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Da Lat inaugurates fund for flower farmers

A loan scheme to support flower farmers was launched in Da Lat city in the central highlands province of Lam Dong on September 19.
A loan scheme to support flower farmers was launched in Da Lat city inthe central highlands province of Lam Dong on September 19.

The Agrivina- Dalat Hasfarm fund is being run by Agrivina Ltd. Co., oneof the biggest flower growers and exporters in the city, with a totalcapital of 2 billion VND (94,300 USD). The first five households wereawarded funds on the inauguration day.

The fund offers loans of50 million VND (2,300 USD) for flower farms of 1,000 sq.m and 100million VND (4,700 USD) for farms of 1more than 1,000 sq.m. Theinterest -free loan is to be paid back after two years.
Thefund is to be used to build greenhouses, invest in technological tools,and improve sprinkler systems in a bid to enhance the quality offlowers.

Agrivina executives said around 150 farmers are supplying flowers to the company for export.
At present, Lam Dong province has over 7,000ha of flower farmingland, making it the nation’s biggest flower producer. Over 4,400ha ofthis land is in Da Lat.

During the first seven months of thisyear, the province generated 16 million USD in flower export revenue,accounting for 5.9 percent of its total earning from exports.-VNA
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