The Prime Minister has approved a loan programme by the State Bank ofVietnam for replanting coffee trees in the Central Highlands in 2014–20.
Healso instructed the central bank to co-ordinate with relevant agenciesto carry out the loan programme and ensure it is a success.
TheMinistries of Agriculture and Rural Development and Industry and Tradeand the provincial authorities of Lam Dong, Kon Tum, Dak Nong, Dak Lak,and Gia Lai have been ordered to work with the bank to facilitate theimplementation the programme by providing coffee growers farmingknow-how and promoting their products.
They were also instructed to help farmers easily get access to the loans.
Accordingto the Department of Cultivation, coffee is cultivated in 22 provincesand cities across the country, with five major areas being the CentralHighlands, the south-east, the southern and northern parts of theCentral Region, and the middle part of the northern region.
Atthe end of 2014, 641,000ha were under coffee, but on 15 percent of itthe trees were over 20 years old, and on 25 percent they were 15-20years old.
Some 140,000-160,000ha of coffee trees are aged and need to be replanted or replaced by other crops in the next 45 years.
Vietnam'sannual coffee exports exceed 3 billion USD, and over 500,000 householdsand more than 1.6 million workers depend on the crop for a living.
Coffeehas also contributed to the socio-economic development of the CentralHighlands and a number of other localities around the country.-VNA
Healso instructed the central bank to co-ordinate with relevant agenciesto carry out the loan programme and ensure it is a success.
TheMinistries of Agriculture and Rural Development and Industry and Tradeand the provincial authorities of Lam Dong, Kon Tum, Dak Nong, Dak Lak,and Gia Lai have been ordered to work with the bank to facilitate theimplementation the programme by providing coffee growers farmingknow-how and promoting their products.
They were also instructed to help farmers easily get access to the loans.
Accordingto the Department of Cultivation, coffee is cultivated in 22 provincesand cities across the country, with five major areas being the CentralHighlands, the south-east, the southern and northern parts of theCentral Region, and the middle part of the northern region.
Atthe end of 2014, 641,000ha were under coffee, but on 15 percent of itthe trees were over 20 years old, and on 25 percent they were 15-20years old.
Some 140,000-160,000ha of coffee trees are aged and need to be replanted or replaced by other crops in the next 45 years.
Vietnam'sannual coffee exports exceed 3 billion USD, and over 500,000 householdsand more than 1.6 million workers depend on the crop for a living.
Coffeehas also contributed to the socio-economic development of the CentralHighlands and a number of other localities around the country.-VNA
