11:27 | 18/12/2015 Economy
The northern coastal province of Quang Ninh has pledged to create favourable conditions for investors in the province’s agricultural sector.
Illustrative image (Photo: VNA)
Accordingly, the province has a plan to organise a meeting gathering domestic and international investors in early 2016 to promote investment in agriculture and establish production and business ties among enterprises and investors inside and outside the province.
Just in mid-December, Quang Ninh issued several incentives to stimulate agricultural development, including interest subsidy for new and expanded investment projects in the field.
Earlier, Quang Ninh introduced an investment invitation list, comprising of 12 projects with total investment capital amounting to hundreds of billions of VND.
In October this year, Vingroup invested 650 billion VND (29.5 million USD) in a hi-tech farm using technologies of Japan, Republic of Korea and Israel, which covers a 200-hectare land lot in Hong Thai Tay commune in Dong Trieu district.
The farm is expected to supply agricultural products meeting VietGap and GlobalGap standards to the market by the 2016 Lunar New Year festival under the trade name of VinEco Quang Ninh./.