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Soc Trang in pursuit of investments
November 09, 2016, 12:19 AM
The Mekong Delta province of Soc Trang is endowed with geographic advantages to develop the agricultural and aquatic sectors.

Soc Trang has 72 kilometres of coastline with three main estuaries, namely Tran De, Dinh An, and My Thanh. The province has conditions for developing the marine economy, especially in aquaculture. Soc Trang has a total area of 70,000ha for aquatic breeding.

Shrimp farming is popular in My Xuyen, Tran De, and Cu Lao Dung districts, and Vinh Chau town, while tra fish is raised mainly in Ke Sach and Long Phu districts.

Soc Trang has the largest shrimp farming area in the Mekong Delta, with 48,000ha for brackish water shrimp. In 2016, fisheries reached an export turnover of US$600 million with a total output of 236,000 tonnes, including 170,000 tonnes from farms and 66,000 tonnes from natural catches.

The province’s aquatic processing facilities have applied Vietnam’s leading techniques with an annual output of 150,000 tonnes of finished aqua-products. Among them, frozen shrimp is considered a key export product.

Soc Trang is implementing an agricultural restructuring plan towards higher value-added and sustainable agriculture by 2020. To achieve this goal, the province encourages businesses to invest in technological innovations, reorganise production, and build brand names in combination with market expansion.

The province has also built orientations for high-quality agricultural production and increased accessibility to the high-end market. It will focus on producing specialty rice, brackish water shrimp, artemia, dairy cows, and meat.

Soc Trang will also focus on developing a farming and collective economy, large-scale paddy field model, and commodity chain. The move aims to increase the scale of agricultural production and achieve agricultural land value of VND150 million (US$6,718) per hectare .

30,000ha will be set aside for intensive and semi-intensive shrimp rearing with brackish water shrimp production of 105,000 tonnes.

To take advantage of its potential, Soc Trang is calling for investment from domestic and foreign companies focussing on breeding, material development, and production of agri-aqua products.

Soc Trang continues its efforts to implement administrative reforms and publicise policies to lure more investors in agricultural and aquatic sectors.

Local and foreign enterprises investing in the province will enjoy support in finance, credit, land allocation, infrastructure, and science and technology. Soc Trang authorities prioritised its highly competitive agricultural products which generate more employment.

Source: VIR

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