On June 22, we reported that the World Bank Board of Directors was to discuss the Vietnam Sustainable Agriculture Transformation Project, worth a total of $314 million, of which $238 million is provided by the World Bank. This project is now approved.
The Project Development Outcome is to improve farming practices and value chains in the targeted project areas, and promote institutional strengthening of relevant public agencies in effective support to implementation of the Agricultural Restructuring Plan. The project consists of three different components:
- Institutional Strengthening to Support Agricultural Transformation;
- Supporting Sustainable Rice-Based Systems;
- Supporting Sustainable Coffee Production and Rejuvenation;
- Project Management.