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|Phu Yen is taking a digital turn in agricultural development and production. Photo: phuyen.gov.vn|
Phu Yen High-tech Agricultural Park, which started construction in 2016, is on track to become a high-tech agricultural hub for many investors despite some development delays.
Planned with a total area for Phase 1 of 460 hectares with seven functional subdivisions, the agricultural park targets to be the place for sci-tech organisations and enterprises to invest in developing modern technology in agriculture or applying high-technology to produce agricultural products with high productivity, quality, and added value.
The province has invested in modern facilities and infrastructure for the park to meet the investors’ demand. To date, the construction of six components of the park has been implemented with the total investment capital of $22.6 million. There are 11 investment projects in the park registered at nearly $32.6 million, on an area of nearly 200ha and accounting for around two-thirds of the area for hire.
These projects are operating with total annual revenues of about $38.5 million and profit of $11.47 million, creating jobs for nearly 1,000 local workers.
Phu Yen High-tech Agriculture Zone, where the park is located, was established in 2013 and was one of 10 high-tech agriculture zones inserted in Vietnam’s master planning to 2020, with a vision towards 2030.
Chairman of Phu Yen People’s Committee, Tran Huu The said, “The industry has maintained stable growth with an average annual growth rate of 4 per cent in the period 2016-2020. Production value increased by an average of 4.5 per cent per year, ensuring to achieve the sustainable development targets.”
However, agriculture still has its limits in the area, such as the proportion of livestock and aquaculture in the province’s total economic structure still being modest, while the value of production per unit of arable land is also low, The said.
Nguyen Van Hung, director of the Authority of Phu Yen High-tech Agricultural Park, added that despite much of the infrastructure being completed and investors enjoying numerous special incentives, the park’s development is not as far ahead as expected.
Phu Yen Department of Planning and Investment and the management authority are being proactive in proposing with the provincial people’s committee to develop component projects in the agricultural park in order to make it become a key hub to attract high-tech agricultural projects and a high-quality seed incubating centre for the south-central coastal region.
Agreement signed with EREX JSC
In the framework of Prime Minister Pham Minh Chinh’s business trip to Japan, representatives of Phu Yen People’s Committee and EREX JSC agreed to cooperate in developing raw material areas for sorghum cultivation and investment in projects using raw materials from sorghum in the province.
The two parties will study the possibility of developing raw material areas and application of advanced Japanese agricultural automation technology to the production process; conduct a feasibility study for the construction of a sorghum tablet production plant; and research opportunities to develop biomass thermal power plants.
They will also study the feasibility of logistics cooperation to serve for the export of sorghum pellets to Japan, including the possibility of developing an international bulk cargo port in Phu Yen.
Infrastructure scheme adjusted for high-tech agricultural park
Phu Yen has approved changes to infrastructure planning of the province’s High-Tech Agricultural Park and assigned the Department of Agriculture and Rural Development to combine with the management board to report phase-1 plans for the park.
The parties will review segments while adding new ones suitable to the situation, and look at capital sources for the public-invested project leading towards 2025. The province also approved the establishment of a report for proposing investment planning for the park’s 2-phase infrastructure project.
The province is eager to complete land clearance for the park and provide compensation for households. The project is funded by Agriculture Limited Company FLCBiscom and the company disbursed $542,600 for the project in 2020.
Province to develop seafood and aquaculture
Phu Yen People’s Committee is allowing the Department of Agriculture and Rural Development to build an overall plan for the seafood and aquacultural fisheries towards 2025 with a vision to 2030.
The overall target drives sustainability and the industry’s expansion will be suitable with the province’s socioeconomic development and harmony with other economic sectors.
The overall project will combine detailed targets, policies, and mechanisms to deal with problems arising during the restructuring process, such as the problems relating to switching farming areas.
Specific targets made for marine economy
Economic growth based on production value for 2021-2025 for the sea and coastal area is expected to reach an average of between 12.5-13 per cent per year.
The total investment for sea and coastal localities in the period is estimated at 75 per cent of the province’s whole investment. The total funding inflow in the South Phu Yen economic zone will make up half of the total capital for the sea and coastal localities.
By 2025, the sea and coastal localities’ state fund will contribute 80 per cent to the province’s state fund.