United vision for agricultural investment needed
10:05, 2014/07/05
Most leading political and financial leaders consider the mechanism of the public-private partnership (PPP) as the best alternative for attracting investment to upgrade the nation’s agricultural infrastructure.
However, there is general consensus by these same leaders that PPP development throughout the country is deficient, lacking in the necessary coordination and united oversight needed to insure successful nationwide implementation.
Speaking at a conference on July 1 addressing the national effort to implement the PPP model, Central Institute for Economic Management (CIEM) Vice Director Vo Tri Thanh said policies to buttress their development and specific targets to be more fully clarified.
In the agricultural PPP model the State plays a key role and assumes substantial financial, technical and operational risk in the project and this is a key benefit that farmers need to be aware of and take full advantage of, he said.
Deputy Minister of Planning and Investment Dang Duy Dong in turn echoed Thanh’s views honing in on the harmonious benefits of risk sharing among PPP participating sides.
Farmers’ benefits must be clarified and better popularized and the Government’s efforts optimally coordinated to facilitate participating sides’ operations, he said.
Dinicola Natalie from Monsanto Group said the Government and related partiesmust devise a more comprehensive and united vision with a more detailed roadmap delineating the role of each side.
For its part, Monsanto Group voiced its high appreciation for the State’s efforts in issuing new policies promoting scientific and technological development and cooperation in agriculture.
Monsanto is successfully carrying out PPP projects in the Mekong Delta region, for which Monsanto supplies high-quality rice seed, and updates advanced technology and infrastructure for farmers.
In the agricultural PPP model the State plays a key role and assumes substantial financial, technical and operational risk in the project and this is a key benefit that farmers need to be aware of and take full advantage of, he said.
Deputy Minister of Planning and Investment Dang Duy Dong in turn echoed Thanh’s views honing in on the harmonious benefits of risk sharing among PPP participating sides.
Farmers’ benefits must be clarified and better popularized and the Government’s efforts optimally coordinated to facilitate participating sides’ operations, he said.
Dinicola Natalie from Monsanto Group said the Government and related partiesmust devise a more comprehensive and united vision with a more detailed roadmap delineating the role of each side.
For its part, Monsanto Group voiced its high appreciation for the State’s efforts in issuing new policies promoting scientific and technological development and cooperation in agriculture.
Monsanto is successfully carrying out PPP projects in the Mekong Delta region, for which Monsanto supplies high-quality rice seed, and updates advanced technology and infrastructure for farmers.
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
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