This is a part of its development strategy for the period of 2015-20, said Le Thanh Hung, the corporation’s general director.

The high-tech agricultural area will be located in Long Hoa and Minh Tan farms and the investment will be developed in three phases during the period of 2018-20.

The corporation plans to intercrop banana trees on a total area of 1,000 hectares, while in the remaining area, it will call on domestic and foreign investors to build joint venture projects on developing cultivation and husbandry.

The policy of intercropping other farming products in rubber plantations was implemented from 2014 on a total area of 1,487ha and the corporation made a profit of VND785 million (US$34,475). This was developed every year, but in 2017, due to the low price of agricultural products, the area for ​​intercropping decreased, as against previous years.

Therefore, the corporation cooperated with the U&I Company with experience in market, plants and technique to develop a joint-venture project on intercropping banana trees in rubber plantations on an area of 1,000ha from 2017 to 2020.

This year, the two firms have invested in an area of 95ha with a total capital of VND345 million. The area is expected to harvest in December and they expect to receive a revenue of VND395 million per hectare, or an average profit of VND52 million per hectare per year.