HCMC – Vietnam has allocated over VND2,800 trillion for rural development, with funds distributed across various government programs and local initiatives, according to the Ministry of Agriculture and Rural Development.
The state budget contributed 10.5% of the cost while other government programs provided 7.2%. Credit covered a majority, 72.9%, and the remaining 9.4% came from businesses, communities and residents.
As of October 20, the National Target Program for New Rural Development has certified 77.4% of communes nationwide—6,320 out of 8,162—as meeting new rural development standards. At the district level, 296 units across 58 provinces have achieved similar recognition, covering nearly 46% of districts nationwide.
Twenty-two provinces have 100% of their communes meeting new rural standards, and five provinces—Nam Dinh, Dong Nai, Ha Nam, Hung Yen, and Hai Duong—have reached the targets at both commune and district levels.
The ministry projects that by the end of 2024, around 79% of communes will meet the program’s standards, moving closer to the 2025 target of 99%.
Agriculture and Rural Development Minister Le Minh Hoan has urged localities to adhere to regulations, collaborate closely with relevant ministries, and focus on developing “One Commune, One Product” (OCOP) initiatives and rural tourism to stimulate the rural economy.
