A pilot programme will aim at financing connectivity models betweenbusinesses and farmers in order to promote high-technology applicationin agricultural production and exports.
The State Bank ofVietnam (SBV), the Ministry of Agriculture and Rural Development and theMinistry of Science and Technology are considering cooperation on thepilot programme.
Director of the Credit Department underthe SBV Nguyen Viet Manh stated that there have been many agriculturalproduction models promoting connectivity between businesses and farmersacross the country.
A number of these models have provedto be successful, including the large-scale rice field model in theMekong Delta province of An Giang and some other localities, thehigh-tech vegetable and flower cultivation model in the CentralHighlands province of Lam Dong and the dairy farming and milk productproduction model in Nghia Dan in the central province of Nghe An.
Usingthese models, businesses have not only created large-scale rice fieldsand mechanised agricultural production, but also had stable raw materialproduction areas and constructed trademarks and geographicalindications for their products in both domestic and foreign markets. Themodels benefited both farmers and businesses.
At agovernment's regular meeting in February this year, SBV Governor NguyenVan Binh suggested the construction of a credit programme forconnectivity models and high-technology applications and farm exportpromotion projects.
The SBV, the Ministry of Science andTechnology and the Ministry of Agriculture and Rural Development areworking together to survey, research and construct experimental policiesfor a large-scale application of this pilot credit programme.
Accordingto Manh, the pilot credit programme will reduce the input costs of theproducts of the connectivity models by offering preferential credit forthe models.
The programme could provide unsecured loans for businesses and farmers as members of a connectivity model.
Withthis pilot programme, the banking sector can not only increase creditgrowth related to agricultural production but also promote large-scale,competitive agricultural production, contributing to gradually improvingfarmers' living standards and constructing and developing new ruralareas.
Manh reported that about 20 connectivity models would be selected as the pilot credit programme's beneficiaries.
Theseinclude the large-scale rice field model, the product value chain-basedconnectivity model and the high-technology application business model,among others, with priority given to rice, seafood, livestock breeding,vegetables and fruits.
Two years after the completion ofthe pilot credit programme, the SBV will consider policy improvementsand multiplication of the models.
Manh added thatagricultural insurance policies, farm produce planning and itsmanagement, farm export promotion and law-based assistance and marketinformation are important for the success of the pilot creditprogramme./
The State Bank ofVietnam (SBV), the Ministry of Agriculture and Rural Development and theMinistry of Science and Technology are considering cooperation on thepilot programme.
Director of the Credit Department underthe SBV Nguyen Viet Manh stated that there have been many agriculturalproduction models promoting connectivity between businesses and farmersacross the country.
A number of these models have provedto be successful, including the large-scale rice field model in theMekong Delta province of An Giang and some other localities, thehigh-tech vegetable and flower cultivation model in the CentralHighlands province of Lam Dong and the dairy farming and milk productproduction model in Nghia Dan in the central province of Nghe An.
Usingthese models, businesses have not only created large-scale rice fieldsand mechanised agricultural production, but also had stable raw materialproduction areas and constructed trademarks and geographicalindications for their products in both domestic and foreign markets. Themodels benefited both farmers and businesses.
At agovernment's regular meeting in February this year, SBV Governor NguyenVan Binh suggested the construction of a credit programme forconnectivity models and high-technology applications and farm exportpromotion projects.
The SBV, the Ministry of Science andTechnology and the Ministry of Agriculture and Rural Development areworking together to survey, research and construct experimental policiesfor a large-scale application of this pilot credit programme.
Accordingto Manh, the pilot credit programme will reduce the input costs of theproducts of the connectivity models by offering preferential credit forthe models.
The programme could provide unsecured loans for businesses and farmers as members of a connectivity model.
Withthis pilot programme, the banking sector can not only increase creditgrowth related to agricultural production but also promote large-scale,competitive agricultural production, contributing to gradually improvingfarmers' living standards and constructing and developing new ruralareas.
Manh reported that about 20 connectivity models would be selected as the pilot credit programme's beneficiaries.
Theseinclude the large-scale rice field model, the product value chain-basedconnectivity model and the high-technology application business model,among others, with priority given to rice, seafood, livestock breeding,vegetables and fruits.
Two years after the completion ofthe pilot credit programme, the SBV will consider policy improvementsand multiplication of the models.
Manh added thatagricultural insurance policies, farm produce planning and itsmanagement, farm export promotion and law-based assistance and marketinformation are important for the success of the pilot creditprogramme./
