Word Bank Says Will Fund IT Application In Agriculture

The World Bank (WB) will fund US$200-250 million to support the application of information technology (IT) in agricultural development of Vietnam, Victoria Kwakwa, Country Director of the WB in Vietnam, said on October 30.

So far, the WB has funded around US$100 million for the IT application in Vietnam’s agriculture, Kwakwa told the Daily on the sidelines of the closing session of the Asian-Oceanian Computing Industry Organization information and communications technology, or the ASOCIO ICT summit.

The global lender has supported Vietnam to apply IT in agro and aquatic development, and deploy the information system for the agriculture sector to raise output.

Speaking at the session in Hanoi on October 30, Kwakwa said agriculture is a key sector that has helped Vietnam build a successful economy in the past two decades.

Therefore, the country should improve output and efficiency of the sector, and IT can help do that.

IT will play a major part in agricultural restructuring in Vietnam and help the sector develop to a higher level, she said.

Le Quoc Doanh, Deputy Minister of Agriculture and Rural Development, said agriculture is being restructured to raise its output and competitive capacity, and IT application is important for Vietnam to reach the goal.

Pham Kim Son, head of the Institute of Policy and Strategy for Agriculture and Rural Development, said Vietnam’s economy depends much on agriculture, and developing agriculture means developing the country’s economy.

Since 2010 to date, Vietnam has led the world in exporting some agricultural products and if agricultural restructuring goes along with the application of IT, the country will see some breakthroughs in the future, Son said.

Deputy Prime Minister Vu Duc Dam told the event that IT brings more opportunities for farmers and Vietnam will lose those chances if it does not enhance the application of IT in agricultural development. – Saigontimes

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