Director ofCan Tho City’s Department of Industry and Trade Nguyen Minh Toai saidat a recent meeting that 32 percent of the workload has been completed,and from now to the end of the first quarter of 2015, training courseswill be held to teach Vietnamese personnel how to operate the project.
According to the Department, the KVIP is being built at a costof over 21 million USD, with 17.7 million USD funded by the Republic ofKorea government and the remainder sourced from Vietnam’s counterpartcapital.
Under the agreement between the two governments, the RoKside will build the facilities and provide equipment for the incubator,which occupies an area of 4.5 ha in Tra Noc 2 Industrial Park in O Mondistrict.
Kim Hee Sup, KVIP managing director, said theproject aims to assist the development of rice processing industry inorder to improve competitiveness of regional rice in the global market.
The incubator will also provide technology to moderniseaquaculture in the region through popularising good aquaculturepractice.
Another goal of the project is to developmade-in-Vietnam agricultural machinery with a localisation rate of up to95 percent within the next ten years.-VNA