Da Nang’s Hoa Vang District recently signed a memorandum of understanding on establishing a nearly 15 billion VND ‘Saemaul Undong’ (new village) rural development model in Thai Lai Village, Hoa Nhon Commune with the South Korea’s Saemaul Globalisation Foundation (SGF).

The document has been agreed by leaders of Hoa Vang District and SGF with the aim of helping Thai Lai villagers build up an effective new rural development model and boosting agricultural production in a bid to raise their income and improve their living conditions.

Under the agreement, SGF will provide 15 billion VND of funding to help Hoa Vang District to upgrade Thai Lai Village. From now until 2024, SGF will task itself with accelerating agricultural mechanisation, along with consulting, researching and testing agricultural models highly suitable for Thai Lai Village and develop infrastructure facilities here.

Till date, SGF has given funding to the creation of the ‘Saemaul Undong’ model in such other Vietnamese localities as the provinces of Thai Nguyen, Ninh Binh and Bac Ninh, thereby significantly promoting poverty reduction in their rural areas.

The Saemaul Undong, also known as New Community Movement or New Village Movement, is a political initiative launched in South Korea in 1970 to modernise the country’s rural economy.

SGF is on its great missions on sharing South Korea’s experience in successfully promoting Saemaul Undong with the international community and enhancing the co-prosperity of mankind in a broad endeavor to practice universal love by contributing to poverty eradication and rural development in developing countries.

By VAN HOANG – Translated by A.T