Vietnam, RoK develop agricultural value chain, 2014
- The Republic of Korea (RoK), Vietnam signed a Memorandum of Understanding (MoU) on carrying out a project to build new rural areas and develop agricultural value chain in central Ninh Thuan province.
- The signatories were the Ministry of Agriculture and Rural Development (MARD), the Korea International Cooperation Agency (KOICA) and CJ group – the RoK’s leading group of food material distribution - and Ninh Thuan provincial People’s Committee. The project is a public-private partnership (PPP) model between Vietnam and the RoK with the aim of generating jobs and increasing income for labourers.
- The project will focus on enhancing capacity building in rural areas, organising training courses on the implementation of programmes to build new rural areas, improve the environment, upgrade primary schools and kindergartens and increase agricultural output, in particular chilli farming.
- In the future, CJ group -the RoK’s leading group of food material distribution - is likely to purchase an increased volume of around 5,000 tonnes of dry chillies per year.