Binh Phuoc asks City for more investment
Binh Phuoc asks City for more investment
Binh Phuoc Province has called on enterprises in neighbouring HCM City to invest further in its agricultural processing industry to build on the success of the last eight years.
At a meeting on Friday with HCM City authorities to review past co-operation between the two sides and continue with it until 2020, Binh Phuoc's Party Committee Secretary Nguyen Tan Hung promised to create favourable conditions for HCM City's firms investing in his province.
Beside calling on them to invest in growing and processing agricultural produce, he also urged them to build industrial parks and invest in other areas.
Officials from Sai Gon Co.op and Sai Gon Trading Group (SATRA), who attended the meeting, said they would expand their supermarket chains in the province this year and invest in other agricultural projects.
Over the last eight years the two sides have created favourable conditions for each other's firms to invest with satisfactory results, especially in agriculture and rural development.
Every year the province supplies HCM City 1-1.3 million chickens and other poultry, 30,000 pigs, and over 10 million eggs.
A 547.5ha rubber plantation developed by Sai Gon Forestry Company in the province's Bu Gia Map has shown encouraging results, Ba Huan Limited Company runs a VND28 billion (US$1.3 million) poultry farm, which supplies eggs to HCM City.
At the meeting, the Sai Gon Agriculture Incorporation signed a memorandum of understanding with Binh Phuoc's Department of Agriculture and Rural Development for raising cattle in Bu Dop District.
SATRA signed an agreement to grow eggplant using advanced techniques.
HCM City Party Committee Secretary Le Thanh Hai said the city and Binh Phuoc have a close relationship but are yet to fully exploit their advantages and potential.
vietnamnews
