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The Mekong-ROK Cooperation Fund is committed to advancing agricultural and rural development in the Mekong region, focusing on improving the lives of local communities and narrowing development gaps. The framework emphasizes collaborative efforts and dialogues based on a bilateral Memorandum of Understanding on agricultural cooperation between Mekong countries and the Republic of Korea.
Additionally, the plan addresses regional food security and safety, stabilizing the food supply, and promoting trade and investment in the Mekong's agricultural sector. The initiative also seeks to enhance information exchange on agricultural product demand and supply, fostering cooperation in developing high-tech agriculture and supply chains among Mekong countries and the ROK.
Develop a regional agricultural value chain, linking fields and building bridges for a more interconnected and prosperous agricultural sector.
Strengthen regional agriculture supply chains, ensuring resilience and vitality at every stage of the agricultural journey.
Cooperate for the improvement of Mekong agricultural productivity, and growing prosperity for farmers and communities.
Support rural finance and market development, fostering financial growth within local markets.
Propel rural areas into a digital renaissance, transforming agriculture through the power of technology.
The regional implications of this proposed project are critical as the Mekong River basin has been facing significant change with a critical resource for the countries and target communities. By improving watershed management in the Prek Thnot Basin, this project can contribute to the broader efforts to promote sustainable and integrated management of the Lower Mekong River basin.
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This project aimed at contributing to creating enabling facilities for rural people to apply technology to improve their agricultural productivity and generate income for the well-being of life. The project will support several development programs of Lao PDR such as a national social-economic development program, poverty reduction program, and rural development program.
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The Lao PDR economy is mainly agricultural in nature accounting for 51% of the total GDP. Agriculture accounts for around 4.5 million hectares, or 19% of total land area. The main purpose is to produce sticky rice, a subsistence crop used largely for domestic consumption and animal husbandry
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Agriculture sector is the backbone of and a key contributor to the economies in all counties of the world. The world produces sufficient food to meet the demand of its current population of 7 billion. In the Mekong countries namely Cambodia, Lao PDR, Myanmar, Thailand and Vietnam (CLMTV), agriculture and food industry have been one of the fast-growing industries. Over 60% of the population of 340 million in the Mekong region are engaged in small-scale agriculture. The countries have witnessed the average annual GDP growth of 7.5% GDP since 1992. They also witnessed annual urbanization growth of 3%. High-value agriculture production, in particular horticultural crops (fruit and vegetables), has played a significant role in supporting increased incomes and the resiliency of smallholder producers.
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26-Apr-2024
Read the story of Ms. Sothnita Soeun, a Cambodian Business Development Manager who attended the MI's capacity development program on Food Loss Reduction for Sustainable Value Chain in September 2022. The program is part ...
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26-Apr-2024
In Laos, farmers in drought-prone areas grapple with a significant challenge: soil degradation and water scarcity severely affect agricultural productivity, resulting in low yields and low incomes. These challenging circ...
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26-Mar-2024
The government of Laos believes that one of the big reasons forests are being cut down is because people are clearing land for farming, especially using a method called shifting cultivation. They wanted to make sure that...
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20-Feb-2024
Laos, much like many other Mekong countries, primarily relies on agriculture, with the majority of the population residing in rural areas engaged in farming activities. The increasing demand for food and the challenges p...
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Madhurjya Kumar Dutta
Director, Mekong Korea Cooperation Fund
+66 (0)43 202 411 ext 2101
Khon Kaen, Thailand
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Last Updated: 20 Nov, 2024
