HCM City to mobilize 40 trillion VND for new rural development
Ho Chi Minh City will invest nearly 40.7 trillion VND (1.84 billion USD) to improve the quality of new rural area development in 2016-2020, the municipal authorities announced on December 2.
Growing vegetables in rural communes in HCM City. (Source: VNA)
HCM City (VNA) – HoChi Minh City will invest nearly 40.7 trillion VND (1.84 billion USD) toimprove the quality of new rural area development in 2016-2020, the municipalauthorities announced at a conference on December 2.
Of the figure, 16.4 trillion VND(745.3 million USD), or 40.3 percent will be sourced from the State budgetwhile the remainder will come from the community, businesses and bank credits.
Each rural commune in the citywill receive an estimated 726 billion VND under the project during the period.
Deputy Director of the municipalDepartment of Agriculture and Rural Development Tran Ngoc Ho said the goal isto have all communes meet the city’s own criteria for new rural areas, whichare set higher than the national standards.
By 2020, the last remaining CanGio and Binh Chanh districts are expected to be recognised as new-style ruralareas.
Speaking at the event, permanentVice Secretary of the municipal Party Committee and head of the municipal steeringcommittee for new rural area construction Tat Thanh Cang said the city has manyadvantages in science-technology, transport and logistics compared to othercities and provinces in the region. Therefore, rural development in the cityshould be based on local specific conditions.
HCM City has 56 ru𒀰ral comm🔥unes,54 of which have met the national criteria for new rural areas. The districtsof Cu Chi, Nha Be and Hoc Mon have also earned recognition.-VNA
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Growing vegetables in rural communes in HCM City. (Source: VNA)
