Seoul (VNA) - The Republic of Korea (RoK)’s Ministry of Agriculture, Food and Rural Affairs (MAFRA) has announced that its smart farm sector is gaining momentum in penetrating the Vietnamese market, leveraging advanced technologies to expand into the Southeast Asian region.
At a press conference in Sejong city on July 18, MAFRA revealed that 15 Korean companies specialising in smart farming is participating in the ongoing 2024 Vietnam-Korea Plus Partnership Week held in Ho Chi Minh City. With the firms conducting 105 business matching with Vietnamese partners, the two sides signed eight memoranda of understanding worth 2.69 million USD. Through this event, Vietnamese agriculture officials and entrepreneurs expressed significant interest in the RoK’s smart farms and related technologies.
AVALVE, a RoK smart farm enterprise, attracted particular attention with its presentation on achievements in Vietnam and prospects for enhancing the Vietnam-RoK cooperation in smart agriculture. In November 2022, AVALVE signed a memorandum of understanding with Vietnam's National Fertiliser Testing Center (NCFT) to pilot a vertical farming project for ginseng seedlings in the Southeast Asian nation starting February 2023.
Taking Vietnam as a key export hub in Southeast Asia to promote and export Korean smart farm products and technologies, MAFRA has been running a pilot smart farm in Hanoi since 2022. This model features steel-frame greenhouse farms equipped with environment control systems.
Lee Sang Min, the head of the Agri-food Innovation Policy Bureau at MAFRA, said the ministry will continue to develop policies supporting Korean enterprises’ market entry and smart farm exports to Southeast Asia.
The Vietnam-Korea Plus Partnership Week aims to bolster cooperation between the countries in smart industry, environmental sustainability, clean energy, and smart agriculture, laying the groundwork for their future economic collaboration./.
