Farmers need $4.4b support package: experts

Update: May, 23/2017 - 11:00
Nam Huy Đồng Tháp Co Ltd workers in Đồng Tháp Province package agricultural products for sale. — VNA/VNS Photo Vũ Sinh
Viet Nam News

HÀ NỘI — Farmers and enterprises need practical support from the credit package of VNĐ100 trillion (US$4.44 billion) for clean and high-tech agriculture development, according to experts.

This policy on encouraging investment in high-tech agriculture production has created a new investment wave in local agriculture, which is why many non-agricultural enterprises have invested in clean agriculture.

Agriculture expert Võ Tòng Xuân said the Government’s credit package will provide capital support for farmers and enterprises to boost development of high-tech agricultural production.

Therefore, capital should be provided to enterprises undertaking projects that produce farming products that are safe and of high quality.

The projects must ensure many farmers join the production chain, he said. 

Nguyễn Lâm Viên, general director of Vinamit Joint Stock Company, said the policy should focus on encouraging organic production with the development of clean agriculture for sustainable development of local agriculture.

Local experts said the country should have a long-term development strategy for high-tech agriculture, while enterprises must have a consumption plan for farming products when they invest in agriculture projects to avoid oversupply of farming products, Vietnam News Agency reported.

Enterprises should choose suitable technology which ensures farming products of high quality and reasonable price.

However, many enterprises said farmers and enterprises were facing difficulty in obtaining capital from the credit support policies.

Võ Minh Khải, general director of Viễn Phú Trading and Production Joint Stock Company in Cà Mau Province, said according to Decree 61/2010/NĐ-CP, his company’s organic agricultural production project should get preference in capital, but in fact, the project was unable to obtain loans from all resources, including preferential credit policies.

Phan Quốc Hưng, a farmer growing orchids in HCM City, also faced difficulty in obtaining preferential loans to further develop his orchid garden, requiring total investment capital of VNĐ2-3 billion. — VNS