Capital for high-tech agriculture

Newly harvested pineapples being readied for shipment at Vi Thanh City, Hau Giang Province. — VNA/VNS Photo Huynh Su Trade promotion activities in the southern region this year have focused on monitoring start ups and promoting clean agricultural and industrial production, officials said at a conference on Thursday. Training and enhancement of stakeholders’ managerial skills was another focus area, said Do Thi Minh Tram, deputy head of the Agency for Regional Industry Development (ARID). The eighth annual conference on trade promotion in southern cities and provinces was organised by the Ministry of Industry and Trade (MoIT), ARID and HCM City’s Department of Industry and Trade (DoIT). It took note of numerous successes and discussed solutions to remaining problems. The conference noted that a training workshop held recently had more than 730 participants gain insights into business management, quality control, accessing distribution networks, eCommerce and the use of technology in trade promotion. The HCM City DoIT also reported a number of support activities for technology transfer, with 48 rural areas receiving modern machinery worth VND6.7 billion ($298,653) for use in agricultural production. Several deficiencies were also highlighted at the meeting, including the low rate of disbursement of State capital at just 18.8 per cent of the annual target. The provinces of Ba Ria – Vung Tau and Soc Trang have yet to begin the disbursement process, while others like Tay Ninh, Tien Giang and Hau Giang have only achieved one to…... [read more]

Dutch Consul General in HCM City Simon Van Der Burg said that the event opened up huge opportunities for cooperation between businesses of both nations in the future. According to the Vietnam Chamber of Commerce and Industry (VCCI) Can Tho branch the Netherlands is one of the largest European investors in Vietnam. At present, the Netherlands has invested in192 projects capitalised at US$6.3 billion in Vietnam, with two-way trade turnover reaching US$3.6 billion in 2013. Vietnam’s major exports to the Netherlands are seafood, footwear, garments and textiles, pepper, rice and coffee, while its Imports include machines, pharmaceuticals and medical equipment. The Netherlands have also implemented support programs in the Mekong Delta region to help combat climate change and rising sea levels. Earlier the same day, in a meeting with municipal leaders, the consul general expressed his wish to cooperate with the locality in fields such as energy saving, water resource improvement, waste water treatment and development of clean agriculture.... [read more]

He made a fact-finding tour of Nghe An dairy farming project in Nghia Dan district, which was licensed in 2009. The US$350 million project, which takes the province 4 years to complete, is designed to raise 45,000 New Zealand dairy cows and supply 500 tonnes of sterilized fresh milk per day. To boost socio-economic development, Nghe An must utilize the potential and advantages of forest and agricultural land and minerals while developing human resources, sea ports and airports and attractive policies for more investment, said Mr Dung. He urged the province to expand breeding and farming models by applying advanced technology to provide highly valued clean agricultural products. He requested it to streamline administrative procedures to encourage all economic sectors into investment and development with a key focus on economic zones, transport infrastructure, and human resource development. The Government leader asked the province to make drastic changes in socio-economic development in disadvantaged districts, successfully organise Party congresses at all levels and fulfill all the targets set for this year. On the occasion, Mr Dung visited Kim Lien relic site, and High Command Military Zone No 4, which was praised for having contributed to the country’s socio-economic achievements. He asked cadres and soldiers from the military zone to make a greater effort to build a pure and strong military unit, cope with natural disasters, ensure political security and boost production in order to improve material and spiritual lives.... [read more]

