ADB project to modernize Vietnam’s irrigation systems

ADB project to modernize Vietnam’s irrigation systems

The Asian Development Bank (ADB) has approved over $100 million in financing to help the Government of Viet Nam install eight modernized irrigation systems in five drought-affected provinces, which will improve agricultural productivity, especially among farmers growing high-value crops such as coffee, peppers, grapes, dragon fruits, and mangoes.

Workers produce mechanical accessories and parts at the Hirota Precision Viet Nam Co.,Ltd in Dong Nai Province. (Photo: VNA/VNS)

Productivity key to escaping mid-income trap

Vietnam has to focus on increasing labour productivity and overall productivity growth to avoid the risk of being stuck in the middle income trap, experts said at the Vietnam Development Forum (VDF) 2017 yesterday.