A delegation of the Ministry of Industry and Trade and the EU Delegation to Viet Nam had a meeting with Gia Lai''s authorities on electricity supply for rural areas and renewable energy development.
The Ministry of Planning and Investment is drafting a decree to support loans and interest rates for enterprises that invest in agriculture and rural areas in the near future.
The south-central province of Ninh Thuan spent nearly VND3 billion (US$129,000 ) to develop local craft villages in a bid to boost rural incomes and build new-style rural areas.
Viet Nam has a lot of agricultural products and local specialities in high demand but most of them are still distributed through intermediary sellers and traditional markets.
As of the end of last year outstanding loans in agricultural and rural areas around the country increased by 21.4 per cent from a year earlier, Nguyen Quoc Hung, director of the State Bank of Vietnam’s credit department, said.
Viet Nam is entering the Fourth Industrial Revolution with the participation of all sectors, including the banking system however, non-cash payment has seen development stall as the country’s population has not yet embraced its benefits.
The banking sector needs more solutions providing bigger fund for the agriculture and the rural area for sustainable development in the future, according to experts.
Ethnic minorities living in Cao Bang and Lang Son will get a chance to buy quality Vietnamese products at six trade fairs to be held in the two provinces starting on Wednesday.
The State invested some VND611 trillion (US$27.4 billion) in agriculture
and rural areas during 2011-15, 1.83 times higher than the previous
five-year period.
Exemption and reduction in land rent, cost support for advertising,
vocational training, and base construction investment are among the
incentives and facilitation that enterprises enjoy while investing in
agriculture and rural areas.
Nearly 40 local companies are displaying their products at a three-day
trade fair titled "Bringing Vietnamese Goods to Rural Areas" that opened
in Bac Lieu Province''s Dong Hai District yesterday.