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Two regions mobilise 690 trillion VND for new rural area building

About 689.8 trillion VND (29.66 billion USD) was mobilised for the new-style rural area building programme in the Red River Delta and north central regions during the 2010-2019 period.
Two regions mobilise 690 trillion VND for new rural area building ảnh 1Illustrative image (Photo: VNA)

Hanoi (VNA) – About 689.8 trillionVND (29.66 billion USD) was mobilised for the new-style rural area buildingprogramme in the Red River Delta and north central regions during the 2010-2019period.

The amount accounts for 32.5 percent of the country’s total investment in theprogramme, with funding for the second phase (2016-2019) nearly doubling thatof the first (2010-2015), according to the Central Coordination Office forNew-style Rural Area Building.

The office said five out of 11 cities and provinces in the Red River Delta,namely Hanoi, Quang Ninh, Vinh Phuc, Bac Ninh and Hai Phong, have self-fundedthe programme.

During the second phase, these localities have prioritised the use of their ownbudgets to fund new-style rural area building, the office said, adding thatlocal residents have accessed credit loans to invest in agriculturalproduction, especially centralised production zone development and high-techapplication.

In the Red River Delta, only 1.6 percent of funding for the new-style ruralarea building was sourced from the State budget, while the proportion in thenorth central region was 4.19 percent.

With a more developed economy, the Red River Delta has greater revenues toinvest in new-style rural area building.

Funding from the State budget has been mainly used for constructing roads, schools,cultural establishments and clean water facilities; production value chain; andvocational training.

Currently, 2,402 out of 3,474 communes in the two regions have been recognisedas new-style rural areas. As many as 41 districts in 13 cities and provinceshave also met the standards of new-style rural area building.

The National Target Programme onNew-style Rural Area Building, initiated by the Government in 2010, sets 19criteria on socio-economic development, politics, and defence, aiming to boostrural regions of Vietnam. 
The list of criteria includes the development ofinfrastructure, the improvement of production capacity, environmentalprotection, and the promotion of cultural values.-VNA
VNA
#Red River Delta#north central region#Central Coordination Office for New-style Rural Area Building#agricultural production#entralised production zone development#Vietnam#VietnamPlus#Viet Nam News
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