Quang Tri offers incentives for firms investing in hi-tech agriculture
Quang Tri offers incentives for businesses investing in high-tech agriculture
The central coastal province of Quang Tri has been adopting a number of preferential policies to attract investment in high-tech agriculture for the 2018-2021 period.
Quang Tri is offering many incentives for firms investing in hi-tech agriculture (Photo: VNA)
Quang Tri(VNA) – The central coastal province of Quang Tri has been adopting a number ofpreferential policies to attract investment in high-tech agriculture for the2018-2021 period.
Accordingly, businesses investing in this fieldwill be supported with 50 percent of their cost for land recovery andcompensation.
The province will also offer free land leases orremove the agricultural tax for enterprises with production cooperationcontracts during their projects’ first five years.
Some foreign firms have been quick to makeinvestments in Quang Tri’s high-tech agriculture sector.
For example, Japan’s ISE Food has alreadyinvested in processing cattle feed and building chicken farms in Trieu Phongand Vinh Linh districts.
Sumitomo, another Japanese company, issupporting the production of melons with the application of high technology inGio Linh district.
The promotion of investment in high-techagriculture is expected to help the province restructure its agricultureindustry towards increasing high value-added products and dealing with theeffects of climate change. –VNA
The central province of Quang Tri has drawn several investment projects in hi-tech and organic agriculture recently, contributing to restructuring the agricultural sector toward creating clean products with high added values.
The Vietnam Bank for Agriculture and Rural Development (Agribank) has so far provided more than 5.1 trillion VND (219.3 million USD) in soft loans for hi-tech agricultural projects across Vietnam.
The Ministry of Science and Technology and the Ministry of Agriculture and Rural Development have urged six provinces in the northern central region to utilise land in the corridor of Ho Chi Minh Trail to develop high-tech agriculture.
As many as 40 high-tech agriculture enterprises have been granted licenses so far, including 12 ones operating in cultivation, 19 in aquaculture and nine others in animal husbandry, according to the Ministry of Agriculture and Rural Development (MARD).
In an area facing water shortage all year round in Bac Binh district, the south central province of Binh Thuan, high technologies have been applied to produce honeydew melons and dragon fruits.
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Quang Tri is offering many incentives for firms investing in hi-tech agriculture (Photo: VNA) 
