Nghe An attracts over 50,000 billion VND in investment in the agricultural sector

Efforts to attract investment

In a recent working session with the Vietnam Rubber Industry Group,Provincial SecretarycommissionNguyenDac Vinh has nclearly:Dthere are stagesn khtowelnhRubber trees have always proven to be economically effective., vahNghAn always identifies this as one of the key crops that need to be prioritized by the province, both in economic development and contributing to ensuring social security..

HicurrentNghyesAn mThere are about 11,000 hectares of rubber, while theImplementing the Resolution of the 18th Provincial Party Congress, by 2020 the whole province will reach 17,000 hectares of rubber. Therefore, in the coming time, the development of rubber trees in the province, Nghe An Rubber Development Investment Joint Stock Company will still be the main unit and the locality will have reasonable solutions to create favorable conditions in terms of land and space for the Company to implement the project of planting rubber trees.8,947hectares of rubber according to the planning of the Provincial People's Committee associated with the construction of a processing factory.

Prime Minister Nguyen Xuan Phuc visits TH Group's products at the agricultural products exhibition on the occasion of the 10-year review of the implementation of the Government's Tam Nong Resolution. Photo: PV

Considered an enterprise that contributes to fundamentally changing the production mindset as well as the appearance of the province's agricultural production, TH Group has been a pioneer in investing in high-tech agricultural production in Nghe An province., with dThe high-tech concentrated dairy farming project has an investment scale of 1.2 billion USD, creating jobs for more than 15,000 workers, including 2,000 local workers, stimulating economic growth when consuming agricultural products in the area.

In 2015, the Asian Record Organization confirmed the farm as setting the record for “The largest concentrated dairy farm applying high technology in Asia”. The farm also received the Best Farm in Vietnam award twice in 2016 and 2018. This is also the first livestock model in Vietnam applying high technology, pioneering the implementation of 4.0 technology in dairy farming with the integration of digital technology and automation.

After the success of the project, TH continued to enter other fields such as producing clean vegetables, fruits, purified water, etc.

Leaders of Vietnam Rubber Industry Group visited the rubber garden of Nghe An Rubber Investment and Development Joint Stock Company in Thanh Duc commune (Thanh Chuong). Photo: Phu Huong

Those are just two of the agricultural investment projects that Nghe An has attracted in recent times. Risky, difficult to invest in butThis field is attracting the attention of many investors. Grasping this trend, the Department of Agriculture and Rural Development has proactively increased promotion, attraction, and maximum exploitation of various investment capital sources.

Director of the Department of Agriculture and Rural Development, Mr. Hoang Nghia Hieu shared: Determining that high-tech agricultural production is an inevitable step to change the face and production mindset, Nghe An has focused on land consolidation, plot exchange, creating commodity production areas, focusing on attracting businesses to invest in this field. In particular, the system of traffic infrastructure, irrigation, raw material roads... has been invested in construction and upgrading.

Rubber trees in Thanh Duc, Thanh Chuong of Nghe An Rubber Investment and Development Joint Stock Company have been harvested since July 2018. Photo: Phu Huong

The province also has many effective mechanisms, policies and management measures to ensure the harmonious interests between businesses and people participating in projects. In particular, choosing investment fields, planning raw material production areas suitable to the conditions of each land, forming many concentrated raw material areas to call for many investment projects to develop production associated with product processing.

Changing the face of agricultural production

These efforts have brought about remarkable results. The number of investment projects in agriculture has increased in quantity and improved in quality. Large economic groups and potential enterprises with projects with investment capital of up to hundreds of millions of USD have been implemented, bringing a new look and new production thinking to the agricultural sector in Nghe An province, forming a modern, high-quality agriculture with large scale and high value.

Many sugarcane raw material areas have been built in association with processing, increasing the value of agricultural production. Photo: Minh Thai

In addition to TH projects, sugar cane,There are also planting and processing projects.chigh quality summer, avocado production project in Nghia Dan, MDF wood processing factory in Nghe An of Forestry Joint Stock CompanyTMay;Wood processing factory of Thanh Thanh Dat Company Limited.Since 2016- 2018 Nghe Anhas called for investment54dproject with totalmbreastinvest50,482,782tVND; of which 201 alone8coh11dproject with total investment587.55trumorsg.

Investing in hydroponic clean vegetable production in Nghi Lien commune, Vinh city. Photo: Phu Huong

However, according to Mr. Hoang Nghia Hieu, enterprises investing in agriculture are mainly small-scale enterprises,especially in the field of agricultural, forestry and fishery processing is still limited.

“Phase 2017-In 2020 we will continue to mobilize capital sources to implement projects.commissionbenefits, important raw material transportation routes. There is orientation for each specific field, focusing onSome specific projects include: Attracting the construction of a factory producing high-quality instant tea bags; Raising and processing beef; Factory processing peanut products; Growing and processing pineapples; Developing medicinal plants and medicinal processing factories. In the forestry sector, we will attract investment projects in factories processing and producing all kinds of wooden furniture for export; processing artificial boards from bamboo, rattan, and reeds...", Mr. Hoang Nghia Hieu shared more.