The Asian Development Bank (ADB) will provide loans worth $111.88 million to help the country enhance low carbon agriculture development, and strengthen the local government’s capacity to set up and implement ADB-financed projects. Of the amount, $74 million will be used for a low carbon agricultural support project while the remaining $37.88 million will help improve the Vietnamese government’s setting up, preparation for and implementation of ADB-financed projects to ensure effective aid utilization. The project will focus on mainstreaming climate-smart agricultural waste management practices by supporting waste management infrastructure, providing credit for biogas value chains and facilitating the transfer and deployment of advanced technologies to manage agricultural waste. It looks to reduce pollution from agricultural waste and improve the environment in some ten provinces across the country. Speaking at an agreement signing ceremony in Hanoi on Mar 7, ADB Country Director for Vietnam Tomoyuki Kimura said his institution is ready to support the Southeast Asian nation to realize the vision of low carbon and inclusive growth and transform the country’s agriculture production into a more environment-friendly and sustainable system. (Nong Nghiep Viet Nam – Vietnam Agriculture Mar 8 p6)
