HCMC invests over US$1.29 billion in southern provinces, cities

SGGP
Businesses in HCMC have invested in 42 production plants and establishments, 72 farms and farm complexes in provinces and cities in the southern region with capital totaling VND30,112 billion (US$1.29 billion).

A 120 hectare jackfruit farm of Vinamit Company in Phu Giao district, Binh Duong province (Photo: SGGP)

A 120 hectare jackfruit farm of Vinamit Company in Phu Giao district, Binh Duong province (Photo: SGGP)

Of the total funds, VND3 trillion is supplied for farmers of clean vegetable and breeding farms a year.
 
According to the city People’s Committee, the trade cooperation program between HCMC and southern provinces and cities has been implemented for seven years and more and more promoted efficiency.
Through the program, HCMC and provinces have implemented many trade promotion events, formed connectivity relations to create goods sources and develop distribution system and domestic goods supply chains.
Goods produced in provinces and cities have been present in the wholesale and retail distribution systems of the city, contributing in meeting consumption demand of city residents and positively impacting goods production activities in localities.
The program has made businesses feel secure to invest and connect to develop production and trading, build plants, expand farms and provide famers with capital to cultivate and breed, assist production cooperatives and develop distribution system.

By Hai Ha – Translated by Ngoc Thanh

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