RoK, Dong Thap province collaborate in agriculture
13:50, 2014/10/28
The Korea Rural Community & Agriculture Corporation (KRC) and Dong Thap provincial People’s Committee on October 27 signed a public-private partnership (PPP) agreement to collaborate in agriculture.
Under the agreement, the two agencies agreed to work jointly to share resources, knowledge, and risks in order to achieve more efficiency in the production and delivery of agricultural products and services.
The KRC assumed responsibility for overseeing the flow of ODA funds from the Republic of Korea (RoK), the International Fund for Agricultural Development (IFAD), the World Bank (WB), the Asian Development Bank (ADB) and the Korean private businesses’ investment into Dong Thap.
In addition, the KRC also agreed to use its best efforts to increase the number of private Korean agriculture enterprises doing business in the province.
Speaking at the signing ceremony, KRC Vice President Lee Bong Hoo said he is confident the agreement will result in increased cooperation between the two sides.
In turn, the Dong Thap provincial People’s Committee agreed to select the most suitable areas to implement the PPP project and provide legal and administrative support.
In addition, the KRC also agreed to use its best efforts to increase the number of private Korean agriculture enterprises doing business in the province.
Speaking at the signing ceremony, KRC Vice President Lee Bong Hoo said he is confident the agreement will result in increased cooperation between the two sides.
In turn, the Dong Thap provincial People’s Committee agreed to select the most suitable areas to implement the PPP project and provide legal and administrative support.
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