Enhancing Agricultural Green Growth in Vietnam by Applying Disruptive Technology to Facilitate Export of Quality, Safety and Climate-Resilient Agricultural Products from Vietnam to Korea

Project Summary:

The grant aims to support implementation of Vietnam’s green growth strategy in agriculture through opening high value markets for Vietnam’s climate resilient agricultural products. 

Vietnam is highly exposed to the impacts of climate change, and its economy heavily relies on the agricultural sector (over 20% of national GDP, 65% of employment and 30% of exports). The Vietnamese agricultural sector also plays an increasingly important role as a global supplier, with 2018 exports reaching 185 countries and a total turnover of more than US$ 40 billion. Despite its crucial role, the agricultural sector in Vietnam has left an increasingly large and destructive environmental footprint over the last 25 years. This activity aims at promoting the agricultural green growth strategy in Vietnam and creating and expanding markets for more profitable, climate resilient agricultural products, mostly through shifting from growing rice to growing tropical fruits. It will apply disruptive technologies (DT) to pilot a digital transaction platform and facilitate exports of high quality and environmentally friendly tropical fruits from Vietnam to Korea. 

A key feature of this activity is the use of Blockchain and the Internet of Things (IoT) for the first time in Vietnam to improve traceability and value chain linkages in the selected fruit sub-sectors and support bilateral trade between Vietnam and Korea. This activity is aligned with World Bank operational objectives on inclusive green growth implementation.