WEF ASEAN: Grow Asia Forum talks innovation in agriculture
Updated : Wednesday, September 12, 2018 9:18 AM (GMT+0700)

TheGrow Asia Forum was held in Hanoi on September 11 within the framework of theWorld Economic Forum (WEF) on ASEAN 2018 which lasts from September 11-13. 

Vietnamese Deputy Prime Minister Trinh Dinh Dung speaks at the Grow Asia Forum.
- Source: VNA

The forum brought togetherleaders of agriculture ministries from member countries of the Association ofSoutheast Asian Nations (ASEAN), multinational and global corporations, andcompanies operating in agriculture in the ASEAN region in general and Vietnamin particular. 

With 18 sessions, the eventfocused on agricultural finance, digital innovation in agricultural production,agriculture and the fourth Industrial Revolution, precision technology inagriculture and low-emission agriculture, among others. 

In his opening remarks,Vietnamese Deputy Prime Minister Trinh Dinh Dung said agriculture is a keyeconomic sector of most of ASEAN countries, noting that agro-forestry-fisheryproduction not only ensures food security in the region with a combinedpopulation of 650 million but also contributes to global food security. 

To integrate moreintensively and extensively, the agricultural sector needs to make strongerchanges, with the broader participation of the private sector and applicationof cutting-edge technologies of the fourth Industrial Revolution, towards moremodernity, efficiency, inclusion and sustainability, he stressed. 

Dung said agricultural cooperation is one of the most important contents of theASEAN Economic Community in order to increase market access capacity of farm produce,develop product chains and promote the participation and benefits of farminghouseholds. 

The Deputy PM listed anarray of measures such as enhancing strategic cooperation in agriculture inASEAN through bilateral, multilateral and regional collaboration, establishingpotential agricultural links in the region, and intensifying direct investmentand strategic partnerships between producers, customers and commercialbusinesses. 

The Grow Asia Forum aims toset up partnerships to support ASEAN countries in fulfilling the WEF’s NewVision for Agriculture’s targets of increasing food production by 20 percent,lowering greenhouse gas emissions by 20 percent, and reducing rural poverty by20 percent by 2030.

The targets will becompleted by connecting concerned parties like Governments, businesses andfarmers, especially via the Public Private Partnership (PPP), he said.

Dung went on to say thatVietnam considers the PPP model an important tool to attract investment inagriculture and develop production, focusing on value chains and in-depthprocessing. 

Under the action plan onagricultural restructuring by 2020, the Vietnamese Government has putagriculture at the centre of sustainable economic development, adaptation toclimate change and prosperous rural area building. 

Science-technology and thePPP investment model would be factors that help Vietnam realize its goals ofsustainable agricultural and rural development, he said. 

Apart from Governments andfarmers, businesses serve as the most dynamic factor in the value chain sincethey organise the production, processing and consumption of agriculturalproducts, especially amidst the fourth Industrial Revolution. 

The Deputy PM expressed hisbelief that the participating managers, experts and businesses will worktogether to seek innovation methods in agriculture, utilising agriculturaladvantages in the region, improving people’s living standards and contributingto ensuring global food security in the face of climate change.


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