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Dầu Tiếng Rubber Corporation invests in high-tech agriculture

Update: October, 17/2017 - 18:00
Production of rubber bloc at the Dầu Tiếng Rubber Corporation. The corporation plans to build a high-tech agriculture zone. - Photo caosudautieng.com.vn
Viet Nam News

HÀ NỘI – Dầu Tiếng Rubber Corporation plans to build a high-tech agriculture zone, on an area of 2,000 hectares to improve efficiency in land use.

This is a part of its development strategy for the period of 2015-20, said Lê Thanh Hưng, the corporation’s general director.

The high-tech agricultural area will be located in Long Hòa and Minh Tân farms and the investment will be developed in three phases during the period of 2018-20.

The corporation plans to intercrop banana trees on a total area of 1,000 hectares, while in the remaining area, it will call on domestic and foreign investors to build joint venture projects on developing cultivation and husbandry.

The policy of intercropping other farming products in rubber plantations was implemented from 2014 on a total area of 1,487ha and the corporation made a profit of VNĐ785 million (US$34,475). This was developed every year, but in 2017, due to the low price of agricultural products, the area for ​​intercropping decreased, as against previous years.

Therefore, the corporation cooperated with the U&I Company with experience in market, plants and technique to develop a joint-venture project on intercropping banana trees in rubber plantations on an area of 1,000ha from 2017 to 2020.

This year, the two firms have invested in an area of 95ha with a total capital of VNĐ345 million. The area is expected to harvest in December and they expect to receive a revenue of VNĐ395 million per hectare, or an average profit of VNĐ52 million per hectare per year. — VNS

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