Phu Yen suggests businesses invest in the agricultural sector

Thousands of billions of dong are invested in agriculture

Phu Yen is a province located in the South Central region. In addition to its great potential for tourism and the ocean economy, agriculture is also a strength that can be exploited and attract investment.

According to the Phu Yen Department of Agriculture and Rural Development, in recent times, the province's agricultural sector has attracted many businesses to invest in crop production, livestock, forestry, clean water, and rural environmental sanitation. Of which, there are three outstanding projects with a total investment capital of thousands of billions of dong that have been approved by the Provincial People's Committee for investment guidelines.

According to Mr. Nguyen Hoang Phuc, Deputy Director of the Phu Yen Department of Planning and Investment, there are two projects in the livestock field. First is the high-tech livestock project of Quang Minh Livestock Technology Development Investment JSC in Binh Thang village, Son Thanh Dong commune (Tay Hoa), with an area of about 60 ha. This project aims to build the technical infrastructure of sow farms in the direction of modern, closed technology, ensuring environmental hygiene standards to prevent epidemics, and meeting VietGAP livestock standards.

The project will contribute to increasing local budget revenue and creating jobs for local workers, contributing to the development of the livestock industry in Tay Hoa district in particular and Phu Yen province in general. At the same time, increasing the efficiency of using raw materials and agricultural wastes and by-products to create high-quality products to meet the needs of markets inside and outside the province.

As well as creating high-quality, safe, and disease-free output breeds; creating a shift in pig farming towards chain linkages from production to consumption of safe, high-yield, low-cost products, thereby meeting market needs and bringing profits to farmers. The project has an investment scale to build a livestock farm of about 15,000 sows to annually supply to the market about 300,000–350,000 piglets. The project has a total investment capital of about VND 795 billion.

Second is the Son Ha Pig Farm project of Son Ha Livestock Co., Ltd. in Son Ha commune (Son Hoa district) that is implemented on an area of about 17 ha with a scale of 20,000 pigs/batch (2 batches/year). The total project investment capital is about VND 109 billion.

For the field of crop production, there is a regional project linking high-quality rice production, purchasing, processing, and exporting rice in the Phu Yen province of Trung An High-Tech Farming JSC.

The project’s investment objective is to build a cluster of export rice processing factories associated with the development of high-quality organic rice raw material areas in key rice areas and neighboring provinces through the linkage form in Tay Hoa, Phu Hoa, and Tuy An districts, Dong Hoa town, and Tuy Hoa city. Thereby improving the quality and value of the rice chain for domestic service and export processing and building a strong rice brand for the business, the province, and the country.

The project has a total investment capital of about VND 590 billion, with a linkage scale of about 15,000 ha of organic rice. The project also invests in the construction of technical cluster items, including rice dryer lines, rice silo clusters, mills, material warehouse, office, canteen, worker rest area, and other auxiliary items, with an area of about 10.26 ha in Hoa Quang Bac commune (Phu Hoa district).

According to Mr. Nguyen Hoang Phuc, investors are currently implementing relevant procedures according to regulations to invest in project construction.

Orientation for businesses to invest in agriculture

Phu Yen province wishes to develop agriculture in a modern, ecological, and sustainable direction associated with building prosperous and civilized new rural areas, increasing added value, and large-scale commodity production associated with the advantages of each locality in the province.

According to Mr. Nguyen Hoang Phuc, regarding the province's development orientation, the Western key area develops high-tech agriculture, raw material areas associated with processing factories, etc. Lowland areas, including Tay Hoa and Phu Hoa districts, are planned to form concentrated production areas, annual crop raw material areas, and fruit tree areas for the processing industry. Mountainous areas including Dong Xuan, Son Hoa, and Song Hinh districts will build areas specializing in growing high-quality industrial crops, fruit trees, raw material trees, and medicinal herbs; cattle farming; and agricultural and forestry product processing industry. At the same time, develop the farm economy; build and replicate agricultural production models combining hill garden and forest garden production.

Mr. Nguyen Trong Tung, Director of the Phu Yen Department of Agriculture and Rural Development, added that based on Decision No. 236 dated February 29, 2024, of the Phu Yen Provincial People's Committee approving the list of projects calling for investment in the province in the 2024–2030 period, the agricultural sector is currently calling businesses to invest in the following projects:.

First is the joint project to build high-quality rice production areas in Tay Hoa, Phu Hoa, Tuy An districts, and Dong Hoa town. The Provincial People's Committee issued Decision No. 757/QD-UBND dated June 20, 2023, approving the investment guidelines as well as approving the investor for Trung An High-Tech Farming JSC.

Second is the project of high-quality fruit tree areas, medicinal herbs, and raw material areas associated with processing factories. Investment locations include Song Hinh, Son Hoa, Tay Hoa, Phu Hoa, and Dong Xuan districts, with an area scale of thousands of hectares and a total investment capital as proposed by the investor. Third is the project on building raw material areas and fruit processing and export fruit packaging factories in Song Hinh, Son Hoa, and Dong Xuan districts, with an area scale of thousands of hectares and a total investment capital according to the investor's proposal.

Fourth is the project on developing high-tech agriculture in the Van Hoa plateau; investment locations include Son Hoa and Tuy An districts; the area scale is about 300 ha. Total investment capital is about VND 300 billion.

Fifth is the project to build beef cattle and poultry farms in the province; investment locations include Song Hinh, Son Hoa, Tay Hoa, Phu Hoa, and Dong Xuan districts; scale and total investment capital as proposed by the investor.

Sixth is the project on concentrated production and livestock farming areas. The project invests in Song Hinh, Son Hoa, and Dong Xuan districts, with an area of about 1,000 ha and a total investment capital of about VND 2,000 billion.

Seventh is the project on high-tech aquaculture zones in Xuan Binh commune and Song Cau town, with an area scale of 100 ha and a total investment capital of about VND 300 billion.

Eighth is the project on aquaculture zones in open sea areas, with investment locations in Xuan Canh commune and Song Cau town, an area of about 700 ha, and a total investment capital of about VND 1,000 billion.

According to Mr. Nguyen Hoang Phuc, Deputy Director of the Phu Yen Department of Planning and Investment, in the coming time, agricultural businesses will be considered the force leading agricultural value chains and creating spillover effects for socio-economic development. To attract and encourage businesses to invest in agriculture and rural areas, the locality continues to promote administrative procedure reform, cut unnecessary business investment conditions, improve the quality of the business environment in agriculture, and well implement preferential mechanisms and policies to support businesses according to Decrees 52/2018/ND-CP, 57/2018/ND-CP, 58/2018/ND-CP, and 98/2018/ND-CP. At the same time, support businesses to have long-term access to land, in accordance with investors' legal use rights; increase investment in upgrading rural infrastructure to create conditions for investors to implement projects; and build a stronger incentive mechanism for investors to participate in the construction and business of agricultural and rural infrastructure in many different forms, especially the form of a public-private partnership (PPP).