$30m ADB loan to modernise Vietnam farm sector
Afp, Hanoi
The Asian Development Bank (ADB) said Tuesday it would lend Vietnam 30 million dollars to help modernise agricultural science and technology in the country, a major exporter of rice and other farm goods. The loan and an additional 10 million dollars from Vietnam's government will fund research and training, new laboratory equipment in some institutes and education and information services for farmers in remote regions, said the ADB. The communist country, which was a net rice importer in the late 1980s, is now the world's number two exporter of rice and coffee, and a major international supplier of tea, cashew nuts and rubber. The ADB said "access to new technologies by farmers and agro-based enterprises is essential as Vietmam's agriculture is gradually shifting its focus from increased production volumes to increased production values."
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