Vietnam presents significant potential for Australian AgTech businesses
30 September 2021: Vietnam’s agriculture sector is poised for growth: The uptake of new ‘smart agriculture’ technologies is offering alternatives to traditional labour and water intensive production methods, giving rise to exciting partnership opportunities for Australian AgTech businesses.
As technology continues to transform the sector, Australian AgTech innovators are well placed to work with local partners to develop solutions to challenges such as:
- Sustainability: Demand will grow in Vietnam for technology innovations that avoid wasting inputs and mitigate environmental impacts, such as sensors coupled with data analytics that can help decision-making.
- Climate resilience: Both countries are grappling with the impacts of climate change, creating opportunities in areas such water management and weather-related risk assessment.
- Productivity: As Vietnam is export-oriented, there are opportunities for technologies that will boost productivity in the face of seasonal variations, such as robotics, automation and drones.
- Food quality and safety: Growing concern among Vietnamese consumers about food safety is creating opportunities in blockchain, QR codes and DNA tracing to give visibility over food production and supply chains.
In this report Accelerating AgTech: Australia’s Opportunity in Vietnam, developed by Asialink Business and Beanstalk, we have outlined a roadmap of practical steps to help position Australian AgTech businesses for shared success in Vietnam.