41million USD) to six businesses in the fields of animal breeding, farm produceprocessing and preservation.

Incompliance with the government’s Decree No.55/2015/ND-CP on credit policy foragricultural and rural development, Ben Tre has so far offered loans worthupwards 45 trillion VND (1.95 billion USD), over 18 trillion VND of which wasin farming.

BenTre has so far recorded 451 enterprises working in agriculture, accounting for17 percent of the total in the locality. The combined registered capital in thefield makes up 30 percent of the total.

Localfarm produce have been shipped to 70 countries and territories worldwide. Theprovince has attracted 24 out of 52 foreign-invested firms in agriculture witha total registered capital of 225.7 million USD, or 26 percent of the totalforeign direct investment there.

Atan agriculture investment promotion forum recently held by the provincialPeople’s Committee, corporate representatives pointed out difficulties wheninvesting in the locality such as hard access to bank loans and land to buildmaterial zones, and limited connectivity between farmers and enterprises topursue production in value chain.

Trongsaid the province is expected to become a leading regional centre of farmproduce production, purchase and distribution and an ecological tourismdestination.

NguyenMinh Canh, Director of the provincial Department of Planning and Investmentsaid in the near future, the province will continue improving the businessenvironment and issuing support policies for investors, especially those inagriculture and rural development.

Headded that Ben Tre will apply more technological advances in agriculturalproduction as well as assist firms in quality certification and join nationalquality awards.

Creditorganisations will be encouraged to invest in agriculture and rural developmentvia preferential interest rates. Priority will also be given to eco-friendlyand start-up projects.-VNA
VNA

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