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Ireland supports Vietnam to evaluate investment efficiency of agricultural projects

Ireland supports Vietnam to evaluate investment efficiency of agricultural projects

On 8 January, Ms Elisa Cavacece, Deputy Head of Mission/Head of Development attended a training workshop "Building capacity in evaluating the investment efficiency of agricultural projects".

The Workshop was co-organised by the Department of Agricultural Economics (DAE), Ministry of Planning and Investment and the Vietnam National University of Agriculture (VNUA).

Ireland supports Vietnam to evaluate investment efficiency of agricultural projects

Dr. Noel Woods from University College Cork (UCC) made two presentations on (i) Policy and Programme evaluation, and (ii) Methods of economic evaluation.

Since 2018, the Embassy has supported the partnership between DAE, VNUA and UCC, under the framework of the “Building capacity in evaluating investment efficiency of agricultural projects”, under the Vietnam Ireland Bilateral Education (VIBE) Programme. The project aims at providing training and exchange of experts in order to build capacity for Vietnamese staff on cost and benefit analysis of agricultural projects in Vietnam.

Ireland supports Vietnam to evaluate investment efficiency of agricultural projects

The partnership has included the sharing of Irish experiences and expertise. Vietnam can learn many lessons from Ireland by evaluating investment efficiency of agricultural and utilizing the experience of Ireland in this regard. The expertise of UCC in Ireland will be utilized to develop a system to analyse Cost Benefit Analysis of agricultural project and it will be shared with the Vietnamese partners.

Ireland supports Vietnam to evaluate investment efficiency of agricultural projects

Addressed at the workshop, Ms Elisa Cavacece valued this important partnership and emphasized that Vietnam can learn many lessons from Ireland in evaluating investment efficiency of agricultural projects, in the context that Vietnam and Ireland are very much similar in terms agricultural development.

The training workshop was an opportunity for 60 participants from MPI, MARD, VNUA and officials from a number of provinces in Vietnam to improve their capacity in evaluating agricultural projects and learn the lesson from Irish practice in this field.

A returned visit to Ireland by experts of the Department of Agricultural Economics (DAE), Ministry of Planning and Investment to share experience and business models is scheduled for April.

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