Thai Binh attracts many investment projects in agriculture

The Red River delta province of Thai Binh is scheduled to present licences to 11 investment projects worth VND2,016 billion (US$87.65 million) at a conference to promote investment in agriculture and rural areas on April 8.

The information was revealed by Chief of the provincial People’s Committee Office Lai Van Hoan at a press conference in the province on April 7. 

According to Hoan, the province will also give approval to investors to conduct research on 19 projects worth VND20,925 billion (US$909.7 million) specialised in hi-tech agricultural products and aquaculture. 

On the occasion, three projects on the construction of roads in the build-transfer and build-operate-transfer model with combined registered capital of VND2,717 billion (US$118.1 million) will also receive investment certificates. 

Notably among the agricultural projects is a VND7.8 trillion (US$339.1 billion) scheme on agricultural industrialisation and a chain of manufacturing, harvesting, processing, transporting and distributing farm produce on a 2,000ha area in Quynh Phu district run by a joint venture between THACO Group and Loc Troi Group. 

The event will also witness the signing of agreements on the provision of credit and social welfare packages worth VND59 billion (US$2.56 million). 

Pham Van Xuyen, Vice Chairman of the provincial People’s Committee, emphasised that it will be the largest-ever agricultural investment promotion conference in Thai Binh, laying a foundation for the province to make five breakthroughs in agricultural development in the future.