S. Korean Smart-Farm Sector Is on Fast Pace to Enter Southeast Asian Market
홍보담당관실
2024.07.18
158
S. Korean Smart-Farm Sector Is on Fast
Pace to Enter Southeast Asian Market
At the 2024 Korea-Vietnam Partnership Plus
Week held on 16 July in Ho Chi Minh City, Vietnam, fifteen Korean smart-farm
companies had 105 one-on-one trade meetings with Vietnamese buyers and
companies and signed eight Memorandums of Understanding (MoUs) worth USD 2.69
million. Following an MoU with the Vietnamese National Centre for Fertilizer
Testing, a Korean smart farm company built a vertical farm for ginseng sprout
cultivation in Vietnam in February 2023. Also, a steel-framed vinyl greenhouse of
the same model, currently being built in Indonesia by a Korean smart farm
company, is scheduled to be completed in July this year.
Sejong, 18 July 2024 — The South Korean smart-farm sector is gaining
more momentum to enter the Southeast Asian market, driven by its advanced
information and communications technologies. At the 2024 Korea-Vietnam
Partnership Plus Week held on 16 July in Ho Chi Minh City, Vietnam, Vietnamese
government officials and business people showed great interest in Korean smart farms
and the related technologies.
The
trade promotion event was organized to take economic cooperation between the
two countries to the next level in three industrial sectors for future growth—smart
farming, eco-friendlier energy, and medical and health care. During the event,
fifteen Korean smart-farm companies had 105 one-on-one trade meetings with
Vietnamese buyers and companies and signed eight Memorandums of Understanding
(MoUs) worth USD 2.69 million.
In
particular, South Korean smart farm company AVALVE, at the business forum
session of the event, drew special attention from Vietnamese government
officials and buyers, with its presentation on the successes it has achieved in
Vietnam and on the ways to advance South Korea-Vietnam cooperation in smart
agriculture. In November 2022, AVALVE signed an MoU for cooperation in smart agriculture
with the Vietnamese National Centre for Fertilizer Testing (NCFT) and then
built a vertical farm for ginseng sprout cultivation in Vietnam in February
2023.
Also,
export efforts based on the Demo Smart Farm, a model smart greenhouse, built in
Hanoi, Vietnam are bearing fruit. Korean company AFFES, which leads the construction
project of the Demo Smart Farm in Vietnam, signed a contract worth
approximately USD 370,000 in February this year to build a smart farm in
Indonesia. The project aims to showcase South Korea’s advanced smart-farm
technologies in promising markets overseas and thereby lay stepping-stones for
Korean companies to export their products and technologies around the world.
The
Ministry of Agriculture, Food and Rural Affairs of the Republic of Korea
(MAFRA) selected Vietnam as an export foothold of Southeast Asia for promoting
and exporting South Korean smart-farm products and technologies, and built the
Demo Smart Farm in Hanoi, in 2022, through cooperation with the Vietnam Academy
of Agricultural Sciences. The Demo Smart Farm in Hanoi is a steel-framed vinyl
greenhouse equipped with environment control systems. The smart farm, currently
being built in Indonesia by AFFES, is the same model and scheduled to be
completed in July this year.
Director-General
LEE Sang-man of the MAFRA’s Agri-Food Innovation Policy Bureau said: “Southeast
Asian countries have great interest in smart farming as it helps address
climate change and other challenges of our time, and they are keen to adopt
advanced smart-farm technologies of South Korea. The MAFRA will continue to
develop various export support policies, such as expanding business networks,
creating a regional export base, and others, to help Korean smart-farm
companies to actively enter Southeast Asian markets.”