Govt pledges huge credit line for hi-tech agriculture

22-Dec-2016 Intellasia | The Saigon Times | 6:00 AM Print This Post

The government would set aside a credit package of VND50-60 trillion to encourage local farmers and enterprises to develop hi-tech agriculture, instead of only paying attention to ten hi-tech agriculture parks as planned before, prime minister Nguyen Xuan Phuc announced at a conference on Sunday.

The conference, themed “Building the agricultural industry in Vietnam”, was held by Vietnam’s Digital Agriculture Association (DAA Vietnam) under the Central Committee of the Vietnam Young Entrepreneurs’ Association in HCM City.

The prime minister noted that ten hi-tech agricultural parks have been approved in ten provinces and cities, and the government encouraged all farmers and enterprises to invest in this sector. The government would create favourable conditions, remove difficulties and provide synchronous policies, aimed at promoting the development of hi-tech agriculture.

At the conference, PM Phuc also threw his support behind establishing a hi-tech agriculture complex in the country as proposed by DAA Vietnam. He asked relevant agencies and local authorities to quickly handle remaining difficulties so that the complex can be put into operation early.

Truong Gia Binh, chair of DAA Vietnam, said the complex is expected to shift the local agricultural sector from traditional production to hi-tech agriculture, set up an efficient agricultural value chain and provide high-quality products.

At the event, DAA Vietnam also introduced a smart stamp, named DAA Stamp, to help trace food origin and control quality.

DAA Stamp will help authorities control the quality of products such as fertiliser and pesticides, so domestic consumers can easily trace the origin of food products. HCM City and Hanoi would be the first two cities to use the smart stamp.


Category: Finance, Vietnam

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