The project will generate sustainable income opportunities and improved rural livelihoods for 60,000 families engaged in small-scale farming.
“Vietnam’s small-scale farmers, particularly in the Mekong Delta, face multiple challenges, including volatile food and fuel prices and the effects of climate change,” said Ambrosio Barros, IFAD Country Director, Vietnam. “Our goal is to enable small-scale farmers, and especially rural women and youth, to move from subsistence farming to climate-resilient, market-oriented agriculture, enabling them to earn increased, sustainable incomes,” he added.
CSAT will invest in the climate-resilient infrastructure needed to develop inclusive and sustainable value chains. It will support better access to financial and extension services and encourage small-scale farmers to adopt environmentally sustainable and climate-resilient technologies, including efficient water usage. CSAT will also work to integrate climate resilience more strongly in provincial and regional planning.
IFAD is providing a USD43 million loan towards the total project cost (USD136.4 million) over 5 years. In addition, the Dutch Fund for Climate and Development is providing USD40.01 million, and the national government is providing USD17.87 million, with USD4.6 million contributed in-kind by project participants. Additional private sector financing will be available for producer groups and investments in small and medium enterprises and value chain development.
In Vietnam, IFAD has supported 17 projects directly benefitting 738,470 households, at a cost of USD788.10 million with an IFAD loan of USD463.49 million. It focuses on activities that have the greatest impact on residual poverty in rural areas, developing market-led innovations that aid poor people.
IFAD is an international financial institution and a United Nations specialised agency. Based in Rome – the United Nations food and agriculture hub – IFAD invests in rural people, empowering them to reduce poverty, increase food security, improve nutrition, and strengthen resilience.
