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Danang calls for $68m investment into high-tech agriculture

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The central city of Danang is calling for an investment of VND1.5 trillion (USD68 million) into the development of high-tech agriculture.
On December 15, Danang held a forum to seek high-tech agriculture investments.

At the event, experts said that Vietnam is among countries which have been hardest hit by natural disasters, so it was essential to boost the application of modern technology into the agriculture sector, particularly for coastal localities like Danang.

It was also necessary to strengthen co-operation between management agencies, scientists and enterprises with farmers.

At the forum, the city called for the VND1.5 trillion investments into five high-tech agricultural projects.

Investors in this area will be offered a 50% discount on site clearance costs. They will be provided with preferential loans for the first three years with the maxim loan of VND10 billion (USD454,545) each project.

Dr. Vu Thi Bich Hau, deputy director of the city’s Department of Science and Technology, said that the city will try to hand over the land to investors as quickly as possible. She also hoped that the Ministry of Agriculture and Rural Development will help to turn forestry land in Hoa Vang District into farming land to serve the projects.


Source: dtinews