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Government to Spend VND165 billion to Promote Farming, Rural Industry - Vietnam Briefing News

Feb. 6 – The Ministry of Industry and Trade said that they will spend VND165 billion (US$9.3 million) this year to promote industrial production in rural areas.

The budget is set 50 percent higher compared to last year's figure. The ministry’s will pay special attention to light and small-scale industries in the north, Central Highlands, and Mekong Delta.

The ministry has already told industry departments in all 64 provinces and cities to assess and submit their industrial master plan through 2015 in addition to finalizing policies for promoting industry and attracting investment in 61 poor districts around the country.

The promotion aims to boost the rural industrial sector by 16 percent to provide more jobs, increase income, promote economic restructuring, eliminate hunger and poverty, and improve living standards, reports Vietnam News.

On the other hand, the Ministry of Agriculture and Rural Development will allot VND172 billion for promoting agriculture and fisheries. The amount will be divided as follows: VND130 billion on models, charts, and other materials, VND17 billion on education, and VND25 billion on training.

It should boost agriculture, forestry, and fishery in remote areas and those populated by ethnic minorities.

There will also be an agricultural promotion project for the poor that would implement new models of farming in remote and difficult areas with subsidies for seeds, materials, and training.