At the signing ceremony. — Photo nongnghiep.vn

Hung Nhon Group and Netherlands-based De Heus Group have signed a memorandum of understanding with the People's Committee of Kon Tum Province on investment cooperation in a complex of hi-tech agricultural zones in Dak Lak.

Under the MoU, the two groups will engage in developing a pig breeding farm that will cover 200ha and total investment of US$65 million. It will apply advanced technology to produce high-quality agricultural products following a closed chain meeting European standards, as well as organic cattle feed and fertiliser.

Once completed and put into operation, the project will create jobs for 250-300 local labourers, contributing to the economic development of the province.

On this occasion, Hung Nhon Group and De Heus Group have donated six monitors and 4,000 test kits worth VND1 billion ($44,120) to the province’s COVID-19 prevention and control fund. — VNS