Korea continues to support Vietnam's agricultural development through many projects such as improving value chains, promoting market linkages, enhancing climate change response capacity, and promoting agricultural trade.
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| Mr. Chang Won Sam - Chairman of the Korea International Cooperation Agency (KOICA) said that KOICA will continue to support Vietnam's agricultural development. |
On March 18, the Ministry of Agriculture and Rural Development in coordination with the Korea International Cooperation Agency (KOICA) organized a workshop on Vietnam-Korea cooperation vision in the field of agriculture for the period 3-2024. .
Mr. Nguyen Anh Phong - Deputy Director of the Institute of Policy and Strategy for Agricultural and Rural Development (IPSARD) said that cooperation between Vietnam and Korea in the field of agriculture and rural development in recent years has achieved results. get impressive results.
Korea is an important export market for Vietnam's agricultural products. Vietnam's agricultural, forestry and fishery (AFF) export value to Korea triples from 3 to 2010. In 2023, Korea imported 2022 billion USD of AFF products, Vietnam is the supplier. The 51,57th largest level, accounting for about 5% of the country's total import value of AFF products.
Vietnam - Korea cooperation in the field of agriculture mainly focuses on technology transfer on developing biofuel crops, high-end vegetable varieties, technology for producing edible mushrooms, medicinal mushrooms, and food production. safe products, promoting trade in agricultural products of the two countries' strengths.
However, according to Mr. Nguyen Anh Phong, agricultural trade between Vietnam and Korea still has some limitations, such as Vietnam's AFF exports to Korea still account for a rather modest proportion, mainly products in raw form. , preliminary processing so the value is still low.
As of 2022, Korean FDI investment in agriculture in Vietnam is still quite modest, accounting for only 0,42% of total FDI projects and 0,17% of total Korean FDI capital in Vietnam (39 The project is still valid, total registered capital is 134,05 million USD).
Korean FDI projects investing in the agricultural sector in Vietnam only focus on a few sub-sectors such as farming, livestock, forestry... and lack technology transfer activities and related forms of investment. joint.
Mr. Chang Won Sam - Chairman of the Korea International Cooperation Agency (KOICA) said that agriculture continues to be a key area of cooperation between the two sides, supported according to medium and long-term strategies.
Although the proportion of foreign investment in FDI is still low, the scale of ODA continues to increase. However, it is expected that by 2030, Vietnam will join the list of upper middle-income countries, so it is inevitable to reduce the scale of ODA projects.
"To promote the attraction of foreign investment projects in agriculture, in the long term it is necessary to research and propose solutions to use ODA capital effectively," Mr. Chang Won Sam shared.
According to Mr. Chang Won Sam, KOICA will continue to support Vietnam's agricultural development through many projects such as improving value chains, promoting market linkages, strengthening capacity to respond to climate change, modernization, innovation, etc. Thereby helping to increase income for Vietnamese farmers, ensuring the sustainable development of Vietnamese agriculture.
Ms. Lee Hye Jin - Konkuk University (Korea) said that the Vietnamese and international economic and policy environment is changing, thereby requiring a new cooperation strategy. Priority areas in Vietnam - Korea agricultural cooperation according to the vision include agricultural value chains, rural development, response to climate change and green transformation in agriculture and agricultural trade. , enhancing the capacity of farmers and stakeholders in the value chain.
Speaking at the conference, Mr. Le Minh Hoan - Minister of Agriculture and Rural Development said that in recent years, Vietnam and Korea have raised their relationship to the level of strategic partnership and have developed. outstanding development in many fields such as trade, investment, culture, education, agriculture and rural development.
However, agricultural cooperation between the two sides is still quite modest and there is still much room for development. The Covid-19 pandemic has changed the strategies of countries to ensure food security, diversify agricultural product supply markets, and take advantage of new market opportunities. This is a good opportunity for Vietnam and Korea to review, evaluate, and propose cooperative strategies in research and development, attract investment, and promote agricultural trade between the two countries.
Minister Le Minh Hoan suggested that, in addition to traditional cooperation programs and projects, "Vietnam - Korea cooperation vision in the field of agriculture and rural development period 2024 - 2030" should focus on further promote the potential and comparative advantages of the two sides, diversifying types of cooperation from technical support, technology transfer to new forms of investment such as public-private partnerships, joint ventures, and joint ventures. linking along the value chain, encouraging and attracting investment in agriculture.
