The central province of Quang Nam has approved hi-tech farming and agriculture park projects in Thang Binh District and the township of Dien Ban on 425 hectares of land with total planned investment of VND5.4 trillion (US$239 million) by 2024.
The project, which will begin construction in the first quarter of this year, will develop a vegetable and flower farm that applies advanced technologies. It will also establish a produce processing zone and infrastructure as well as livestock farms and a service area on 278ha in Binh Duong Commune, east of Quang Nam Province.
The province also agreed to let T&T Group develop a 147.72ha hi-tech farm park and R&D (research and development) zone in Dien Ban Town.
These will be the first two privately backed hi-tech agriculture projects in the province and central Viet Nam.
According to the firm, the two projects will start production in 2024.
Earlier, two investors – Truong Hai joint-stock company and Hoang Anh Gia Lai – had agreed to a joint-venture agroforestry project with total investment of VND13.8 trillion ($611 million) in the province. It focused on fruit cultivation and furniture production for export.
The province also designed an acclimatisation strategy to bring Ngoc Linh ginseng from Ngoc Linh Mountain (between Quang Nam and Kon Tun provinces) to mountainous areas nationwide for mass development as a key crop to boost income among ethnic groups.
At an investment promotion conference in 2017, Quang Nam granted investment licences to 32 projects with a total registered capital of $15.8 billion. To date, the central province has attracted 135 foreign direct investment (FDI) projects with registered capital of nearly $5.5 billion.
The province has 857,628ha of protected forest and farm land – 82 per cent of the province’s area – 115,000ha of which is reserved for agricultural production.
According to the latest report, the agriculture, seafood and forestry industries earned VND13 trillion ($575 million) of revenue in 2017.
Quang Nam also approved a conservation programme for eight precious and endangered plants including ginseng, codonopsis, pepper, cinnamon, rattan and white corn. — VNS