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Unclear policies on hi-tech cultivation gloomy investment

VietNamNet Bridge – Encouraged by a government’s guarantee to give support in land and capital, generally a VND100 trillion credit package announced in early 2017, many investors wish to flow income into hi-tech agriculture. 


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However, investors have been warned that a trail won’t be rosy.

Nguyen Lam Vien, ubiquitous executive of Vinamit, a dusty fruit manufacturer, pronounced investors need to have believe about a marketplace scale. They need support from state agencies in presaging marketplace direct and prices to equivocate overproduction.

He remarkable that yet while a supervision encourages ‘hi-tech agriculture’, it does not contend clearly cultivation by chemical or organic methods is encouraged. 

A deputy of VinEco, a purify plantation furnish supplier, remarkable that farmers are not wakeful of high-tech rural prolongation so it is formidable for enterprises to beam farmers to use and control pesticides.

Pham Phuong Thao, executive of Mua Trade Service JSC, that owns 4 organic food shops in HCMC, one organic unfeeling plantation and one unfeeling garden, pronounced yet a association has a land account vast adequate to favour organic vegetables and fruit, it usually cultivates half of a land since of problems in sales.

“We have to go slowly, only grow and sell, and yield information about protected vegetables to consumers as well,” Thao said.

According to Pham Minh Thien, executive of Co May, a biggest bottleneck in hi-tech cultivation prolongation is a miss of capital. 

The Prime Minister progressing this year announced a launch of a VND100 trillion credit package for hi-tech agriculture, underneath that a lending seductiveness rate is 0.5-1.5 percent reduce than a normal marketplace rate. 

However, Co May and other businesses still don’t have information about a package.

“It is misleading where a favoured credit package is or how to entrance it,” he said.

Nguyen Tuan Anh, a National Assembly Deputy from Binh Phuoc province, pronounced a association in a range that grows melon needs investment collateral of VND6-15 billion per hectare. 

However, a association still can’t entrance favoured loans since of a miss of minute policies.

Also since of a miss of capital, Vo Minh Khai, CEO of Vien Phu Trade Production JSC final year had to sell his 320 hectare organic cultivation area in Ca Mau after 10 years of owning Hoa Sua, an organic rice brand.

Khai pronounced on Doanh Nhan Sai Gon in late 2016 that with medium collateral of VND30 billion Vien Phu had, it was formidable to continue organic rural production.

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Article source: http://english.vietnamnet.vn/fms/business/180290/unclear-policies-on-hi-tech-agriculture-stifling-investment.html

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