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E-mail Xinhua, March 20, 2024
HANOI, March 20 (Xinhua) -- Vietnam will implement a project worth about 375 million U.S. dollars to support infrastructure for low-carbon rice cultivation in the Mekong Delta region from 2026 to 2031, Vietnam News reported Tuesday, citing the Ministry of Agriculture and Rural Development.
It is part of the government's initiative to develop 1 million hectares of low-carbon and high-quality rice fields.
The fund will be primarily sourced from a 360-million-dollar loan of the International Bank for Reconstruction and Development of the World Bank.
The remaining 15 million dollars will be invested by the Vietnamese government and local authorities.
The project aims to help Vietnamese farmers adapt to climate change and increase farm profitability while supporting small-scale producers through the development and strengthening of farmer organizations and cooperatives.
It will also mobilize credit resources for areas implementing low-carbon practices. Enditem
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