Hau Giang: Nearly 70 million USD needed for agro sector
More than 1.6 trillion VND (69 million USD) is needed to carry out a project enhancing competitiveness through promoting the trade of fruits and vegetables in the Mekong Delta province of Hau Giang.
Hau Giang (VNA) - More than 1.6trillion VND (69 million USD) is needed to carry out a project enhancingcompetitiveness through promoting the trade of fruits and vegetables in theMekong Delta province of Hau Giang in the 2021-2026 period.
The investment will include 160 billion VND ofthe corresponding budget, nearly 780 billion VND of the Asian Development Bank(ADB)’s foreign loan, and 46 billion VND of non-refundable aid, while theremainder will come from corporate and cooperative capital.
The project features four components: innovationand technology transfer; infrastructure building and equipment; IT developmentsupport, organisation and coordination of value chains and credit support; andproject management and backup.
The ADB’s loan will be used to supportinfrastructure building and equipment to develop vegetable, mushroom and fruitareas in seven districts and towns across the province.
It aims to have at least 20 percent of fruitsand vegetables to receive Vietnamese Good Agricultural Practices (VietGAP) andGlobalGAP by 2025 and build at least 2-3 typical agricultural brands.
At a working session with a delegation from theADB national programme on March 18, Vice Chairman of the provincial People’sCommittee Nguyen Van Tuan underlined the importance of the project which, hesaid, will contribute to building a stable supply region of fruits andvegetables, serving rural and farmer development in the coming time.
He proposed the ADB support Hau Giang implementother projects in infrastructure improvement, water supply and drainage, wastetreatment, climate change adaptation, electricity, health care, transportation,agriculture, and rural development.
Head of the ADB national programme Nguyen MinhCuong said the banks hope the fruit and vegetable project will be carried outin coincidence with the implementation of the middle-term investment plan of theprovincial People’s Council for 2021-2025.-VNA
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Illustrative image (Source: VNA)
