Provides US$96.5 Million For Vietnam Food Safety
HANOI, July 1 (Bernama) -- The Asian Development Bank (ADB)
pledged US$96.5 million to implement a project on safety and quality
improvement of Vietnam's commercial food crops and biogas development, the
Vietnam news agency cited a local newspaper reporting Wednesday.
An agreement to this effect was signed here on Tuesday by the State Bank of
Vietnam and representatives of the ADB.
Of the money, US$95 million will be used to help Vietnam improve the safety
and quality of commercial food crops.
The rest US$1.5 million, from the ADB's Special Fund, will be used as a
technical assistance grant for the country to develop the national biogas
The project, which includes improving agricultural crops and building biogas
plants, is expected to generate 1.4 million jobs in post-production work for
local farmers in 16 beneficiary localities, said the newspaper.