$1.2 bil Govt backing for farm tools

The Ministry of Industry and Trade has approved a plan to develop the machine tools industry with a focus on agro-forestry and aquatic processing machinery by 2025.

The task is expected to cost VND20.955 trillion (US$1.2 billion), including VND3.615 trillion ($191.2 million) by 2015, with the money coming from preferential credit sources, public fund, and the private sector. Vietnamese firms that make agro-forestry and aquatic processing equipment will get support from the National Science-Technology Development Fund for buying designs and technologies, hiring foreign specialists, and training human resources.

The plan will focus on making environmentally friendly and energy-saving machines.

Initially, priority will be given to making machinery for rice, cassava, coffee, rubber, sugarcane, cashew, seafood and other key products. They include coffee and cashew sorting machines with a capacity of three to five tonnes per hour, rice whitening machine and polishing machines with a capacity of four to six tonnes per hour, and animal feed production lines with a capacity of 150 tonnes per day.

The machine makers will also get financial support to develop international quality standards for these products.

Tags: Vietnam agriculture

Posted by VBN on Jun 22 2010. Filed under Agriculture. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry