Ever since Vietnam implemented the reform of granting land use rights to farmers in 1988, agricultural productivity has been greatly improved and contributed to Vietnam’s economic and social development. Despite rapid industrialization and urbanization, agriculture still employs 40% of Vietnam’s total workforce and accounts for 15% of GDP.
However, in Vietnam, agriculture is mainly small-scale and family-owned agriculture, mainly rice farming, and it is characterized by dependence on simple labor and concentrated natural environment.
In order for further improve productivity and add more value in Vietnamese agriculture, it is imperative to diversify crops, improve production technology, control quality, and link up with global value chains.
Meanwhile, in Korea, due to a decreasing agricultural population and an increase competitively in the number of imported vegetables’ price, the area under vegetable cultivation is decreasing (average annual decrease of 4% for Chinese cabbage, 3% for seasonal vegetables and 5% for dry red pepper), more than 90% dependent on China. Therefore, it is necessary to diversify the supply chain.
As being said, Throughout the project under the Inclusive Business Solution Program (IBS) of the Korean International Cooperation Agency (KOICA), GF Hanoi Co., Ltd is cooperating with agricultural cooperatives, with the desire to be able to promote diversification of agricultural products of Vietnamese farmers, improve production techniques, quality control and agricultural chain value by providing and supporting agricultural machineries and equipments, seedling, technical training program.
Additionally, GF Hanoi Co., Ltd is also a bridge connecting businesses by supporting the purchase of agricultural products from farmers, in order to help improving their income and life quality with the goal of mutually beneficial to all parties.
This project is expected to contribute directly to SDG2, SDG8, SDG10, SDG11 and indirectly to SDG6, in line with the Sustainable Development Goals (SDGs) of the international community.
– SDG2: Prevent hunger, ensure food security, improve nutrition and promote sustainable agriculture
– SDG6: Ensure access to clean water and sanitation for all
– SDG8: Inclusive and sustainable growth, jobs and decent work for all
– SDG10: Addressing inequality within and between countries
– SDG11: Creating inclusive, safe, resilient and sustainable cities and human settlements