Financial Efficiency of Nam Roi Pomelo Planting Models under Vietgap Standards in Binh Minh Town, Vinh Long Province

The study aims to evaluate the financial efficiency of Nam Roi pomelo farmers in Binh Minh Town, Vinh Long Province. Direct interviews were used to survey 70 households 35 households planting pomelos with traditional methods and the other 35 follow VietGAP standards in My Hoa and Dong Thanh Commune. The Financial ratio analysis and the Independent Samples T Test were applied in the study. The research results show that, although the resources are limited, Nam Roi pomelo farmers have applied technical advances in their cultivation process to improve productivity and raise their incomes. All financial ratios about the production efficiency of Nam Roi pomelo farmers following VietGAP standards are better than those of traditional pomelo farmers. This concludes that the application of technical advances in pomelo production has brought higher economic benefits for farmers. Nguyen Quoc Nghi "Financial Efficiency of Nam Roi Pomelo Planting Models under Vietgap Standards in Binh Minh Town, Vinh Long Province" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-5 | Issue-1 , December 2020, URL: https://www.ijtsrd.com/papers/ijtsrd38215.pdf Paper URL : https://www.ijtsrd.com/economics/finance/38215/financial-efficiency-of-nam-roi-pomelo-planting-models-under-vietgap-standards-in-binh-minh-town-vinh-long-province/nguyen-quoc-nghi