RoK enterprise invests in high-tech agricultural project
Vietnam Moc Bai JSC under the Republic of Korea’s Taekwang Group will splash out over 261 billion VND (11.6 million USD) on a high-tech agricultural project in the southeastern province of Tay Ninh.
Worker examines plants at the 90ha HCM City high-tech agriculture zone. (Source: VNA)Tay Ninh (VNA) – Vietnam Moc Bai Joint Stock Company under the Republic of Korea’s Taekwang Group will splash out over 261 billion VND (11.6 million USD) on a high-tech agricultural project in the southeastern province of Tay Ninh.
From 2015-2018, the company will develop a fruit and vegetable cultivating area in line with VietGap standards, which can produce 25-28 tonnes per crop. In addition, bio cattle and poultry farming models will also be built.
The project is expected to create jobs for 100 local labourers. Products will be consumed in both domestic and foreign markets.
Vietnam Moc Bai Joint Stock Company is a large enterprise in Tay Ninh. It started a footwear production plant, which has provided jobs for 15,000 workers, in 2007.
In 2014, the company gave a support worth 20 billion VND (889,200 USD) to farmers in An Thanh commune, Ben Cau district to form a 200-hectare area producing high-quality rice.
Early 2015, it launched construction work on infrastructure of a 100-hectare garment and textile industrial zone, also in An Thanh commune.-VNA
You should also see
InfographicADB maintains 2024 economic growth forecast for Vietnam
In its April 2024 Asian Development Outlook (ADO) report, the Asian Development Bank (ADB) has maintained its earlier forecast for Vietnam’s economic growth this year, despite ongoing uncertainties from the external environment. Vietnam’s economy is expected to achieve a growth rate of 6.0% in 2024 and 6.2% in 2025.
See more
Business
Vietnam treasures multifaceted cooperation with Côte d'Ivoire: Deputy FM
Vietnam always attaches importance to and wishes to bolster multifaceted cooperation with Côte d'Ivoire – its traditional friendship partner in Africa, Deputy Minister of Foreign Affairs Nguyen Minh Hang has said.
Videos
Foreign investment driven towards new breakthrough phase
Vietnam has so far drawn nearly 500 billion USD in registered FDI capital after nearly four decades of opening up its economy, with investment quality improvement considered a key task for a new breakthrough phase ahead.
Business
Quang Ninh attracts additional 115 million USD from Japan investors
The Quang Ninh Economic Zone Authority (QEZA) presented investment certificates to two Japanese projects worth 115 million USD in total at a conference held at Song Khoai Industrial Park (IP) on April 19.
Business
Central bank plans to auction gold bars on April 22
The State Bank of Vietnam (SBV) will auction SJC-branded gold bars on April 22, a representative of the central bank said on April 19.
Business
Hanoi to host Vietnam Medipharm Expo 2024
The 31st Vietnam International Medical and Pharmaceutical Exhibition (Vietnam Medipharm Expo 2024) is scheduled to take place in Hanoi from May 9 to 12, an official of the Ministry of Health (MoH) told a press conference on April 19.
