Boosting agriculture science & technology in Viet Nam - ADB
02 Jan '07
3 min read
It will also improve farmers' access to agricultural extension services, or information or education, in mainly upland or remote areas in five provinces – Dak Nong, Nghe An, Ninh Thuan, Quang Nam, and Thanh Hoa. Training, such as on business skills, advanced agricultural science and technology, and integrated pest management, will be provided based on needs. The project will also support on-farm demonstration trials through contractual arrangements with regional or national research institutes to strengthen the links between research and extension.
Last, teachers will be trained in 10 rural-based technical and vocational training schools where school equipment and facilities will be upgraded under the project.
The project complements the Agriculture Sector Development Program, which was approved in 2002 with a $90 million loan from ADB.ADB's new loan, from its concessional Asian Development Fund, carries a 32-year term, including a grace period of 8 years. Interest is charged at 1% per annum during the grace period and 1.5% subsequently.
The Government will contribute $10 million equivalent toward the project's total estimated cost of $40 million. The Ministry of Agriculture and Rural Development is the executing agency for the project, which is due for completion around December 2011.
ADB, based in Manila, is dedicated to reducing poverty in the Asia and Pacific region through pro-poor sustainable economic growth, social development, and good governance. Established in 1966, it is owned by 66 members – 47 from the region. In 2005, it approved loans and grants for projects totaling $6.95 billion, and technical assistance amounting to $198.8 million.
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