(VOV) – Canada will provide more than US$7.6 million for a new development project to help improve the livelihoods of Vietnamese farmers through increased financing and knowledge of new agricultural practices.
- Canada, Vietnam look to long-term comprehensive strategic partnership
- “Hello Canada” contest launched
- Vietnam enjoys 26% surge in export to Canada
Canadian Agriculture Minister Gerry Ritz informed this at a working session with his counterpart, Vietnamese Agriculture and Rural Development Minister Cao Duc Phat, in Hanoi on November 29.
This project will deepen Canada’s already strong diplomatic and trade relationship with Vietnam, and demonstrates the close partnership that has been cultivated between both countries over the past 40 years, said Minister Ritz.
By improving the productivity of Vietnamese farmers and agribusinesses, Canada is supporting Vietnam’s continued economic growth and helping strengthen two-way trade, he said.
Through this investment, Canada will help Vietnamese farmers improve their livelihoods,” said the Honourable Christian Paradis, Canada’s Minister of International Development and for La Francophonie.
“Canada is supporting initiatives that contribute to sustainable economic growth in Vietnam, assisting farmers throughout the production cycle from their access to credit, through technical training and best practices, to access to markets and commercialization of their products.”
Minister Phat thanked the Canadian Government for continued and valuable support to Vietnam in general and the agricultural sector in particular.
This project aims to improve the profitability of thousands of farmers across Vietnam by providing technical assistance and training related to banks and agribusiness. This assistance will increase access to financing and improve agricultural practices. It will also help maintain the value of harvested crops during handling and storage.
The investment will span five years and target farmers of export-oriented commodities, such as cashews and coffee, both of which were top Canadian imports from Vietnam in 2012.
Canada’s relations with Vietnam are expanding, particularly through rapidly-increasing trade and investment and a prominent development cooperation program. Canada’s exports of agro and seafood products to Vietnam reached US$146 million in 2012, with Canada’s main exports being seafood, soybeans, non-durum wheat and canola meal. Top Vietnamese agro-food exports to Canada in 2012 included cashew nuts, coffee, nuts and seeds.
Đăng ký: VietNam News