LienVietPostBank funds macadamia growing in Lam Dong
Each farmer household in Lam Ha district, Lam Dong, can borrow between 50-80 million VND (2,200 – 3,500 USD) from LienVietPostBank to develop forests in tandem with expanding macadamia growing area.
Farmer Nguyen Duc Ba stands by his macadamia. (Photo: VNA)
Lam Dong (VNA) – Each farmerhousehold in Lam Ha district, the Central Highlands province of Lam Dong, canborrow between 50-80 million VND (2,200 – 3,500 USD) from LienVietPostBank todevelop forests in tandem with expanding macadamia growing area.
A deal to this effect was singed in Lien Hacommune on August 22 between local farmers and representatives of the bank, thedistrict’s Lan Tranh Forest Management Board and the Him Lam Macadamia Company.
The Lan Tranh Forest Management Board and theLien Ha commune People’s Committee will support, monitor the use of the loansand debt collection, while the Him Lam Company will be responsible for thequality of macadamias and consumption.
During the signing ceremony, six farmers fromTan Thanh commune signed contracts with LienVietPostBank. They will be providedwith macadamia seedlings by the end of August.
According to the Lam Ha district People’sCommittee, the locality plans to plant 1,000 hectares of forests in 2017,including 300 hectares of macadamia.
According to the provincial Department ofAgriculture and Rural Development, about 3,500 – 4,000 hectares of macadamiawill be planted from 2016 – 2020 in the districts of Lam Ha, Bao Lam, DucTrong. Dam Rong and Bao Loc.
By 2030, the province aims to have 12,000 –15,000 hectares of macadamia, producing 8,000 tonnes of macadamia nuts peryear.-VNA
The Ministry of Agriculture and Rural Development on April 5 approved a plan to develop Macadamia farming in the northwestern and Central Highlands regions by 2020.
Further studies should be carried out on land, climate, cultivating techniques, and seedlings before macadamia are put into large-scale cultivation in the Central Highlands provinces, said an expert.
The Lien Viet Post Joint Stock Commercial Bank (LienVietPostBank) will give central Quang Tri province a credit package worth 500 billion VND (22 million USD) to help the locality develop macadamia farming.
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Farmer Nguyen Duc Ba stands by his macadamia. (Photo: VNA) 
