For the period 2022-2030, Vietnam seeks Korea’s resources and technical assistance in agriculture and rural development.
Vietnam’s Ministry of Agriculture and Rural Development held discussion with with Lee Byung Ho, Chairman of Korea Rural Development Corporation (KRC) on cooperation in the field of agricultural sector in the region.
Deputy Minister of Agriculture and Rural Development Phung Duc Tien and the Ministry of Agriculture and Rural Development Lee Byung Ho discussed the Medium and Long-term Vision Report on cooperation between Vietnam and Korea in the field of Agriculture and Rural Development period 2022-2030. The crucial report, identifies potential areas of cooperation to maximize the comparative advantages of the two countries, diversifying types of cooperation and investment to improve efficiency and ensure sustainability.
As the agency that manages and uses international grants, KRC Group has been supporting the Ministry of Agriculture and Rural Development in implementing a number of projects in the fields of: vegetable production, capacity building for diagnosis. veterinary medicine, building new rural areas, building high-tech agricultural models, smart agriculture, etc.
The non-refundable ODA projects that KRC has implemented with Vietnam’s agricultural sector include the Capacity Building project of the Central Veterinary Diagnostic Center” (2014-2018); “Supporting establishments for preliminary processing and preservation of agricultural products in Vietnam” (2019-2021); “Application of Korean technology to produce disease-free potato varieties and develop sustainable potato value chains in Vietnam” (2020-2025); “Improving the rice value chain in the Red River Delta” (2021-2025); and “Strengthening the capacity of the Central Veterinary Diagnostic Center” (phase 2, 2022-2025).
These projects have been implemented effectively and many localities have made new proposals on replicating project/model results.
As part of its commitment to further promote Vietnam’s role in agriculture, KRC Group is motivated to support Vietnam’s agricultural industry in areas where the Korean industry has strengths and to strengthen its cooperation and effective management of ODA projects.
