What are responsibilities of State Bank of Vietnam in implementation of the sustainable agriculture and rural development strategies in Vietnam?

Responsibilities of State Bank of Vietnam in implementation of the sustainable agriculture and rural development strategies in Vietnam

Pursuant to Clause 4, Article 2 of the Decision 150/QD-TTg in 2022 stipulating responsibilities of State Bank of Vietnam in implementation of the sustainable agriculture and rural development strategies in Vietnam as follows:

The State Bank of Vietnam shall continue to effectively implement credit policies for agricultural and rural development. Direct credit institutions to simplify procedures, balance capital resources in order to meet capital needs and create conditions for economic sectors to access credit resources for investment in agriculture and rural areas; especially projects on high-tech agriculture, processing industry, mechanization, development of organic and circular agriculture.

Responsibilities of Ministry of Industry and Trade in implementation of the sustainable agriculture and rural development strategies in Vietnam

Pursuant to Clause 5, Article 2 of the Decision 150/QD-TTg in 2022 stipulating responsibilities of Ministry of Industry and Trade in implementation of the sustainable agriculture and rural development strategies in Vietnam as follows:

The Ministry of Industry and Trade shall take charge and cooperate with relevant ministries, central authorities and local divisions in implementing policies on agricultural product trade; strictly control and handle smuggling and trade fraud and temporary import for re-export of agricultural products. Organize and deploy mechanisms, policies and activities to promote domestic agricultural product consumption; support agricultural enterprises in participating in e-commerce supply chains. Take charge and cooperate with the Ministry of Planning and Investment, the Ministry of Agriculture and Rural Development and relevant ministries, central authorities and local divisions in developing priority policies to promote the development of agricultural support service-industry clusters. Take charge and cooperate with the Ministry of Agriculture and Rural Development, the Ministry of Transport and relevant ministries and central authorities in formulating and requiring the Prime Minister to approve and deploy the Logistics Development Plan in association with agricultural production and business areas. Cooperate with the Ministry of Agriculture and Rural Development in reviewing technical barriers and trade barriers for agricultural imports and exports; flexibly and effectively manage import and export that is suitable for actual situation and international rules; direct foreign business transaction agencies to correctly and quickly seize commercial policies of nations; assist export enterprises to deploy commercial promotion and foreign agricultural product consumption market development.

Responsibilities of Ministry of Science and Technology in implementation of the sustainable agriculture and rural development strategies in Vietnam

Pursuant to Clause 6, Article 2 of the Decision 150/QD-TTg in 2022 stipulating responsibilities of Ministry of Science and Technology in implementation of the sustainable agriculture and rural development strategies in Vietnam as follows:

The Ministry of Science and Technology shall take charge and cooperate with the Ministry of Agriculture and Rural Development in deploying effectively Programmes of national products, hi-tech science and technology development, national technology innovation and other science and technology programmes which are assist in development of agriculture and rural areas; review and adjust mechanisms and policies on development of research, transfer and application of science and technology in agriculture, especially hi-tech and digital technology; develop mechanisms promoting socialization of science and technology development resources serving agricultural and rural development; formulate technical standards and regulations, provide guidance on application of modern management tools and processes; assist in registration of protection, management, exploitation and development of intelligence properties and products which are protected by intellectual property right.

Take charge and cooperate with relevant ministries and central authorities in formulating Decree on policies on encouraging agricultural product production and processing facilities in investing in application and transfer of advanced and clean technology.

Best regards!