New WB financing to bolster Việt Nam’s efforts to spur rural development

vietnamnews

Update: June, 29/2017 – 17:16

Raising rabbits of New Zealand variety helps a farmer in Hà Tĩnh Province earn some VNĐ1 billion (US$47,000) a year. Việt Nam’s success in reducing poverty is remarkable, a World Bank official said. — VNA/VNS Photo Vũ Sinh

Viet Nam News WASHINGTON — The World Bank’s Board of Executive Directors approved on Thursday US$153 million in concessional financing to support Việt Nam’s National Target Programmes (NTPs) for rural development and reducing poverty, which are central to the government’s strategy to raise rural incomes and productivity.

The financing will support the NTP’s efforts to improve rural infrastructure and expand work opportunities, while also building capacity to plan and deliver services, particularly to ethnic minorities, according to a press release published on Thursday.

“Việt Nam’s success in reducing poverty is remarkable. But communities in mountainous regions and rural areas remain vulnerable to poverty,” says Ousmane Dione, World Bank Country Director for Việt Nam.

“The World Bank is committed to partnering with Việt Nam in achieving more inclusive growth across the country, by targeting assistance for vulnerable groups and helping the agriculture sector to improve productivity and create more jobs.”

The operation will be implemented in 18 provinces that take part in the NTPs, with a view to developing and consolidating institutional reforms and more effective ways of doing business.

The new financing is aligned with the new World Bank Group’s Country Partnership Framework for Việt Nam, which supports the development of rural enterprise and value chain investments for producers in the countryside.

The 18 targeted provinces that will benefit from this programme include Cao Bằng, Hà Giang, Lào Cai, Bắc Kạn, Điện Biên, Lai Châu, Hà Tĩnh, Quảng Bình, Quảng Trị, Thừa Thiên-Huế, Quảng Ngãi, Ninh Thuận, Bình Thuận, Bình Định, Kon Tum, Đắc Lắc, Sóc Trăng, and Trà Vinh. — VNS

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This entry was posted in Nông nghiệp - Agriculture, Phát triển nông nghiệp bền vững - Sustainable agriculture development, Phát triển nông thôn, Xóa đói giảm nghèo - hunger eradication & poverty reduction, Đời sống nông dân and tagged , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net). I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

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