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The World Bank funded 315 million for agriculture and education

Board Executive Director World Bank (WB) has approved loans worth $ 238 million to support the restructuring plan of Vietnam agriculture.

$ 238 million credit financing projects for sustainable agricultural conversion will bring direct benefits for about 200,000 rice farmers with about 1 million people in the Mekong Delta and 50,000 growers other coffee with about 250,000 people in the Central Highlands.

Chris Jackson, Rural Development Specialist of the WB, Project Leader stated that Vietnam is a leading exporter in the world of rice and coffee. However, due to the focus on output targets, farmers have applied excessive cultivation methods unsustainable to achieve high output but low export value. For sustainable development, the need to change the mode of production and way of organizing the supply chain, thereby bringing benefits to smallholder farmers, which is also the main purpose of this project.

The project will help farmers in Kien Giang, An Giang, Tien Giang, Can Tho, Soc Trang, Dong Thap and Long An adoption of better farming methods, improved infrastructure and production, processing and linking farmers with agricultural businesses to create products of higher quality rice. The project will also support sustainable coffee production and re-cultivation of robusta coffee in Lam Dong, Dak Lak, Dak Nong and Kon Tum.


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Source Government News