HCM City boosts trade cooperation with southern provinces

Thursday, 2019-05-02 16:37:29
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An enterprise from HCM City invests in a hi-tech agricultural production project in Lam Dong province. (Photo: K.V)
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NDO – Enterprises from the economic hub of Ho Chi Minh City have poured investments into 42 factories and 72 farms in provinces and cities in the southern region, according to the People’s Committee of Ho Chi Minh City.

Approximately VND30,112 billion (US$1.29 billion) hasbeen invested in provinces and cities in the Southeast and Mekong Delta regions, including an average VND3,000 billion (US$129 million) provided for breeding and vegetable farms annually.

The results were attributed to the 7-year implementation of the trade cooperation programme between Ho Chi Minh City and southern provinces. Thanks to the programme, Ho Chi Minh City and localities in the southern region have co-ordinated to carry out a number of trade promotion activities and establish links to develop distribution systems and supply chains for locallyproduced goods.

The participation of goods produced locally in southern provinces into the wholesale and retail distribution systems in Ho Chi Minh City not only meets theconsumption demand of city’s residents but also promotesgoods production in localities in the south, particularly the production of agricultural, forestry and aquatic products.

Through the cooperation programme, enterprises will beassured of investing in production and business activities and providing capital for farmers at farming cooperativesin southern provinces.

For example, Ho Chi Minh City signed deals with the southern provinces of Long An, Lam Dong, Tien Giang, Dong Thap and others to provide high-quality food withfarm-to-table traceability for the city’s residents.