US$20.5 million investment to develop market for the poor

A delegation of the International Fund for Agricultural Development (IFAD) experts has come to Ben Tre and did the assessment works on the project "To Develop Market for the Poor" being deployed in the province. The project's total investment fund worths US$20.5 million, in which Ben Tre's counterfunding is worth US$5.5 million, and US$15 million is sponsored by the IFAD. The project, which is planned to run between 2008 and 2013, is subdivided into three parts, including strengthening institutional establishments in order to improve investment and trading environment; creating a connection between farmers with the market; and supporting trading services in rural areas.

Ben Tre has 50 communes of 7 districts that will receive investment for this project. VND100 billion of the fund will be dispersed among the 50 communes for investments in rural economic infrastructure construction and in competence upgrading and industrial, agricultural, forestry promotion activities, which will be done in a way that involves the community engagement and the decentralization of investment ownership to the communal authorities. This is quite a new way of doing business, so there are needs of retraining and competence upgrading for communal cadres so that they can quickly take control of the project.

Translated by Truong Hung

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