The Government of the Republic of Korea (RoK) has decided to provide the Mekong Delta region with 500 billion VND (23.5 million USD) in non-refundable aid to help mechanise the local agricultural sector.
Representatives from Can Tho city on May 6 had a working session with the Korea Agricultural Machinery Industry Cooperative (Kamico) to discuss the implementation of the project.
Accordingly, 60 percent of the amount will be used to purchase the latest machines from the RoK for agricultural production. The remainder will be allocated for human resources training and technology transfer.
Kamico will also invest up to 1.4 trillion VND (65.8 million USD) in building infrastructure to facilitate the implementation of the project.
Truong Hoai Nam, Vice Chairman of the municipal People’s Committee, said the project will benefit both sides. Regional farmers will be offered access to modern equipment, increasing the quality and output of products.
Vietnam will also be a potential market for the RoK’s enterprises operating in mechanics if their commodities are good and have a competitive price, as most localities across the country currently use made-in-China machines.-VNA
Representatives from Can Tho city on May 6 had a working session with the Korea Agricultural Machinery Industry Cooperative (Kamico) to discuss the implementation of the project.
Accordingly, 60 percent of the amount will be used to purchase the latest machines from the RoK for agricultural production. The remainder will be allocated for human resources training and technology transfer.
Kamico will also invest up to 1.4 trillion VND (65.8 million USD) in building infrastructure to facilitate the implementation of the project.
Truong Hoai Nam, Vice Chairman of the municipal People’s Committee, said the project will benefit both sides. Regional farmers will be offered access to modern equipment, increasing the quality and output of products.
Vietnam will also be a potential market for the RoK’s enterprises operating in mechanics if their commodities are good and have a competitive price, as most localities across the country currently use made-in-China machines.-VNA
