Announcements

Job offersmore »

Tweeting Growers

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




Vietnam: Capital for high-tech agriculture

High-tech agriculture is a key direction for economic development. A credit package of US$4.4 million for high-tech and clean agriculture is considered a nudge for agricultural enterprises to expand production. But there remain obstacles to accessing the credit package.



Vietnam has 3 high-tech agricultural zones in Hau Giang, Phu Yen, and Bac Lieu. The Ministry of Agriculture and Rural Development has licensed 26 high-tech agricultural enterprises.

The government issued Decree 30 in March to allocate a credit package of US$4.4 million to loan high-tech enterprises. The State Bank of Vietnam launched a loan program for high-tech enterprises with interest rates of 0.5% to 1.5%.

Nguyen Thi Hong, Vice Governor of the State Bank, said the number of high-tech enterprises is small and the incentive loan program has not been widely implemented.

“Enterprises are still studying the program and have not yet submitted loan applications. They need to study the criteria of high-tech and clean agriculture according to the government decree. Commercial banks say they are preparing documents to instruct local branches to launch the program.”, noted Ms Hong.

Enterprises say one problem is that their property and assets are not acceptable collateral for bank loans. Minister of Natural Resources and the Environment Tran Hong Ha said “High-tech enterprises have to invest large sums in their facilities. The Ministry has drafted a circular to acknowledge their asset values and will consult other ministries to finalize it.”

Minister and Head of the Government Office Mai Tien Dung said some localities have proposed incentives for local businesses.

“The government has received proposals from the provincial Party Committees of Ha Nam and Thai Binh to allow them to rent land from farmers and lend it to enterprises. It will be a key policy to help high-tech agricultural enterprises”, Mr Dung noted.

Source: VOV / Agroberichten Buitenland

Publication date: 8/30/2017

 


 

Other news in this sector:

9/22/2017 Dutch technology for Qatari growers
9/21/2017 New report looks to boost UK production through agri-tech
9/21/2017 Growlink announces new irrigation controller
9/21/2017 New entry-level solution for precise crop control
9/21/2017 Partnership between ITU and FAO to bolster ICT innovation in agriculture
9/19/2017 Drones deliver improved outcomes for South African macadamia
9/19/2017 Wireless sensor network for agricultural communities launched
9/18/2017 Cornell develops robotic insect
9/18/2017 WUR releases report on Ethylene Postharvest Gas Analyser
9/15/2017 New approach to sun farming at University of Massachusetts
9/14/2017 DeltaTrak announces new ColdTrak import/export traceability kit
9/13/2017 Finnish NFT systems provider increases focus on U.S. market
9/13/2017 Internet of Things? How about an Internet of Tomatoes?
9/12/2017 Papua New Guinea to expand fruit and vegetable markets
9/7/2017 "High levels of growth in all life science sectors in Taiwan"
9/7/2017 Paskal launches cloud-based irrigation monitor solution
9/5/2017 China: Specialized farmers' cooperatives to promote modern agriculture
9/4/2017 Reusable catalyst could be a game-changer for the biomass industry
9/4/2017 Vietnamese private labs coming into their own
9/4/2017 US (CT): A nanoscale agricultural experiment with global potential