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  • Stevia Corp. (STEV) to Complete Vietnam Government Supported Projects in 2012 0 comments
    Jan 16, 2012 7:21 PM | about stocks: STEV
    Stevia Corp. announced that commitments from regional and national levels of governments are paving the way for the quick development of stevia trial cultivation farms purposed for grower adoption on a commercial scale.

    According to a press release from earlier this week, the National Government of Vietnam is providing financial support for the development of 50 Ha of stevia cultivation. Additionally, the Bac Giang provincial government is supporting a further 20 Ha of stevia cultivation. Both projects are currently on scheduled to be completed this year.

    Stevia Corp.’s local grower partner, Stevia Ventures Corp. (“SVC”) of Hanoi, is the manager of both projects in conjunction with the appropriate government entities and local community farmers. The Vietnam government is supporting the projects with financial subsidies to the farmers to help introduce stevia as a new crop. The goal is to provide an incentive for these farmers to trial Stevia and demonstrate it as an economically viable alternative crop.

    Stevia Corp. is providing the farm management expertise to ensure a successful outcome. As terms of the agreement, Stevia Corp. will supply stevia seedlings and additional products and services utilizing its proprietary systems and will also have rights to off-take any non-stevia crops produced by inter/multi-cropping.

    Mr. George Blankenbaker, Stevia Corp. president, stated, “Having government support for our efforts to commercialize stevia is a huge benefit providing credibility to the local farmer communities and affirms our decision to begin efforts in Vietnam. The government and institutes at all levels have been supportive and understand the potential economic viability of stevia and this has resulted in a strong resolve to spur the commercial development and create a major economic stimulus for the rural communities.”

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: STEV
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