Give agriculture a high-tech boost

by P.V05 February 2017 Last updated at 11:16 AM - In preparation for further amendments of the 2013 Land Law, Prime Minister Nguyen Xuan Phuc has requested provinces and cities to gather recommendations to support high-tech agriculture.

One big step in these efforts is identifying where and how to obtain land for business. While leasing land does not necessarily have to be a complicated process, it is important to determine whether or not the proposed investment will gain approval before signing any rent contracts.

Since 2015, land leasing to serve high-tech agriculture has been a hot button issue that's been dominating farmers' attentions in Xuan Khe in Ly Nhan District. The most concerning issue for them is whether land leasing has been legalized or not. However, their concerns have been resolved as potential investors are now able to obtain a letter given by the People's Committee on the feasibility of the project. This is a good idea for potential investors.

"Though not being specified by laws, we all believe that the policies can support farmers. With our approval, farmers may have the confidence to rely on the province's prestige to lease their land. I think this is a strategic move as farmers are encouraged to make use of their land", said Ngo Van Quang - Chairman of Xuan Khe Commune People's Committee, Ly Nhan District, Ha Nam Prov.

This is the first high-tech agricultural project in Nhan Khang. 23.7 hectares of land have been handed over to businesses just one year after the proposal was made. Supporting infrastructure including roads, canals and an electricity supply have been provided. Investor's proposals to extend the land use term from 10 years to 20 years were also approved while investment licenses were granted within a short period of time.

"We got our investment license just 3 days after registration. The land leasing contract was also completed quickly. It took us only 1 month and a half to extend the contract term from 10 years to 20 years", said Vu Thu Dang - Chairwoman of Ha Nam High-tech Agriculture Investment Development Company.

So far, Ha Nam province has accumulated 300ha of land and has made 200 billion VND of rental payments to landowners. It has also attracted investment from four enterprises in high-tech agriculture.

In the time to come, the model will be further expanded through a collaboration with cooperatives and further investment from big corporations. Additionally, access to supporting credit packages will be made easier for both farmers and businesses.

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