The Thoi Hung High-Tech Agricultural Zone will cover up to 500 hectares of land in Co Do district.
It will produce plant varieties and breed livestock under international standards and apply cutting-edge technology in processing agricultural and aquatic products.
Its operation is set to help expand the application of advanced agricultural technology in Vietnam , as a network of satellite farms and businesses will be linked with the zone.
The promotion centre said once operating in the zone, investors will have to pay only half of the land use fee. They will also be permitted to acquire land without charge for the purpose of building residential buildings for workers and public facilities.
They will also receive financial support covering between 70-100 percent of the training expenses for Vietnamese staff. Another 50-70 percent of advertising costs in the local media will also be covered, along with many other incentives.-VNA
