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Submitted by ctv_en_1 on Wed, 01/10/2007 - 16:00
Farm owners invested some VND29.32 trillion (roughly US$1.83 billion) in intensive farming and production expansion in 2006, an increase of more than 90 percent over 2001, according to the General Statistics Office (GSO).

Preliminary figures of a GSO survey showed that the average investment capital of each farm ranged from VND144.4 million to VND575.5 million, depending on the size of cultivated land.


According to the survey, together with the increasing investment capital scale, farming economy has been developing toward commodity production in line with the market.


The country’s farms earned a combined revenue of VND19.82 trillion, 3.6 times higher than the 2001 figure.


The development of farming economy, especially in the southeastern region, Central Highlands and the Red River Delta, has contributed to creating jobs and increasing income for local people in rural areas.

 

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