The State Bank of Vietnam (SBV) will require commercial banks support high-tech agriculture enterprises, under a direction from Deputy Prime Minister Vuong Dinh Hue. At a meeting with ministries to discuss the implementation of the Prime Minister's directive on a VND100 trillion ($4.39 billion) credit package for high-tech agriculture on March 23, Deputy Prime Minister Hue spoke of the importance of the credit package for agriculture and rural development and for the agricultural development policy within a Resolution from Party Congress and a Resolution from the National Assembly and the government. “Enterprises and citizens agreed when the government announced this program,” the Deputy Prime Minister said. “Therefore, ministries must carry out the program seriously.” Although there is a legal framework for the development of high-tech agriculture, in order to create a unified framework, Deputy PM Hue assigned the SBV Governor to issue a decision … [Read more...] about Central Bank of VN tells commercial banks to support high-tech agriculture
Tech
Samsung expands Samsung Smart School model in Vietnam – Science & Tech
The equipment costs approximately VND1 billion ($47,000). This is the second school to which Samsung gave the Samsung Smart School solutions. The first one is the Hoang Hoa Tham primary school also in Hanoi in 2013. “The use of high tech in education helps young Vietnamese not fall behind in technology, and help them fully realise their learning potential,” said Pham Duc Doanh, principal of the Tran Phu high school, affirming that the school is honoured to receive this model and thanks Samsung for its social contribution in Vietnam. “This model will help realise Vietnam’s dream of high-tech education and should be used more commonly in the country,” said Nguyen Huu Do, director of the Hanoi Department of Education and Training, at the ceremony. Samsung Smart School consists of Interactive Teaching and Learning Management solutions. Interactive Teaching allows teachers to bring the material and tasks to each student through the connection between the … [Read more...] about Samsung expands Samsung Smart School model in Vietnam – Science & Tech
Reasonable interest rates required for VND100 trillion credit for hi-tech agriculture
The Deputy PM made the requirement at a working session with ministries and sectors in Hanoi on March 23 to discuss the implementation of Government Resolution No.30/2017/NQ-CP issued on March 7, 2017 for the VND100 trillion (US$4.4 billion) commercial credit package for enterprises involved in hi-tech agricultural production. He affirmed the significance of the credit package for clean and hi-tech agriculture projects amid the stagnant growth of the agricultural sector, saying that the package has received support from the enterprise community and the public. The government asked the State Bank to issue guidelines for commercial banks to effectively carry out the credit package as approved by the government. Deputy PM Hue also told the State Bank to consider the expansion of collateral assets in terms of hi-tech agricultural mortgages through effective business plans, assets formed through the investment process, or trust loans. He noted that the credit package is a commercial credit … [Read more...] about Reasonable interest rates required for VND100 trillion credit for hi-tech agriculture
Hanoi inaugurates largest-ever technology transfer centre – Science & Tech
Located in the Hoa Lac hi-tech park, covering 2.1 hectares, is home to a research house, testing and manufacturing factory, an administration building, a technology incubator, support facilities and other workshops and warehouses. Centre is designed for 200 scientists working in five areas of the complex, where connects between overseas Vietnamese scientists with those from foreign nations in science and technology cooperation. Director of the municipal Department of Science & Technology Le Xuan Rao said with comprehensive and state-of-the-art equipment, the centre will serve the study and manufacture of high-tech products in the fields of electronics, automation, information and technology and precision mechanics, among others. The centre will push the production of high-capacity solar batteries and is expected to draw national grid by 2020 in accordance with the national power development plan by 2030, he added. Invested with the largest capital of 600 billion VND, modern … [Read more...] about Hanoi inaugurates largest-ever technology transfer centre – Science & Tech
Israel introduces agri-tech to Vietnam
Israel introduces agri-tech to Vietnam Truc Diem HANOI – Israel, world-known for advanced farming technology, wants to transfer modern technology to Vietnamese agricultural firms. According to a seminar Israel’s agricultural technology held in Hanoi on Tuesday as part of Israeli President Reuven Rivlin’s Vietnam visit, Israelis working in the agricultural sector make up a mere 3.7% of the total workforce but meet 95% of the country’s food needs as Israel is a world leader in agricultural technology. Israeli has a highly developed agricultural sector. Deserts account for more than half Israel’s area, so it has extreme climate conditions and lacks water. However, domestic suppliers can meet 95% of Israel’s grain, oil seeds, meat, coffee, cocoa and sugar needs. Deputy Minister of Agriculture and Rural Development (MARD) Le Quoc Doanh said Vietnam’s agriculture is facing many challenges such as climate change, drought, salinity intrusion and … [Read more...] about Israel introduces agri-tech to Vietnam