Monsanto Vietnam has been named as one of the “Exemplary Companies in developing Vietnam’s Agriculture and Rural Economy 2011–2014” – a special recognition from the Rural Economy Newspaper, the Vietnam’s Ministry of Agriculture and Rural Development. The List aims to recognize companies and individuals with long-term efforts and significant contributions to the development of Vietnam’s agriculture and rural economy.
“At Monsanto, we believe Improve Agriculture Improve Lives and are working hard to realize that vision through our 4Ps Pillar: Prosperity for farmers through Products-Practices-Partnerships. We are pleased this honor recognizes our commitment, but we know there is much more work to be done and look forward to working collaboratively across the industry to continue to advance sustainable agriculture.” said Nguyen Dinh Manh Chien, Country Lead, Monsanto Vietnam.
Monsanto Vietnam was nominated and selected as the results of its longstanding commitment and action to improve Vietnam’s commodity sector and farmers’ lives throughout 2011-2014. The company spent approximately $1 million on seed research and development to develop seeds suited to local agro-climatic conditions to enable farmers to increase corn productivity. This local best-fit Product in combination with its “Hi-Pop” Practice have helped hundreds of thousands farmers in Son La, Phu Tho, Dong Nai, An Giang and Ba Ria – Vung Tau provinces become more prosperous from achieving an increase of at least 30 percent in yield in comparison with national’s average corn yield.
Monsanto is taking a Public-Private Partnership (PPP) Approach on MARD’s Rice-to-Corn Rotation Initiative in the Mekong Delta in partnership with Farmers, local Dept. of Ag, and the Feed Industry. This program enables better seed, practices & market linkages that helped 8,800 farmers in Mekong Delta earn over $1 million incremental income and saved 80% time, cost and labor from 2,200 ha & 4,400 Rice-to-Corn rotation in 2013 & 2014.
To provide sustainable assistance to the communities in need, in partnership with NGO Vietnam Red Cross & a Public NGO under Ministry of Education, Monsanto had helped to improve lives of 2,000 rural households via providing Fund to improve sanitation conditions (Hoa Binh provinces) and enable alternative sources of incomes via agriculture & livestock tools (4 rural communities) in 2010 and 2011, via commitment of $200k from Monsanto Fund. In 2014, the company will continue to extend the Fund for Vietnam via commitment of $150k to support 175 girls’ secondary education and improving literacy for more than 60,000 children in the rural area.