PM Dung said this is an important, regular political task which will help the Mekong delta province make breakthroughs in its socio-economic development. During his working session with Dong Thap authorities on July 16, the PM also spoke highly of efforts by the provincial Party Committee, authorities and people to obtain achievements in agriculture, industry, aquaculture, and to implement the Government’s Resolution 11, contributing to the country’s success. He stressed difficulties the country are facing in the second half of this year that require the Government to continue focusing on fighting inflation, maintaining macro-economic stability and social security and achieving an appropriate growth rate. In this spirit, the Prime Minister asked Dong Thap province to continue implementing the Government’s solution package, first of all boosting production, assisting enterprises in increasing export, ensuring the pace of effective investment disbursement, and keeping goods prices under tight control. Dong Thap should fully exploit its natural resources and geographic advantages to develop agriculture, particularly highly-added value, clean agricultural products to serve domestic consumption and export, he said. In addition, he urged the province to review its planning, promote the application of science and technology in agricultural production. In the first six months of this year, Dong Thap province registered an economic growth rate of nearly 13 percent, an increase of 33.02 percent in industrial production value and a rise of 55.4 percent in exports. It also harvested 2.3 million tonnes of rice and 180,000 tonnes of aquatic products.... [read more]

Prime Minister Nguyen Xuan Phuc has required the State Bank of Vietnam to instruct commercial banks to provide a preferential credit package worth VND50-60 trillion ($2.22-2.66 billion) for businesses to develop hi-tech and clean agricultural products. In recently issued conclusion on hi-tech agriculture, Mr. Phuc required that the program should be joined by commercial banks with the major one being the Bank for Agriculture and Rural Development of Vietnam. Besides mortgages of properties, the banks should permit mortgages of equipment, machines and estates built on the land of hi-tech agriculture projects. The Ministry of Finance has been asked to study and submit to the Prime Minister projects on hi-tech agro development fund and agricultural insurance. According to the conclusion, the Government will improve regulations and policies to facilitate investment in hi-tech agro parks in all localities in the country.It will not be obligatory for investors to suit the overall plan of hi-tech agro zones and regions by 2020 with visions till 2030 which the PM has approved in a decision made in 2015. Basing on their assigned functions and missions, ministries has been urged to better regulations and policies and clear difficulties in the field, the PM asked. Of them, the Ministry of Agriculture and Rural Development will supplement and improve the hi-tech agro plan towards better effectiveness and sustainable development counting hi-tech agro complexes. Relevant ministries should report to the Government assistance policies for these complexes, build norms to determine hi-tech projects and programs and list high technologies applied…... [read more]

The international conference themed "The development of high tech agricultural value chain to integrate into the global market in Tay Ninh" was held by Ministry of Agriculture & Rural Development and Tay Ninh People's Committee. The province has been building up and completing many preferential policies aiming to promote the production and attract investments in agricultural production in line with value chains such as supporting profits for investing in clean agriculture, high tech agriculture and policies to call for investments in agricultural sector in the province. At the conference, some 10 investors pledged to invest over VND 15,000 billion in the development of the high tech agricultural value chain in next five years.... [read more]

The Hanoitimes - The State Bank of Vietnam (SBV) has devised a credit package worth 50 trillion VND for high-tech and clean agriculture production, which has been assigned to the Bank for Agriculture. Hi-tech agriculture needs proper credit package Mr. Dao Minh Tu, Deputy Governor of the State Bank of Vietnam (SBV) said the SBV has lowered interest rates for agriculture loans over the past several years. Accordingly, the rate dropped from 20 percent per year in 2011, to 12 percent per year in 2013. This year the rate stands at the lowest ever - 6.5 to 8 percent per year, he noted. Since November last year, the Agriculture and Rural Development Bank (Agribank) has been preparing 50 trillion VND to serve individuals, households, collectives and enterprises producing hygienic, safe food, he added. Such individuals and other entities can get loans at interest rates of zero to 1.5 per cent per year. Three years ago, the State Bank of Vietnam assigned Agribank to lend loans on a pilot basis to enterprises applying advanced technology in agriculture. So far 28 enterprises with 31 projects in more than 22 provinces and cities have been selected to join the programme. In addition, in the recent time, some key banks have been interested in funding to the agricultural sector, especially high-tech agriculture. For example, the proportion of agricultural loans accounts for about 9-10% of total loans of Vietcombank. The BIDV's rate of agricultural credit balance of total loans rose from 5.82% in 2010 to…... [read more]

