Tay Ninh: Nearly US$130 mln invested in organic fruit farming zone
The southern province of Tay Ninh and a company have signed a memorandum of understanding on cooperation in developing a fruit farming zone and building a fruit processing factory complex serving export here.
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| Tay Ninh province and the Nafoods Group JSC sign an MoU on cooperation in developing a fruit farming zone and building a fruit processing complex on October 4 |
Accordingly, the two sides will partner to develop an organic fruit farming zone covering some 10,000ha at total estimated cost of VND3 trillion (US$128.6 million) between 2019 and 2023.
After the area is able to supply at least 150 tonnes of fruit per day, Nafoods will build a factory complex in Tay Ninh so as to manufacture products for export. It expects this complex will bring home at least US$100 million in export turnover each year when operational.
Provincial authorities also pledged to allow the investor to rent at least 20ha of land for forming a seed germination garden to provide seedlings for the farming zone. They will also assist the development of infrastructure associated with the zone.
Aside from support policies regulated by the State, the provincial administration will also provide specific mechanisms to encourage other businesses, cooperatives and local residents to join the project.
Meanwhile, Nafoods will provide qualified seedlings, fertilizers and plant protection products, as well as training in cultivation techniques for local farmers. It also vowed to apply scientific-technological solutions to improve product quality and purchase all produce of the zone at reasonable prices.
Nguyen Manh Hung, Chairman of the Board of Directors of Nafoods Group, said his firm aims to have 60% of products meeting GlobalGAP standards and the other 40% meeting organic standards to serve export.
