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Economy

Vietnam to disburse $6.2bln for 515 agricultural projects

Khanh Minh Thursday | 08/20/2020 15:52

A sluice in a coastal commune in the Mekong Delta province of Kiên Giang prevents saltwater intrusion. – VNA/VNS Photo Lê Huy Hải

Ministry of Agriculture and Rural Development has been urged to implement important projects, aiming to promote disbursement of public investment capital and remove difficulties for investment projects.

During a working session with Deputy Prime Minister Trinh Dinh Dung on Wednesday, Minister of Agriculture and Rural Development Nguyen Xuan Cuong, said that in the period of 2021-2025, the ministry proposed total investment capital of VND143,694 billion ($6.2 billion), 1.96 times compared to the period of 2016 – 2020 to be arranged for 515 projects. 

In which, domestic capital source is VND130,376 billion ($5.6 billion) and ODA capital is VND13,318 billion ($574 million).

The money will be injected to projects including Ninh Quoi ship lock, sluicegates in Vung Liem, Bong Bot and Tan Dinh, Xuan Hoa pumping station, 18 sluicegate projects for salinity control under the North Ben Tre irrigation system project.

Deputy Minister of Planning and Investment Tran Quoc Phuong said that the Ministry of Agriculture and Rural Development was the leading agency in official development assistance disbursement, managing many fields, contributing a great role in ensuring welfare in the Covid-19 pandemic.

As this reason, it’s important to have more preferential investment capital policies.

Deputy PM Dung urged the ministry and relevant ministries to develop a medium-term investment plan in accordance with key and urgent tasks such as regulating fresh salinity in the Mekong Delta, anchoring area of fishing vessels, reinforcing lakes and dams, natural disasters prevention and control.

However, it is necessary to choose projects that are suitable for investment with high economic efficiency and construction schedule to ensure work quality and prevent loss and waste.

Source: SGGP, MARD

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