Thanks to credit funds, farmers boldly invest in coconut trees

The coconut industry has been growing strongly in recent years and has become a "billion-dollar" industry, but the lives of many coconut-growing households still face many difficulties and hardships. Mr. Phạm Văn Tánh, Director of An Thới Coconut Cooperative (Vĩnh Long), said that previously, the cooperative's coconut-growing members faced many difficulties, especially in terms of capital to invest in coconut trees. Some households managed to accumulate a small amount of money after a period of growing coconuts. However, such meager funds were not enough to develop their family's coconut gardens. Due to the lack of capital to invest in coconut trees, the coconut gardens of many farmers often had low yields, heavily affected by pests and diseases. Farmers operated on a small scale, so the output was often poor in terms of price. In general, due to the lack of investment capital for coconut trees, in the past, coconut-growing farmers faced many difficulties and lacked in their daily ...