HCM City (VNA) – The agriculture sector, especially hi-tech agriculture, has recently caught the attention of domestic giant firms such as Vingroup, Hoa Phat and Hoang Anh Gia Lai, creating a new wave of investment. The presence of Tran Ba Duong, CEO of Truong Hai auto company at an agricultural conference where he shared his plan to invest in the agriculture sector, has surprised many. The automobile industry tycoon held that Vietnamese agriculture can hardly develop without industry, asserting that industrial firms strong in capital should join the sector to create standardised models in agricultural production. Duong reckoned that post-harvest transportation and preservation are the weakness of agriculture. However, the mechanisation of agriculture must suit the real situation in Vietnam. He revealed that his firm is working with the An Giang-based Loc Troi Group to build a post-harvest industrial complex for rice in the northern region, which will provide transportation, harvest and processing at reasonable costs. Meanwhile, Vu Van Tien, CEO of Geleximco Group, said that the number of businesses engaging in agriculture sector remains few. To succeed in agriculture, businesses need sufficient production land and capital, he said, calling for support policies in the field. According to the Ministry of Agriculture and Rural Development, about 4,000 enterprises out of the total 600,000 Vietnamese firms are investing in agriculture. The interest of big investors in agriculture is hoped to open up a new chapter for the sector’s development, but land and capital are still major obstacles. At a recent conference…... [read more]

Vietnam’s agriculture sector targets growth of 2.5 to 2.8 per cent next year, production value growth of 3 to 3.2 per cent, and total export turnover of $32.5 billion. According to Minister of Agriculture and Rural Development Nguyen Xuan Cuong, 2017 is a pivotal year in the 2016-2020 development plan in the context of the sector still battling many difficulties. “The sector continues to implement the overall objective of building agriculture into a modern and sustainable sector,” Minister Cuong said, adding that safe agricultural products are a priority in 2017. High-tech agriculture and safe agriculture were also mentioned by Prime Minister Nguyen Xuan Phuc at the “Building Vietnam’s Agriculture and Industry” conference held this month. “Organic agriculture, clean agriculture, and high-tech agriculture, together with information technology and tourism, are three strengths for Vietnam as the fourth global industrial revolution approaches,” he said. Recognizing that clean agriculture will develop strongly in Vietnam in the future, many large enterprises not in the field of agriculture are promoting investments in the sector. Mr. Tran Ba Duong, Chairman of Truong Hai Auto, one of the largest private Vietnamese enterprises, recently announced investment in clean rice using high technology. Dutch group De Heus signed a contract worth $50 million with local company the Hung Nhon JSC in southern Binh Phuoc and Dong Nai provinces to build a food safety valley to provide clean pork, chicken, eggs, and fruit and vegetables to the market. Exports of agriculture, forestry and fishery products in 2016 reached $32.1 billion,…... [read more]

KTĐT - How do you assess on the life of City's farmers at present? - In the first 9 months of 2016, the added value of the agricultural sector was 2.1%. The program on building advanced rural areas has also obtained a lot of important results. Therefore, the life of City's farmers has been more and more improved. The income, living and working conditions of farmers are also improved. The City's farmers are very delighted at the City's economic development and the attention from the City's leaders to the agricultural sector, farmers and rural areas. Especially, the success of the 12th National Party Congress, the election of 14th-term representative election and People Council's representative election at all levels in 2016 - 2021 term. However, the City's farmers also pay a lot of attention and concern about the popularity of poor-quality agricultural materials in the market and the loose management over the food hygiene and safety, which have considerable impacts on the production and income of farmers. Besides, the environmental pollution also causes irritation and a number of farmers have quit their field and do other jobs with higher income.Returning to the story of food hygiene and safety, this is considered as the issue of top priority of the agricultural sector in 2016. Therefore, what the City's Farmers' Union has done to mobilize farmers to implement the safe production? - Determining the food hygiene and safety as a hot issue receiving the attention of the whole society, the Union has trigged…... [read more]

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