Projects look for right fit

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Báo Đầu Tư English - 31 month(s) ago 4 readings

Projects look for right fit

Northern mountainous Yen Bai province is searching for partners to develop five agro-forestry-fisheries projects.


The mountainous region has rich development potential for agro-forestry-fishery projects

The projects, estimated to cost VND560 billion ($27 million), will be implemented under the form of joint ventures, in which the local partner is the provincial Department of Agriculture and Rural Development.

Yen Bai has big potential for forest plantation and developing wood processing industry when it plans 268,600 hectares of forestation for production. Thus, the province is planning to build a timber processing plant worth VND300 billion ($14.5 million) in Tran Yen district to churn out 100,000 cubic metres of boards each year.

The products will be capable of rivaling imported ones and set to be exported. When operational, the plant is expected to use some 120-150 workers. Yen Bai is also seeking partners to build a plant at VND60 billion ($2.9 million) to make cinnamon attar and products from cinnamon wood.
The facility, set to have a duration of 50 years in Van Yen district, will turn out 200 tonnes of cinnamon attar annually and employ 150-200 local residents. Currently, Yen Bai is the biggest cinnamon-growing locality in Vietnam with around 30,000ha while cinnamon trees carry high economic values, particularly export values.

With a view to fully exploiting the advantages of a tea-growing province, Yen Bai is searching for investors in a project on developing a tea plantation area and a tea processing facility.
Accordingly, the project, at total investment of VND100 billion ($4.8 million), will include a tea plantation area of 2,450ha in three districts of Van Chan, Mu Cang Chai and Tram Tau and a tea processing factory at an annual capacity of 10,000 tonnes of fresh buds in Van Chan district.
The tea products made by the plant will be shipped to Pakistan, India, Russia, the Middle East, Europe, Japan and Taiwan.

The project is expected to provide jobs for 150-200 people directly working at the plant and increase income for some 1,200 households joining the tea material area. Tea is considered the tree of poverty reduction in Yen Bai where is home to 12,500ha of tea and yields over 80,000 tonnes of fresh buds each year.

In addition, the province is looking for partners in a three-hectare aquaculture project at Na Hau nature reserve in Van Yen district. The project, estimated to cost VND50 billion ($2.4 million) and have duration of 50 years, will turn out a cold-water fish output of 2,000 tonnes by 2015.
At present, Yen Bai has some 30,000ha of water surface for aquaculture, including 19,000ha of Thac Ba lake and 16,400ha of Na Hau nature reserve.

Lastly, the province is also searching VND50 billion ($2.4 million) for raising pigs and building a large-scale cattle slaughter house in Tran Yen district. Once operational, the 5ha project is expected to have 50 sows, 2,000 porkers and a facility capable of slaughtering 100 porkers per day.

The column is cooperated by the MARD’s Investment Promotion Programme

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