Agriculture - Rural areas

Ngoc Vu Company (Nam Sach) increased investment capital for agricultural product processing and trading project by more than 162 billion VND.

PV March 19, 2025 10:04

Hai Duong Provincial People's Committee has just approved the adjustment of investment policy, the investor to implement the Project of Processing Factory, Trading Agricultural Products and Factory Rental for Ngoc Vu Company Limited.

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Document approving adjustment of investment policy and simultaneously approving investor of Provincial People's Committee

The project of the Agricultural Products Processing and Trading Factory and Factory Rental of Ngoc Vu Company Limited has been adjusted in scale of processing and trading. Specifically: processing and trading 500 tons of carrots/year (increased by 400 tons/year); various types of corn and vegetables 200 tons/year (increased by 100 tons/year); onions, garlic, and celery 600 tons/year (increased by 400 tons/year).

Along with the scale adjustment, the project's total investment capital was also adjusted from over VND 91.83 billion to VND 254.201 billion (an increase of over VND 162 billion compared to the first proposal). The project has a scale of over 18,000 m2.

The project is expected to be completed and put into operation in September 2026.

Up to now, this is the agricultural product processing and trading project with the largest total investment capital ever in Nam Sach district.

The project of the Agricultural Products Processing and Trading Factory and Factory Rental of Ngoc Vu Company Limited is one of more than 100 projects with slow implementation according to the report of the Department of Finance in 2024. This is also the project that the Provincial People's Committee allows the investor to complete the procedures and adjust the investment policy.

Ngoc Vu Company Limited is headquartered in Nam Sach town (first investment policy approved in March 2021) with the main registered business lines being processing and preserving vegetables and fruits; manufacturing refractory products, construction materials from clay, concrete, etc.

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Ngoc Vu Company (Nam Sach) increased investment capital for agricultural product processing and trading project by more than 162 billion VND.