Agriculture is a significant contributor to Vietnam’s economy. Agriculture, forestry and fishery in Vietnam accounted for 12% of the country’s GDP in 2023.
Vietnam has favourable climatic conditions and an all-year growing season. The country’s main agricultural crops include rice, maize, sugarcane, cassava, sweet potato, peanut, coffee, pepper and rubber.
Significant land reforms have helped develop agricultural activity and capabilities. Between 1990 and 2019, agricultural output increased by 230%. The country’s agri-food exports have increased eight-fold since the early 2000s.
A growing need to combat climate change
Vietnam is one of the world’s most vulnerable countries to climate change.
Major climate change-driven risks include rising sea levels, typhoons, floods, droughts and landslides. These cause significant damage and losses to farmers. There is increasing demand for agtech solutions that help farmers adapt to climate change and reduce its impact.
The Vietnamese Government also wants to increase value-added production, reduce environmental impacts and improve efficiencies in the country’s agricultural sector.
There are opportunities for Australian agritechs to provide water management, carbon capture, climate risk and artificial intelligence-driven solutions.
Vietnamese producers are also keen to leverage Australian capability in increasing food production efficiency, improving sustainability and ensuring economic security.
Australian agritech companies are already helping Vietnam to address agricultural challenges. Orlar is an Australian-owned business offering innovative vertical agriculture solutions – growing crops without soil. Orlar fresh produce is grown in patented vertical pod technology using Australian organic-certified minerals and fertilisers. All Orlar produce is free from contaminants and pollutants.
Vietnam is seeking solutions to improve agricultural productivity and improve sustainability. Photo: Vietnam National Authority of Tourism.
Find out more about Vietnam’s tech landscape
Austrade is running a Landing Pads in-market immersion program in Hai Phong and Hanoi from 26–28 November 2024. Participants will attend Techfest Vietnam 2024 as part of the program.
We are inviting expressions of interest from Australian companies with capability across agtech, cyber security or ICT. Express your interest by 14 October 2024. Contact Austrade’s Landing Pad Manager in Vietnam Trang Vũ for more information about the program.
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