Enormous investment in rural development

The video-conference between Central and local leaders to review the implementation of the Resolution of the 7th Party Central Committee Conference on agriculture, rural areas and farmers rural development, Hà Nội, July 11, 2011 – Photo: VGP/Nhật Băc

The figures account for 52% of the total development capital sourced from the State budget and Government bonds. 

The data was released at a video-conference to review the implementation of the Resolution of the 7^th Party Central Committee Conference on agriculture, rural areas and farmers (Resolution 26).

Despite State budget collection difficulties, investment for agriculture and rural development increased from 32.8% in 2008 to 39.8% in 2011.

The agro-forestry and fishery exports fetched US $19.53 billion in 2010, or US $3.46 billion up against 2009 and 81% higher than the preset target set by the 10^th National Party Congress.

Furthermore, industry and service sectors constitute approximately 60% of the rural areas’ economic structure

The physical and spiritual living conditions of rural residents have been improved. Particularly, the poverty rate dropped to 11.3% in 2010 from 16.2% in 2008.

Addressing the video-conference, PM Nguyễn Tấn Dũng said that agriculture and rural areas are of strategic importance.

The Government chief urged localities to further mobilize resources for rural development, strengthen scientific application; raise productivity, quality and competitiveness of local products in a bid to improve farmers’ living standard.

He also requested inferior levels to beef up education and training as the key factors in creating human resources for the implementation of the Government’s new rural development program./.

By Kim Loan