HCM City to mobilize 40 trillion VND for new rural development
HCM City (VNA) – 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 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 budget
while the remainder will come from the community, businesses and bank credits.
Each rural commune in the city
will receive an estimated 726 billion VND under the project during the period.
Deputy Director of the municipal
Department of Agriculture and Rural Development Tran Ngoc Ho said the goal is
to have all communes meet the city’s own criteria for new rural areas, which
are set higher than the national standards.
By 2020, the last remaining Can
Gio and Binh Chanh districts are expected to be recognised as new-style rural
areas.
Speaking at the event, permanent
Vice Secretary of the municipal Party Committee and head of the municipal steering
committee for new rural area construction Tat Thanh Cang said the city has many
advantages in science-technology, transport and logistics compared to other
cities and provinces in the region. Therefore, rural development in the city
should be based on local specific conditions.
HCM City has 56 rural communes,
54 of which have met the national criteria for new rural areas. The districts
of Cu Chi, Nha Be and Hoc Mon have also earned recognition.-VNA