RoK enterprise invests in high-tech agricultural project

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14:51, 2015/11/26

Vietnam Moc Bai Joint Stock Company under the Republic of Korea’s Taekwang Group will splash out over 261 billion VND (11.6 million USD) on a high-tech agricultural project in the southeastern province of Tay Ninh.

From 2015-2018, the company will develop a fruit and vegetable cultivating area in line with VietGap standards, which can produce 25-28 tonnes per crop. In addition, bio cattle and poultry farming models will also be built.
The project is expected to create jobs for 100 local labourers. Products will be consumed in both domestic and foreign markets.

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Vietnam Moc Bai Joint Stock Company is a large enterprise in Tay Ninh. It started a footwear production plant, which has provided jobs for 15,000 workers, in 2007.
In 2014, the company gave a support worth 20 billion VND (889,200 USD) to farmers in An Thanh commune, Ben Cau district to form a 200-hectare area producing high-quality rice.
Early 2015, it launched construction work on infrastructure of a 100-hectare garment and textile industrial zone, also in An Thanh commune.

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