By On 30th June 2017, according to the official news agency of Vietnam, the government stated that the agriculture restructuring program was implemented from 2016 to 2020 with a total capital of VNĐ306.66 trillion (US$13.5 billion).
In accordance with the Law on Cooperatives in 2012, the program would support 2,000 newly established cooperatives and re-organized 90 % of existing agricultural cooperatives.
Prime Minister Nguyễn Xuân Phúc has approved a target program.
His sole mission is to restructure the agricultural economy, prevent natural disasters and stabilized people’s lives with total capital of VNĐ306.66 trillion (US$13.5 billion).
The Prime minister in his speech told, “The program, implemented from 2016 to 2020, will upgrade the seed producing establishments at central and local levels; invest in the construction of synchronous infrastructure for some key seed producing regions; produce a variety of seeds; and assist enterprises to implement projects in the field of special preferential investment.”
The Prime Minister added, “It will consolidate and renovate some 650km of sea dykes and 550km of river dykes; proactively prevent and limit damage caused by natural disasters; and repair, upgrade and ensure the safety of 1,150 small and medium water reservoirs to provide sufficient fresh water for the population of 12 large islands.”
Furthermore, it is also designed to help the cultivation and animal husbandry sectors carry out restructuring in a modern way.
According to the agriculture researchers, it would be convenient to create high added value and sustainability to cultivate a land.
It would contribute to raise the annual growth domestic product up to 4-5% per annum.
Reporter: Syeda Faiza Bukhari