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December 9, 2010

 

Vietnam's central region has a promising agriculture business

 

 

The northern central region of Vietnam still has untapped possibility for agricultural investments, said Minister of Agriculture and Rural Development Cao Duc Phat on December 6.

 

With a 670-km coastline and advantages in forests, water resources and labour, the region had strong conditions for further agricultural development, particularly in forestry and seafood, Phat said.

 

The region, which included the provinces of Thanh Hoa, Nghe An, Ha Tinh, Quang Tri, Quang Binh and Thua Thien-Hue, was also suited for more trade with neighbouring Laos and Myanmar, he added.

 

Investors have hesitated to invest in the region since it was frequently influenced subject to natural disasters that might increase business risks, he acknowledged, but the problem could be solved if investors drew up suitable business plans and took full advantage of higher technologies.

 

The conference, part of the investment promotion programme for agriculture and rural development during 2009-15, the regional provinces delivered a call for investment in such sectors as seafood breeding, food and wood processing, and livestock breeding.

 

They vowed to offer investors a series of incentives, including land use fee exemptions and financial assistance in labour training, market development and transportation.

 

Three deals in the agricultural sector were inked among businesses during the event.

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