Prime Minister Phạm Minh Chính (right) had talks with Associate Vice-President of IFAD’s Department for Country Operations Donal Brown on April 17. — VNA/VNS Photo

HÀ NỘI — Prime Minister Phạm Minh Chính has called on the International Fund for Agricultural Development (IFAD)’s assistance for Việt Nam to develop the carbon credit market and support farmers in remote areas.

He made the call while hosting a reception in Hà Nội on Thursday for Associate Vice-President of IFAD’s Department for Country Operations Donal Brown, who is in Việt Nam to attend the 4th Partnering for Green Growth and the Global Goals 2030 (P4G) Summit.

The PM expressed appreciation for IFAD's effective cooperation in Việt Nam's socio-economic development, particularly in the agricultural sector over the recent past.

Highlighting the country's commitment to developing green and sustainable agriculture, PM Chính requested IFAD to increase preferential loans and promote non-refundable aid for projects applying scientific and technological innovations in agriculture, while helping Việt Nam successfully carry out the one million hectares of low-emission, high-quality rice project.

In response, the IFAD Vice President affirmed the organisation's commitment as a good friend of Việt Nam and highlighted his admiration for Việt Nam's socio-economic achievements. He also welcomed Việt Nam's bold steps towards streamlining its political apparatus and administrative reform, which, he noted, facilitate international partners’ operation in the country.

Additionally, Brown praised Việt Nam's social development policies, particularly efforts to support ethnic minorities and ensure gender equality, acknowledging the effective cooperation between Việt Nam and IFAD. He noted that that IFAD's priorities align with Việt Nam's socio-economic development strategy.

He affirmed continued close cooperation with the Vietnamese ministries, sectors, and localities in sharing information and experience in agricultural technology applications, as well as pledged to promote South-South cooperation and public-private partnerships.

Beyond providing loans, Brown affirmed that IFAD will continue to encourage financial institutions and international partners to provide non-refundable aid in sustainable agriculture, assisting farmers, building early warning capability and adapting to climate change.

IFAD, established in 1977 with headquarters in Rome, Italy, is a UN specialised agency and international financial institution that provides loans in agriculture, supports farmers, and ensures food security. Vietnam has been a member of IFAD since 1977. — VNA/VNS