The People’s Committee of Dong Nai Province has approved the large field project of intercropping cocoa and cashews in An Vien Commune, Trang Bom District with Bamboo Capital JSC (BCG) being the project owner. This is the 8th large field project to be approved and provided with financial support by the Committee.

In 2017, BCG will implement the project on an expected area of 111 hectares along with an expected target of 1,000 hectares in 2023.  The total budget for the project is expected to be 300 billion VND, carried out in the form of joint production with cashew farmers and tied to product consumption agreement between the State, enterprises and farmers in An Vien, Trang Bom District, Dong Nai Province. The project’s ultimate goal is to create a sustainable raw material area for producing and consuming cocoa on a large scale, thereby enhances uniformity and quality of cocoa exports from Vietnam. At the same time, the project also contributes to increasing the production efficiency for farmers as they can now intercrop cocoa with existing cashews to improve their source of income.

In order to secure the system infrastructure needed for production in the project area, Dong Nai Province will use its local budget to invest in infrastructure constructions such as roads, utility systems to support the project’s participants, ultimately contribute to improving the efficiency of land utilization and generate higher yields.

The project is estimated to have a revenue of 10.5 million USD after harvesting in 2023. In March 2017, BCG will coordinate with Agricultural Extension Center, Sub Department of Crop Production and Plant Protection along with technicians from Nong Lam University – Ho Chi Minh City to organize training sessions for 55 participating households in An Vien before implementing the project.