Three high-tech agriculture projects in the southern province of Binh Phuoc will receive more than VND1.7 trillion (US$73 million) in investment under an agreement inked between the provincial People’s Committee and its partners on Monday.

One of these projects will consist of an area for planting, gathering, purchasing, preserving and packaging fruit will be constructed by Hung Nhon Group and Chanh Thu Fruit import & Export Company at a total cost of VND100 billion. The project will provide some 20,000 tons of high-quality fruit for both domestic and foreign markets every year, and generate jobs for 200 local workers.

According to agricultural counselor at the Dutch Embassy in Hanoii Willem Schoustra, fertile soil and the minimum impact of harsh weather conditions have made Binh Phuoc Province an ideal place to expand cultivating areas for cashews, rubber and pepper, and orchards as well as safe husbandry farms.

Vice Chairman of the provincial People’s Committee Huynh Anh Minh says the projects are encouraged to form specialized farming areas in the province.