Ministry throws support behind cocoa cultivation

13 | 11 | 2007

The agriculture ministry has approved a plan to develop cocoa cultivation, spending some 40 billion dong, or nearly US$2.5 million, to multiply the farming area in the next decade.

Under the plan, the country's area under cocoa cultivation will be expanded to 60,000 hectares from the current 10,000 hectares by 2015. This area will include 35,000 productive hectares with total yield of 52,000 tons for exports by then.

The farming area will further expanded to 80,000 hectares by 2020, including 60,000 productive hectares, with an annual yield of over 100,000 tonnes worth some US$l00-120 million, according to the plan signed last week by deputy agriculture minister Diep Kinh Tan.

Vietnam will mobilize investment sources from the State Budget and foreign aids to finance the plan. Some 22 billion dong will be sourced from the State coffer, mainly to cover planning and other technical issues.

Vietnam's cocoa fanning is now mainly concentrated in the Mekong Delta and the Central Highlands region.

Source: Intellasia News Online

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