US$84 million for low-carbon agricultural support
Prime Minister Nguyen Tan Dung has approved the low-carbon agricultural support project (LCASP) with a total capitalization of US$84 million.
Of the fund, US$74 million will be provided by the Asian Development Bank (ADB) as a preferential loan.
The government leader asked the Ministry of Finance to cooperate with relevant ministries and agencies in building financial mechanisms for the project.
He also said the Ministry of Agriculture and Rural Development is responsible for evaluating, adopting and implementing the LCASP following regulations on the management and disbursement of official development assistance (ODA) loans.
The project aims to reduce agricultural pollution by treating livestock wastes through the expanded use of biogas and bio-slurry processing technologies.