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Businesses increase to invest in agriculture

Many businesses have been very successful in their agricultural investment, this has led to a big shift in investment direction, the Vietnam Economic News reported.
Many businesses have been very successful in their agriculturalinvestment, this has led to a big shift in investment direction, theVietnam Economic News reported.

Many high-tech flower andornamental plant production models in Hanoi, Da Lat and Ho Chi Minh Cityhave brought farmers incomes from 600 million VND to 1 billion VND perha per year.

Moving to agriculture and forestry sectors hashelped many enterprises in difficult times. For example, the TanTao Group has set up a company specialising in fragrant rice research,production and marketing. At present, rice brands of the group like NangYen, Nang Dao and Nang Nga have been sold in large quantities atsupermarkets.

Tan Tao group targets to grow 50,000hameeting GlobalGAP standards by the end of 2015 to supply for domesticmarket first then will export clean rice brands later.

DongNai province is already well known for strong investment in industrialsector but investment growth in agriculture stood at just 2-3 percent ayear. However, this growth rate has increased to about 16 percent ayear. In the first half of this year, about 70 enterprises have beeninvolved in agriculture production and business including many foreignenterprises like Japfa Company Limited and Emivest Vietnam Co, Ltd.

Althoughthe Dong Nai Biological Technology Centre has not been fully built,five enterprises have asked to invest in seed production here. Despitethe lack of land for high-tech agriculture development at the centre,many enterprises still wants to register for investment. The remainingland fund will be used to attract processing enterprises to increase thevalue of agricultural products.

Chairman of the SingaporeBusiness Group in Ho Chi Minh City Norman Lim said for a long timeSingaporean enterprises have invested in the production of agriculturalproducts in Indonesia and Malaysia . Now, they are coming to CanTho and Vinh Long provinces to conduct surveys for food production.

Israel also invested 1 million USD in the Dairy Demonstration andExperiment Farm in Ho Chi Minh City . Vietnam and Israel are alsodiscussing to set up a common research fund for the high-techagriculture development in Vietnam, through which Israel will sendexperts to work on specific projects, conduct trial production and thenexpand these production models.-VNA

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